Themba Mgimeti, co-founder of CarShareNova. South African-born peer-to-peer car-sharing platform CarShareNova has entered the local e-mobility market, hoping to reinvent the car rental industry. Founded by Themba Mgimeti, an engineer and former manager at Bolt, and Lebogang Mabala, software engineer and employee at Naked Insurance, CarShareNova’s mission is to turn vehicles into income-generating assets for…
Ioco Limited has reported a return to profitability for the financial year ended 31 July 2025, marking a decisive turnaround after three years of losses. The technology group credited its improved performance to an operational reset, disciplined execution, and a more focused business structure. Group CFO Ashona Kooblall For the first time, Ioco generated enough…
Elon Musk When Tesla directors offered Elon Musk the biggest executive pay package in corporate history in September, it reassured investors that he would have to achieve the equivalent of “Mars-shot milestones” to earn US$878-billion (R15-trillion) in Tesla stock over 10 years. The board’s proposal said Musk would have to “completely transform Tesla and society…
A longtime ally, adviser and fundraiser for New York Mayor Eric Adams was suspended from his re-election effort after she was accused of attempting to hand a local journalist a cash-stuffed potato chip bag. Winnie Greco was outed by a local news organization, The City, for trying to give cash surreptitiously tucked inside a Herr’s…
Natalia Paruz, who serenades straphangers with her musical saw, isn’t getting the tips she used to. That was clear on a recent Thursday at the Herald Square station in midtown Manhattan, her gold-colored tip bucket only showing a couple dollar bills and some coins halfway through a three-hour performance during the afternoon rush. “I have…
Regulatory obstacles in South Africa could cost Starlink its usual first-mover advantage, potentially allowing Amazon’s Project Kuiper to enter the local market concurrently or even sooner. Kuiper, which began launching satellites in April, plans beta testing soon, with a commercial rollout expected in 2026. Amazon representatives have reportedly met with local telecoms ahead of this…
Johnathan Bass, managing director of NetTrace. South African businesses are working hard to maximise the return on their technology investments. However, while the initial procurement and deployment of new IT assets may receive significant attention, the ongoing management and optimisation of these assets is frequently misunderstood and often neglected. For governance, risk and compliance leaders,…
Pakistan, Somalia and Haiti are among 11 countries that have signed lobbying deals with Trump-linked figures, with many bartering key resources including minerals in exchange for humanitarian or military support Some of the world’s lowest-income and most aid-dependent nations are paying millions to lobbyists with ties to US President Donald Trump as the country halts…
South Africans’ heavy reliance on cash, instead of using advanced digital payment rails, costs the economy more than R30-billion/year. This is according to Tim Masela, head of the National Payments System at the Reserve Bank, whose commentary in the Payments Association of South Africa’s (Pasa’s) annual report notes that positive strides taken to digitise the…
A World Bank-linked climate fund has backed South African plans to cut the country’s reliance on coal, unlocking up to US$2.6-billion (R46.8-billion) in financing and giving the nation’s energy transition an unexpected boost. The approval of the updated plan by the Climate Investment Funds, which was stalled after South Africa last year asked to delay…
