Stellantis is still reviewing plans for a proposed manufacturing plant in the Eastern Cape and expects to make a decision in the coming months, the company’s local manager said on Tuesday. The car maker announced plans in 2023 to build a greenfield factory in the coastal city of Gqeberha, its first plant in South Africa,…
Travis Robson, CEO, Capital.com South Africa. Global fintech group and trading platform Capital.com has entered the South African market after securing regulatory approval from the Financial Sector Conduct Authority (FSCA). The group is an authorised over-the-counter derivatives provider and category one financial services provider. Capital.com South Africa may provide financial and intermediary (non-advice) services for…
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…
