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.
Google Hires Windsurf CEO After OpenAI Deal Fails
Google hires Windsurf CEO Varun Mohan after OpenAI’s $3 billion deal falls through, signalling a major shift in the global AI talent race and developer tools market.
Dollar Holds as Yields Drop Amid Market Caution
As bond yields continue to fall, the US dollar remains unexpectedly strong—signaling investor confidence in American assets amid global trade tensions and regulatory shifts. This divergence highlights the dollar’s safe-haven appeal in a time of growing market uncertainty.
C42D Investment Scam Collapses, Leaving Victims Stranded
The C42D investment scam has collapsed, taking down its websites and online groups, and leaving South African victims with no legal recourse. Authorities warn the public to stay vigilant against similar online schemes.
Nasdaq 100 Bearish Signs Emerge as Index Nears Peak
The Nasdaq 100 recently hit a new high above 22,700, but several technical indicators now point to potential trouble ahead. Signs such as a possible double top pattern, RSI divergence, and key support levels under pressure are raising concerns. As Nasdaq 100
Brewing Change: South Africa’s First Black Woman Brewery Owner
Apiwe Nxusani-Mawela, South Africa’s first Black woman brewery owner, is transforming craft beer with Tolokazi — a brand rooted in African tradition and brewed in Soweto. Through her work, she champions inclusion and opportunity in the industry.
South Africa Fuel Price Forecast: Petrol Relief but Diesel Pain
South Africa’s latest fuel price forecast brings mixed news for motorists. Petrol prices are set to drop in August 2025, but diesel users face steep hikes due to global supply pressures and rising international demand.
Max Oliva Steps Down as SPAR SA CEO, Joins McDonald’s
SPAR South Africa CEO Max Oliva is stepping down after a 30-year career with the retail group to take on the role of CEO at McDonald’s South Africa, effective 1 July 2025.
FutureRent Raises R100 Million (€5 Million) in First Funding Round, Adds 450 Vehicles to Fleet
FutureRent, South Africa’s pioneering car subscription company, has secured R100 million (circa. €5 Million) in its first funding round, backed by a German family office. The capital injection marks a major step forward in FutureRent’s mission to reinvent mobility through flexible, finance-free
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