The IMF executive board will meet to approve the disbursement of fresh funds to Kenya as part of the sixth review of the arrangement between the two parties.
Author: Staff Writer
The new Isuzu D-Max X-Rider model is set to be launched in February, following the success of the previous generation X-Rider.
Shell has agreed to sell its Nigerian onshore oil business to Renaissance, a consortium of local companies, for more than $1.3 billion. The sale is subject to government approval.
Alexforbes has appointed Mpho Molopyane as its new Chief Economist.
Two trains collided on a vital mining-export line in South Africa, leading to the closure of the route and the need to clear the derailed trains.
Richard Manzini has taken on the role of CEO at Daybreak Farms, replacing Matshela Seshibe, who was suspended a year ago.
After five years, TymeBank has reported its first-ever profit, marking a significant milestone for the digital bank.
As much as the idea of ‘machines’ can evoke a sense of removing human involvement, artificial intelligence (AI) and machine learning (ML) algorithms are not created in a vacuum. These algorithms are created by people. Furthermore, people play a large role in the selection and analysis of the data sources that go into AI and ML algorithms. This means that biases can appear and could then influence algorithms to reinforce and accentuate them. It gets especially sticky when thinking about this in terms of HR and diversity, equity and inclusion (DE&I) initiatives like hiring and other employment decisions internally. An…
The City of Cape Town has announced a significant economic boost of nearly R4 billion from the events hosted in 2023. This impressive figure includes the Netball World Cup, ICC Women’s T20 World Cup, Formula E race, Loeries Creative Week, and the Tweede Nuwe Jaar Minstrel Street Parade. The City’s Events Permit Office issued permits for over 1,200 events throughout the year. Research studies on three key events revealed a R2 billion economic impact, taking into account direct and indirect economic contributions and destination marketing. An additional R1.9 billion in economic activity was generated by 20 other events held in…
Despite operating challenges and a decline in December sales compared to the previous year, South Africa’s automotive industry saw a gradual recovery in 2023, with a total of 532,098 vehicles sold, marking a 0.5% increase from 2022. Commercial vehicles played a significant role in driving sales, surpassing pre-pandemic numbers due to the country’s increased reliance on road transportation for goods. The Toyota Hilux claimed the top spot as the best-selling vehicle, with an impressive 37,382 units sold throughout the year, followed closely by the Ford Ranger, which achieved 24,618 sales. In the passenger car segment, the VW Polo Vivo took…