South Africa’s car exports face an EV reckoning

South Africa’s car exports face an EV reckoning

A file photo shows Ford’s sprawling plant in Silverton, Pretoria South Africa risks losing future vehicle production to Asian rivals as global car makers decide where to build the next generation of electric vehicles, despite a new government tax incentive aimed at attracting investment, executives say. The industry, which exports about two-thirds of its output,…

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The AI jobs reckoning is here

The AI jobs reckoning is here

Jack Dorsey is not the first CEO to say AI will transform work. He may be among the first to act as if it already has — and to say so openly. “Intelligence tools have changed what it means to build and run a company. We’re already seeing it internally. A significantly smaller team using…

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Bitcoin faces another reckoning

Bitcoin faces another reckoning

Bitcoin made a 16-month low and tested key US$60 000 support on Friday as a global selloff in technology stocks deepened and washed out risky bets across asset classes. The world’s largest cryptocurrency was last up 1.64% at $64 153.24 in volatile trade, swinging between gains and losses after having hit a low of $60 008.52 earlier in…

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