BYD shuns price war in South Africa

BYD shuns price war in South Africa

The BYD Dolphin Surf Chinese electric vehicle maker BYD is deliberately avoiding a price war in South Africa as competition ramps up in the continent’s second biggest car market, its local MD said on Wednesday. South Africa has seen a growing influx of new electric, plug-in hybrid, range extender and traditional hybrid car brands, many…

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Geely launches E2 EV hatchback in South Africa at R339,900

Geely launches E2 EV hatchback in South Africa at R339,900

Chinese automotive giant Geely Auto has officially introduced its third model to the South African market: the E2, a fully electric hatchback. Starting at R339,900, the E2 arrives with significant global momentum, having been China’s top-selling vehicle overall in 2025 under the “Geome Xinguan” nameplate. With over 465,000 units sold in its home country last…

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South Africa’s biggest banks are lining up behind Optasia

South Africa’s biggest banks are lining up behind Optasia

Optasia CEO Salvador Anglada Optasia has secured US$330-million (R5.4-billion) in refinanced and upsized debt facilities, with Standard Bank acting as joint mandated lead arranger and underwriter in a deal that deepens the banking group’s relationship with the JSE-listed fintech. The facilities comprise a $180-million term loan and $150-million in bank guarantees, and are designed to…

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South Africa’s draft AI policy is a bureaucrat’s dream

South Africa’s draft AI policy is a bureaucrat’s dream

Communications minister Solly Malatsi. Image: DCDT Communications minister Solly Malatsi has gazetted South Africa’s draft national AI policy for public comment, opening a 60-day window for submissions on an 86-page document that proposes a sweeping new institutional architecture – including seven new oversight bodies – to govern the development and deployment of AI across the…

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