Business

193 Posts
Citizen.co
Citizen.co
· May 7

Nsfas recovers over R850 million following SIU probe | The Citizen

The National Student Financial Aid Scheme (Nsfas) has recovered over R850 million after irregular payments to public universities and TVET colleges, following a Special Investigating Unit (SIU) probe. A total of R2.06 billion was identified for recovery, with institutions like the University of Fort Hare, University of Pretoria, University of...
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Business
Businessinsider
Businessinsider
· May 7

Netflix’s earnings report looked different this time around

Netflix reported a strong first-quarter earnings beat with earnings rising 25% to $6.61 per share and sales growing 13% to $10.5 billion, surpassing analyst expectations. For the first time, Netflix did not disclose quarterly subscriber numbers, shifting focus to ad sales and plans for sports and creator content as part...
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Business
Coindesk
Coindesk
· May 7

Bitcoin Races Above $97K on U.S./China Trade Deal Progress

U.S. Treasury Secretary Scott Bessent announced plans to meet Chinese officials in Switzerland to discuss trade issues, signaling a potential easing of tariffs between the two nations. China’s Ministry of Commerce confirmed their willingness to engage with the U.S. after assessing national interests and global expectations. The positive signals from...
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Business
Southafricatoday
Southafricatoday
· May 7

Electricity reforms ‘brought to life’ in updated electricity wheeling rules

The Department of Electricity and Energy in South Africa has released updated Regulatory Rules on Network Charges for Third-Party Transportation of Energy, known as the electricity wheeling framework. Minister Kgosientsho Ramokgopa described the framework as a significant reform aiming to diversify energy sources, reduce reliance on Eskom, and support energy...
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Business
Techmeme
Techmeme
· May 6

Sources: OpenAI reaches an agreement to acquire Windsurf, an AI coding tool formerly known as Codeium, for ~$3B; Windsurf was valued at $1.25B in August 2024

OpenAI has agreed to acquire Windsurf, an AI coding tool previously known as Codeium, for approximately $3 billion. Windsurf was valued at $1.25 billion as of August 2024, indicating a significant increase in valuation. This acquisition highlights the growing importance and investment in AI-driven code generation technologies. The deal is...
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AI
Businessinsider
Businessinsider
· May 6

Elon Musk’s X is looking for a PR pro to boost its image

Elon Musk’s social media platform X is seeking a new public relations leader to improve its strained relationship with advertisers and journalists. The PR role has been vacant since earlier this year and will work closely with CEO Linda Yaccarino, who is focused on rebuilding the company’s advertising business. X...
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Business
9to5google
9to5google
· May 6

Google pokes fun at Apple copying Pixel features ahead of iPhone 17 redesign [Video]

Google released a humorous ad titled “Responding to the Rumors” as part of its “#BestPhonesForever” campaign, joking about how Apple’s upcoming iPhone 17 reportedly copies features initially introduced by Google Pixel phones. The ad features a mock podcast between Pixel and iPhone discussing Pixel features like Night Sight, Magic Eraser,...
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