Plans for State-Run National Lottery in South Africa Raise Alarm
Plans for a state-run national lottery in South Africa spark alarm as government aims to nationalise the lottery when the private licence expires in 2034.
South Africa Debanking Reform Pushed After US Policy Shift
South Africa debanking reform is under focus as activists demand change, inspired by a US executive order tackling unfair bank account closures.
OpenAI GPT-5 Launch Enhances ChatGPT Capabilities
OpenAI’s GPT-5 launch upgrades ChatGPT, offering improved reasoning for coding, finance, and health tasks.
Microsoft $4 Trillion Valuation Second After Apple
Microsoft reached a historic $4 trillion valuation, joining Apple as the second company to hit this mark. Strong earnings and AI-driven cloud growth fueled investor confidence.
Apple’s $100 Billion Investment Amid Trump Pressure
Apple’s $100 billion investment in US manufacturing and research, spurred by Trump’s calls for domestic production, seeks to create jobs and drive growth.
Mantashe Threat to Withhold Minerals from US Grows
The Mantashe threat to withhold minerals from US aid-linked deals draws industry concern over potential trade fallout and investor risks in South Africa’s mining sector.
Public Sector Bosses Cash in Despite Failing SOEs
Public sector bosses cash in with multimillion-rand salaries while state-owned enterprises continue to underperform and rely on costly bailouts from taxpayers.
Taiwan detains three in TSMC chip secrets theft
Taiwan detains three people—linked to TSMC—amid a trade-secrets probe; the chipmaker says internal checks triggered legal action and cooperation with prosecutors.
Intel Layoffs 2025: 25,000 Jobs Cut in Global Restructure
Intel plans to cut 25,000 jobs by 2025, reducing its workforce to 75,000 amid financial challenges. The Intel layoffs 2025, led by CEO Lip-Bu Tan, aim to streamline operations and boost innovation to compete with Nvidia and TSMC.
Tesla Profits Fall 16% in Q2, Musk Warns of Tough Times
Tesla profits fall 16% in Q2 2025, reporting $1.5 billion in net income. Elon Musk signals challenges ahead amid rising costs and softer EV demand.
FlySafair Pilot Strike: CCMA Talks Continue
The FlySafair pilot strike, driven by roster and wage disputes, has caused flight cancellations, stranding passengers. Solidarity urges roster changes to resolve the deadlock.
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