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…
Intel is refusing to concede the handheld gaming sector, launching a aggressive counteroffensive despite the market disruption caused by yesterday’s Valve Steam Deck price hike. At Computex today, the silicon giant unveiled its brand-new Arc G-Series processor family, a specialized line of hardware engineered explicitly for portable gaming devices and built on the foundation of…
Independent gemstone and jewellery verification is becoming a key differentiator for jewellers as buyers prioritise trust, authenticity and proven value. South Africa’s jewellery industry is changing, not just in how pieces look, but in how they are bought and trusted. While demand for fine, and bespoke jewellery continues to grow, driven by luxury consumption, investment…
Pope Leo XIV holds his weekly general audience at St. Peter’s Square in Vatican City, June 11, 2025. Massimo Valicchia | Nurphoto | Getty Images Pope Leo warned over the weekend that a “social calamity” could come from mass unemployment due to the adoption of artificial intelligence technologies. Prediction market traders appear to think that…
FindHomes co-founder Adrian Bunge For most South Africans, buying a home is the largest financial commitment they will ever make. It is also one of the least transparent. Listings sites show what is for sale, but they offer little insight into what a suburb is actually doing – whether prices are rising or stagnating, how…
