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’s fuel retail sector is embracing solar power and EV charging stations, driven by rising energy costs and sustainability goals. Fuel retail solar cuts operational expenses, especially in rural areas, while supporting the nation’s shift to cleaner energy.
Ford South Africa is investing R900 million to revamp its dealership network, focusing on modern facilities and enhanced customer experiences. This move aims to align with global standards and boost local economic growth.
Chinese toymaker Pop Mart forecasts a 350% profit increase for the first half of 2025, fueled by the global Labubu toy craze. Collectors drive demand, with some figures reselling for thousands.
On June 10, 2025, Raed Cupido, a suspended Standard Bank manager, was arrested in Cape Town after police seized R18m in cocaine and firearms from a Roeland Street facility. Linked to Colombian cartels, Cupido faces drug and weapon charges. The Standard Bank
China has imposed export controls on eight key EV battery technologies, including lithium processing and LFP battery production, effective 15 July 2025. The move, aimed at protecting China's tech advantage, could disrupt global EV supply chains, raise production costs, and delay projects
Nvidia CEO Jensen Huang champions the idea of AI job transformation, predicting that artificial intelligence will redefine, not replace, professional roles. “Every job will be different,” Huang states, emphasizing AI as a collaborative tool that enhances human capabilities across industries like healthcare
Asia markets rise despite China's disappointing economic data, with investors eyeing US corporate earnings and inflation figures. Modest gains in indices like the Nikkei 225 and Hang Seng reflect cautious optimism.
Bitcoin hits record high above $118,000 as investor demand for exchange-traded funds (ETFs) surges. The rally signals renewed confidence in the crypto market and growing institutional adoption, even as calls for regulation intensify.