Sandton, the economic hub of Johannesburg – and South Africa South Africa cannot afford for Johannesburg to fail, and the city’s electricity supply is now genuinely at risk. The R5.3-billion debt that the city owes to Eskom is not being resolved in a sustainable way, and the consequences became more concrete last week. Eskom granted…
Club name FedEx will soon step into the earnings spotlight after a holiday-shortened week of trading brought good news on the Iran war and oil prices. Also on our radar in the week ahead is May inflation data — though caveats are needed, as we’ll explain later — and earnings from memory chipmaker Micron ,…
LedgerAI, an AI governance platform. (Image supplied) South African AI governance platform LedgerAI is expanding its reach to Android and Huawei mobile devices. Founded by Vuyo Nkadimeng and Zanele Simelane, the platform enables companies to assess AI governance risks, track compliance obligations and generate evidence-based documentation for audits and regulatory reviews. Head developer Nkadimeng said the…
More than three and a half years after the public launch of ChatGPT, the generative AI industry is entering a mature, hyper-competitive era. While OpenAI’s chatbot remains the global incumbent, its market share has officially slipped below the 50% threshold for the first time. According to analytics firm Sensor Tower’s State of AI Report for…
SpaceX shares rose 3% in premarket trading on Wednesday, as the Elon Musk-led company extended a remarkable rally that’s seen the stock surge around 62% since a blockbuster IPO on Friday. Consistent gains for SpaceX this week pushed its market cap above Amazon on Tuesday, and it briefly surpassed Microsoft to become the fourth-largest company…
SpaceX shares rose about 3% on Tuesday, as Elon Musk‘s rocket-builder continued its meteoric rise following a record-breaking IPO on Friday. With the skyrocketing share price, SpaceX is on the verge of topping Amazon in market cap. As of early Monday, SpaceX’s market cap stood at roughly $2.53 trillion, while Amazon is valued at about…
Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.
Commissioner for Insurance, Mr Ayo Olusegun Omosehin, has said that despite the recorded gap in Africa’s insurance penetration, the continent commands an estimated $68 billion premium pool, signalling strong underlying demand where access exists. Omosehin who spoke in a high-level panel discussion at the 52nd African Insurance Organisation Conference in Cairo Egypt, challenged the regional…
Yugen Naidoo, Lenovo general manager for South Africa. Amid ongoing global supply chain disruptions and a persistently challenging economic environment, Lenovo is working to sustain profitability in South Africa’s highly-competitive PC market. It is exercising tighter operational discipline, with resilient sourcing strategies and a sharpened focus on demand-driven execution. This is according to Yugen Naidoo,…
The global smartphone market is heading for its steepest annual contraction on record, with shipments projected to slump by 13.9% this year to 1.08 billion units, Counterpoint Research said on Monday, citing a worsening shortage of memory chips. The forecast is a downgrade from the 12.4% decline projected in February, with the squeeze in global…
