Temu and Shein’s boom has accelerated SA’s digital commerce shift. Nearly half of surveyed South African online shoppers buy from international low-cost platforms such as Temu and Shein, highlighting a shift in local consumer behaviour and intensifying pressure on domestic retailers. This is according to new consumer research conducted by payments firm Stitch, in partnership…
The Intel logo is displayed in front of Intel headquarters in Santa Clara, California, Jan. 22, 2026. Justin Sullivan | Getty Images Intel shares soared 24% on Friday, their best performance since October 1987, as investors cheered signs of renewed growth due to mounting artificial intelligence demand. The stock closed at $82.57 and is now…
Nvidia delivered another set of record-breaking results for its January quarter on Wednesday, bolstered by the relentless demand from “Big Tech” for its specialized AI processors. The company posted a 94% increase in sales, reaching $68.1 billion, and projected current-quarter revenue of approximately $78 billion, comfortably exceeding market expectations of $72.6 billion. Read: The new…
Silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. Angelika Warmuth | Reuters Silver futures jumped about 7% early Tuesday, continuing 2025’s roller-coaster ride for precious metals. Silver futures for March delivery were up 7.2% to last trade at $75.54 an ounce…
The Micron logo is seen displayed at the 8th China International Import Expo. Sheldon Cooper | Lightrocket | Getty Images Micron Technology‘s stock jumped 10% after the company signaled robust demand for its memory chips and blew away fiscal first-quarter estimates. During an earnings call with analysts, Micron, which makes memory storage used for computers…
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters Amazon shares soared 10.81% on Friday after the company reported an across-the-board beat for the third quarter and boosted its forecast for spending due to demand for artificial intelligence services. Cloud was a…
In this photo illustration, Beyond Meat’s Beyond Burgers are shown on February 29, 2024 in Chicago, Illinois. Scott Olson | Getty Images Beyond Meat has regained a bit of its meme mojo status, surging more than 146% on Tuesday in its best day ever. The food company known for its plant-based meat alternatives is having…
Bitcoin has surged past $112,000 (approximately R2 million) this week, setting a new record high, and has continued to climb. This unprecedented climb for the original cryptocurrency, which saw a 3.1% rise to $112,009, brings its year-to-date gain close to 20%. The milestone underscores a widespread speculative momentum gripping markets, impacting everything from technology stocks…
South Africa’s youth unemployment rate reached 62.4% in the first quarter of 2025 — the highest in three years. While joblessness grows, the country faces a widening gap in high-level digital skills, with an estimated 77,000 critical roles unfilled and over 300,000 tech jobs outsourced abroad. Image supplied Digital skills gap blocks economic opportunity Despite…
MultiChoice reports a significant 44% increase in Showmax subscribers just over a year after the video streaming service’s relaunch, despite its withdrawal from countries outside Africa. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: Physics turning lead into gold! Showmax 2.0, a joint venture between MultiChoice (70% share) and Comcast’s NBCUniversal (30%), rolled out in…
