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Economics at timeslive.co.za

Tuesday, Jul 2

22

'How do I apply?' Social media users rush to Investec as bank sets minimum pay at R21,000 a month

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Investec's recent announcement to set a minimum pay of R21,000 per month, or R250,000 per annum, for its South African employees has sparked a flurry of interest on social media.

20

Petrol price to drop for second straight month, by more than R1 a litre

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Motorists will wake up to good news on Thursday morning as the price of fuel drops

16

Polestar posts loss, plans steps to offset tariffs on China-made EVs

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Electric vehicle maker Polestar said it will have to take steps to offset hefty EU and US import tariffs on its Chinese-made electric cars as it posted a first-quarter operating loss on Tuesday.

German battery market challenged by dip in EV demand: ZVEI

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Production and trade in Germany's battery sector this year hinge largely on whether a dip in the appeal of battery-electric cars can be overcome, trade group ZVEI said on Tuesday, after presenting positive figures for last year.

15

JAC Motors extends service intervals of T9 and T8 models

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JAC Motors South Africa on Tuesday announced it is extending the service intervals of its T9 and T8 double-cab bakkie models fitted with 2.0-litre turbodiesel engines.

14

Maserati hits the water with luxury all-electric powerboat

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Maserati has collaborated with Vita Power to launch Tridente, an all-electric powerboat, as part of its electrification strategy.

UK court gives mixed ruling in Pfizer v Moderna Covid-19 vaccine patents case

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London's High Court on Tuesday ruled that one of Moderna's patents relating to technology key to the development of vaccines for Covid-19 was invalid, but that another was valid and had been infringed by Pfizer and BioNTech's rival vaccine.

13

JLR and Meridian extend audio collaboration

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JLR, the manufacturer of the Jaguar and Land Rover brands, has announced the extension of its long-term engineering collaboration with British audio brand Meridian to supply and develop high-performance in-car audio technology for its next…

EXPLAINER | What is China's planned financial stability law and how will it work?

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China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial institutions, as part of Beijing's broader efforts to prevent systemic financial risks in the world's second…

12

New Zealand to press ahead with media content pay law

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New Zealand's conservative coalition government will proceed with a bill that would make it compulsory for digital technology platforms to pay media companies for news, it said on Tuesday.

Seven ways social media can have a positive impact on your health

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While social media has plenty of downsides, it is believed it also has many benefits for health and well-being.

11

WATCH | Tesla gives its ‘unbreakable’ Cybertruck another beating

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Tesla owner Elon Musk took to his X platform on Monday to showcase the toughness of the Cybertruck.

10

Biden warns Supreme Court presidential immunity ruling is 'dangerous precedent'

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US President Joe Biden said on Monday the Supreme Court ruling on presidential immunity set a “dangerous precedent” that could turn presidents into kings and called on the American people to “dissent” by rejecting Donald Trump in November…

WATCH | 'I will make spinning biggest sport': Gayton McKenzie

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Newly appointed sport, arts and culture minister Gayton McKenzie aims to make car spinning one of the “biggest sports” in South Africa.

BYD posts 21% jump in quarterly EV sales, closes gap with Tesla

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China's BYD posted a 21% rise in second-quarter electric vehicle sales, closing the gap with Tesla after handing back the world's top EV vendor title to the US rival in the first quarter.

09

Ferrari launches battery replacement scheme to maintain performance and value of its cars

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Luxury sports car maker Ferrari on Monday announced two new warranty extension schemes allowing owners of its hybrid models to have the batteries in their vehicles replaced at given times.

Renault’s EV unit Ampere betting on LFP battery technology

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Renault's electric vehicle unit Ampere said on Monday it would include lithium iron phosphate technology in its plans to mass produce EVs, teaming up with LG Energy Solution and CATL to build a supply chain in Europe.

08

Al Jama-ah leader wanted deputy president post but happy with social development

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Al Jama-ah leader Ganief Hendricks says though he had his eye on the deputy president post he is happy with his appointment as social development deputy minister.

Monday, Jul 1

22

Matthews or Emeran? Prasa in a pickle after court rules in favour of axed CEO

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Fate of current CEO uncertain as labour court rules that former CEO's contract is still in force and sets aside Prasa's review application

21

US Supreme Court rules Trump has immunity for official, not private acts

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The US Supreme Court found on Monday that Donald Trump cannot be prosecuted for any actions that were within his constitutional powers as president, but can for private acts, in a landmark ruling recognising for the first time any form of…

16

These were the most popular car brands in a quiet-selling June

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South African new car sales continued their decline in June with the 40,072 units sold reflecting a 14% loss compared with the same month in 2023.

Labour court dismisses Prasa's bid to set aside reinstatement of Zolani Matthews

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The labour court has paved the way for axed Prasa CEO Zolani Matthews to possibly make a return to the entity as he ruled that his contract was still in force and set aside the rail agency's review application of an arbitration ruling made…

14

Transmission company has begun trading, Eskom confirms

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The National Transmission Company of SA has officially begun trading, Eskom, the NTCSA and the now-defunct department of public enterprises announced on Monday.

Kenya government committed to cutting spending, finance minister says

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Kenya's finance minister on Monday reaffirmed the government's commitment to cutting spending after the president suggested a nearly $2.7 billion budget gap caused by the withdrawal of proposed tax hikes would be funded by borrowing.

13

Meta charged with failing to comply with EU tech rules

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Meta Platforms was charged by EU antitrust regulators on Monday for failing to comply with landmark tech rules as they took aim at its newly introduced pay or consent advertising model.

When is the 'best time' to buy or sell a used vehicle?

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When selling or buying a pre-owned car, several factors come into play. However, one often overlooked aspect that can significantly affect these transactions is understanding the optimal times.

Inflation down in five German states, pointing to national decline

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Inflation fell in five important German states in June, preliminary data showed on Monday, suggesting that national inflation could decline this month.

12

Chinese robot 'guide dog' aims to improve independence for visually impaired

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It's less furry than a traditional companion, but a six-legged Chinese robot "guide dog" could one day help vision impaired people live more independently, according to its research development team in Shanghai.

Government spending breaks R2-trillion mark: where the money went

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The government spent R2.04-trillion in the 2022/2023 financial year, a rise of 6.1% from R1.92-trillion in 2021/2022, says Stats SA.

11

Porsche rated top premium brand in JD Power survey

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Porsche ranked highest among premium brands and seventh overall in the JD Power 2024 US Initial Quality Study released this week.