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Economics at timeslive.co.za

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15

Microsoft introduces smaller AI model

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Microsoft on Tuesday announced a cost-effective, small language artificial intelligence model that can perform tasks such as content creation and create social media posts while using smaller amounts of data.

12

How horoscopes help you align with the perfect travel destinations

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Looking for your next getaway or a new place to make home? We break down how astrocartography helps you find a location based on your zodiac sign

Zijin's DRC mine shipments returned due to radiation levels, ministry says

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Mineral shipments from a Congolese copper and cobalt operation majority-owned by China's Zijin Mining Group were returned due to overly high radiation levels, the Congolese mines minister said in a letter seen by Reuters on Monday.

11

Range Rover Electric prototypes put to the test in Arctic Circle

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The new Range Rover Electric is undergoing rigorous testing in extreme conditions to assess its electric propulsion capabilities, refinement and luxury features. Prototypes of the vehicle are deployed in challenging test locations…

10

EU’s 2050 net zero goals at risk as EV rollout faces setbacks

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The EU needs to rethink its policies to make a 2035 ban on new petrol car sales feasible as electric vehicles remain unaffordable and alternative fuel options are not credible, the EU's external auditor said, jeopardising its 2050 climate…

09

NOKWANDA MATHENJWA | Structural changes are needed to grow the economy

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While some economists and researchers support the austerity stance implemented by the South African Reserve Bank to contain inflation over the past year, others argue it is the increase in interest rates that has contributed to the…

Tesla expected to post lower profit margin amid doubts on growth, product strategy

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Tesla is expected to report its lowest gross profit margin in more than six years on Tuesday after a chaotic week that included major layoffs, vehicle price cuts and urgent calls by investors for clarity on product strategy.

Electric car sales to rise but affordability in focus: IEA

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Electric car sales will rise strongly in 2024 despite economic headwinds in some markets, the International Energy Agency forecast on Tuesday, but affordability and charging infrastructure will be key to future growth.

Monday, Apr 22

23

Hefty sentences for VAT fraud syndicate members

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The Johannesburg high court on Monday sentenced a VAT fraud syndicate to a cumulative 205 years behind bars for 391 counts ranging from fraud, forgery, uttering, corruption and money laundering.

20

Courts not always to blame for massive court roll backlogs, says deputy justice minister

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Deputy minister of justice and constitutional development John Jeffrey has attributed the backlogs in some of the country's courts to the number of role players in the criminal justice system.

14

‘We are not psychologists’: Johnson stuck for answers to Chiefs’ scoring woes

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Cavin Johnson says Kaizer Chiefs are “angry at themselves” and his players were “arguing in the changeroom” after they spurned chances and sagged to a third defeat in succession against Richards Bay FC.

12

LISTEN | ‘No load-shedding for 26 days has nothing to do with the elections’ — Ramokgopa

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Electricity minister Kgosientsho Ramokgopa says the 26 days of no load-shedding has nothing to do with the elections and has cautioned against the big improvement being used as an “electioneering tool”.

10

Stormy Daniels and other key witnesses at Trump hush money trial

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Donald Trump’s historic hush money trial in New York is set to feature a colorful cast of witnesses.

09

Tesla’s Elon Musk postpones India trip, aims to visit this year

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Tesla CEO Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla carmaker and saying he aimed to reschedule the visit for later this year.

Friday, Apr 19

18

Full range of LDV vehicles is headed for South Africa

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Forming part of China's SAIC Motor, LDV announced on Friday its full range of passenger and commercial vehicles has received the green light for local introduction.

14

Hyundai quits advertising on Elon Musk’s X

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In 2023 the US condemned Musk’s endorsement of what it called a ‘hideous’ anti-Semitic conspiracy theory on X.

Nigeria government halves central bank borrowing

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Nigeria has halved federal borrowing from the central bank, according to Finance Minister Wale Edun, as Africa's biggest economy works to curb monetary financing and shift to markets to plug revenue shortfalls.

13

Business travel picks up, bolstering outlook for US airlines

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US airlines have enjoyed a travel boom for the past three years, but until this past quarter, big-spending corporate travellers had been largely missing.

11

US to spend $1bn on food aid abroad amid global hunger crisis

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The US department of agriculture and the US Agency for International Development will distribute $1bn (R19.22bn) in US commodities to countries with high hunger rates, the agencies said on Thursday.

10

Contingency reserves won’t be spent on Eskom and Transnet: Godongwana

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South Africa will use future drawdowns of its Gold and Foreign Exchange Contingency Reserve Account to curb its debt burden, says finance minister Enoch Godongwana.

09

Tata plans JLR EV imports to India under new policy: sources

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India's Tata plans to import its Jaguar Land Rover luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, two Indian government sources said.

Thursday, Apr 18

22

Limpopo community uses land gained back through restitution to create game farming jobs

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The community’s Ndou Safaris boasts four of the big five, and its lodges have created 150 jobs

All you need to know about Esperance and Sundowns’ semifinal away leg

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Downs will have high hopes in their semifinal tie against Espérance to be played in Tunis on Saturday night

Independent Louis Liebenberg says his entry into politics 'is long overdue'

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A diamond dealer, Liebenberg launched his political campaign as an independent candidate in Rosebank, Johannesburg, on Thursday.

20

Helen Suzman Foundation rejects white paper on immigration legislation

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The Helen Suzman Foundation has rejected the adoption by the cabinet of the final white paper on citizenship, immigration and refugee protection while the African Diaspora Forum believes it is a mechanism to frustrate asylum seekers.

17

Shesha e-hailing service wants to revolutionise how South Africans ride

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Shesha (“hurry” in Zulu) is a new South African-owned e-hailing service. Its owners say it’s set to revolutionise the way South Africans ride and drive and disrupt the traditional landscape through a focus on safety and unique benefits for…

14

Nine things to know about Champagne ahead of the festival

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The Champagne & Bubbles Festival in Sandton is your chance to taste some of the finest French bubbles

Xiaomi says sales of SU7 three to five times higher than expected

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Sales of Chinese smartphone maker Xiaomi's first electric car have been 3-5 times higher than expected, CEO Lei Jun said on Thursday, as the company began delivering standard versions of the so-called SU7 to buyers ahead of schedule.

12

Tata to use new $1bn plant to make Jaguar Land Rover cars: sources

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India's Tata will manufacture Jaguar Land Rover (JLR) luxury cars at a $1bn (R19.03bn) plant it is planning to build in the southern state of Tamil Nadu, two sources with direct knowledge of the matter said.

11

Electric Maserati Grancabrio Folgore delivers silent top-down cruising

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Maserati has unveiled an electric Folgore version of its Grancabrio drop-top grand tourer, two months after the petrol version made its global debut.