Elon Musk is no longer the world’s richest person—and the amount he’s lost this year is enough to land 4th place on the list
Elon Musk is no longer the wealthiest person in the world, thanks to the plummeting price of Tesla shares, which dragged the serial entrepreneur into second place. Musk, CEO of Tesla and Twitter, saw his net worth overtaken by that of French billionaire Bernard Arnault on Monday, according to data from Forbes. Arnault is the chairman and CEO of […]
Rand boosted as Ramaphosa survives Phala Phala vote
South African lawmakers quashed an advisory panel’s report that found President Cyril Ramaphosa may have breached the constitution, bolstering his campaign for re-election as party leader. The rand and government bonds rallied. Ramaphosa’s political future was cast into doubt on 30 November when the panel delivered a scathing assessment of his handling of the theft […]
Major crypto mogul Sam Bankman-Fried arrested
Sam Bankman-Fried, the disgraced co-founder of digital-asset exchange FTX, was arrested in the Bahamas after the US government filed a criminal indictment, following weeks of speculation that client funds were misused before his empire’s collapse. Bankman-Fried is being held in custody pending an extradition process, the island nation’s attorney general, Ryan Pinder, said in a […]
Big electricity price hike for South Africa – decision coming this week
Energy regulator Nersa will make its decision on power utility Eskom’s 32% electricity tariff application this week. The regulator has published its meeting schedule for the week ahead, noting that the decision for Eskom’s fifth Multi-Year Price Determination (MYPD5) revenue application for the 2023/24 and 2024/25 financial years will be announced on Wednesday, 14 December. […]
South Africa’s health sector is desperate for these 10 skills – not related to healthcare
Digital transformation at all levels of the country’s healthcare sector has opened the door for more people skilled in tech, says Raymond Plotz, CIO at Mediclinic Southern Africa. Developing digitally in the sector aims to improve access and enhance patient care, support healthcare practitioners and save costs, said Plotz. There has been a burst of […]
Trevor Noah bids emotional farewell in final ‘Daily Show’ episode: ‘I am so grateful’
Trevor Noah’s run at “The Daily Show” has come to an end. The South African comedian bid adieu to the late-night show he has hosted since 2015. The final show, which aired Thursday evening, featured a “Farewell to Trevor” from “The Daily Show” correspondents including Michael Kosta, Desi Lydic, Ronny Chieng, Roy Wood Jr, Dulcé Sloan, and contributor Jordan […]
South Koreans are getting a year younger, parliament rules
You’re not getting any younger — unless you live in South Korea. South Koreans will soon become a year or two younger, following an official change to the country’s age-counting system. On Thursday, the country’s parliament, called the National Assembly, passed a set of bills requiring the use of the international age-counting system, where age is based on […]
Bad news for food prices in South Africa
Despite a significant drop in diesel prices this week, this is unlikely to translate to lower food prices on store shelves in South Africa, says Niel Roets, CEO of Debt Rescue. The Department of Mineral Resources and Energy announced a steep drop in the price of diesel between R1.52 and R1.57 a litre for December, on the […]
Vladimir Putin says Russia’s war in Ukraine could be ‘long-term process’
Vladimir Putin has admitted Russia’s war in Ukraine could turn into a “long-term process” as he sought to defend an invasion in which Russian troops have been forced to retreat and even airbases deep inside Russia have come under attack. Speaking to members of his personal human rights council on Wednesday, Putin claimed that Russia would not use […]
Stage 7 load shedding warning for South Africa
Energy analyst Ted Blom says that if Eskom does not resolve its current stage 6 load shedding crisis before Thursday (8 December), there is a high likelihood that the country will be forced into stage 7 load shedding before the weekend. “We will move to stage 7 because we’re about to lose another 1,000 megawatts […]
