Markets, deals, and economic news from Reuters and Business Live.
Apple hikes some prices by nearly 20% while Xbox raises console cost
Apple and Xbox are raising prices by up to 20% due to soaring component costs, with Apple calling the increase unprecedented in speed and scale.
Read full story →African Bank’s transformation comes at a cost
African Bank's interim CEO Zweli Manyathi says the bank's turnaround strategy requires tough decisions in a tough market. The repositioning includes new leadership to better serve customers over the next half year.
Read full story →The true cost of a decent living wage in SA
South Africa's Living Wage Network chair says employers must raise pay standards to ensure workers can afford basic needs with dignity. Professor Ines Meyer outlines specific indicators for calculating fair wages that improve quality of life across the country.
Read full story →Itac defends decision to maintain wheat reference price
Itac maintained its wheat price floor despite criticism from GrainSA, with chief commissioner Ayabonga Cawe defending the decision as flexible enough to support the sector while managing market stability.
Read full story →Digital investing: Expanding access to wealth creation
Digital platforms are using game-like features to get more South Africans investing. Liberty's Ryan Switala says gamification makes wealth-building more engaging and accessible to ordinary people seeking financial growth.
Read full story →Namibië sê weer nee vir Starlink
Namibia has again rejected Elon Musk's Starlink satellite internet service, citing concerns over foreign control and local competition. The decision reflects ongoing tensions between the government and international tech companies operating in the country.
Read full story →Daar is lewe in die boubedryf
South Africa's construction sector is showing signs of recovery, according to economist Dr Roelof Botha. The industry, which has struggled in recent years, is beginning to attract new investment and create jobs again.
Read full story →Vervaardigerspryse styg meer as wat verwag is
Producer prices jumped higher than forecasted, signalling potential inflation pressures ahead. This could prompt the Reserve Bank to reconsider its interest rate stance. Consumers may face steeper costs for goods and services soon.
Read full story →IBM hails new 'block of flats' design breakthrough for ultra tiny chips
IBM claims a breakthrough in ultra-small chip design using a new "block of flats" structure below 1 nanometre. The technology won't reach production for several years, but could eventually power faster, more efficient devices.
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