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News
Alphabet’s $6bn cash burn raises alarm for Big Tech as AI spending rockets
2+ hour, 40+ min ago (660+ words) Alphabet’s first cash burn on record has jolted investors awaiting more Big Tech results next week as soaring AI spending strains one of the world’s most profitable companies, and the pain is only expected to increase. The Google parent spent…...
Kumba to power Sishen mine with new on-site solar project
5+ hour, 11+ min ago (286+ words) Kumba Iron Ore has signed an agreement that will see its Sishen mine supplied with electricity from a new on-site solar project as mining companies increasingly add renewable energy projects alongside Eskom supply. Unlike wheeled renewable energy, which is generated…...
LWAZI MANKAHLA | The purpose behind shared ownership
6+ hour, 7+ min ago (607+ words) When discussions about transformation begin, they often focus on ownership. Who owns what? What percentage is held? How is the structure designed? These are important questions but they are not the most important ones. The more meaningful question is: what…...
WATCH | SA seeks to repair regional ties after anti-immigration protests
1+ hour, 20+ min ago (127+ words) Business Day WATCH | SA seeks to repair regional ties after anti-immigration protests Business Day TV spoke to Zane Dangor, director-general for international relations A surge in protests targeting illegal immigration has placed South Africa under growing regional scrutiny, with thousands…...
RECORDED | SA Reserve Bank’s MPC announces interest rates decision
3+ hour ago (123+ words) WATCH LIVE | SA Reserve Bank’s MPC announces interest rates decision Business Day RECORDED | SA Reserve Bank’s MPC announces interest rates decision The South African Reserve Bank’s monetary policy committee will on Thursday announce its latest decision on interest rates. Would…...
Was the R13.5bn municipal funding freeze constitutional? The Treasury says yes
12+ hour, 59+ min ago (449+ words) The Treasury complied with constitutional and legislative prescripts when it temporarily withheld R13.5bn in funding from 69 municipalities over poor financial management, the department’s senior legal adviser says in a legal opinion seen by Business Day. This comes after the Financial and…...
MISCHKA MOOSA | Joburg’s winter fiscal freeze
3+ hour, 46+ min ago (592+ words) Months after South Africa’s load-shedding pressures finally began to ease, its richest city, Johannesburg, is confronting a new, localised electricity crisis, but this time instead of a failing national grid the city is facing severe fiscal insolvency. The latest escalation…...
Andrea Johnson admits to ‘error’ in testimony to parliament about Lt-Gen Khumalo’s case
3+ hour, 51+ min ago (325+ words) Investigating Directorate Against Corruption (Idac) head advocate Andrea Johnson on Thursday admitted she incorrectly testified to parliament’s ad hoc committee that she was not aware of corruption allegations against police crime intelligence head Lt-Gen Dumisani Khumalo being referred to (now…...
Renault Trafic Passenger on sale in SA again after 20-year hiatus
5+ hour, 24+ min ago (479+ words) Renault South Africa has launched the new Trafic Passenger model. The French MPV makes a return to this market after more than 20 years, and arrives with bold new styling, modern tech, three model trims and space for nine passengers. The…...
Xenophobia fuelled by poor leadership, says Motlanthe
4+ hour, 37+ min ago (266+ words) Former president Kgalema Motlanthe says governance failures and the lack of sustained economic growth are the reasons why xenophobic violence and social unrest will keep occurring in SA. Speaking at the Motlanthe Foundation’s winter seminar which is focusing on migration,…...