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,…
The central bank does not see cash being removed from the economy. (Graphic made with GenAI) The South African Reserve Bank (SARB) has shifted from viewing South Africa’s reliance on cash as an obstacle to building a modern, digitally-enabled economy, to treating cash as critical public infrastructure that must be actively protected and modernised. The…
The international legal order that was created after the second world war is no longer fit for purpose. Its response to urgent global problems like climate, poverty and pandemics is inadequate. Its key institutions like the United Nations are incapable of restoring peace in Ukraine, Iran, Sudan or the Democratic Republic of Congo or stopping…
Temperatures in Germany could hit 40C in some areas while French officials say deaths linked to the heat are being seen among young people.
A SAPO office in the Eastern Cape. (Image source: SAPO via X) The South African Post Office (SAPO) is preparing to exit business rescue after its practitioners asked the High Court to terminate the proceedings. However, its long-delayed digital modernisation now rests on the shareholder and newly-appointed board after government failed to provide R3.8 billion…
Joshua Harvey, CEO at Specno. Cape Town-based digital innovation agency Specno has repositioned its business from digital agency services to a product consultancy model, citing changing market conditions in software development and growing demand for strategic delivery support. The company said the move is aimed at scale-up businesses facing major product, platform and architecture decisions,…
Snap Inc. has announced a significant workforce reduction, laying off approximately 1,000 employees, which is roughly 16% of its total staff. In a company-wide memo, CEO Evan Spiegel framed the cuts as a move to increase operational velocity by replacing repetitive manual tasks with advanced artificial intelligence. In addition to the layoffs, the company is…
Kenya’s National Assembly has ratified a bilateral defence agreement with France, underlining Paris’s strategic shift away from its traditional West African sphere of influence towards anglophone Africa. Signed in October 2025, the accord establishes a five-year framework – renewable once automatically. The agreement will “enhance Kenya’s defence capacity through access to French training, technology, and…
Nvidia has signalled a massive escalation in its market expectations, projecting that the revenue opportunity for its AI hardware could reach at least $1 trillion through 2027. This ambitious forecast, delivered by CEO Jensen Huang at the annual GTC developer conference in San Jose, highlights a strategic shift toward “inference computing”, the process of running…
Standard Bank Group’s annual financial results, published on Thursday, have revealed that Africa’s largest bank by assets spent more than R14-billion on cloud, software and technology in 2025 — an 8.7% year-on-year increase that far outpaced the growth in its overall cost base. The “cloud, software and technology” line item in the group’s operating expenses…
