Musk seeks up to $134 billion from OpenAI and Microsoft

Elon Musk attends the US-Saudi Investment Forum in Washington, D.C., US, November 19, 2025. Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, saying he deserves the “wrongful gains” that they received from his early support, according to a court filing on Friday. OpenAI gained between $65.5 billion and $109.4 billion from…

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Former IDT CEO must still face the music despite resigning: Minister

Former Independent Development Trust CEO Tebogo Malaka. Public Works and Infrastructure Minister Dean Macpherson has called on law enforcement to expedite criminal investigations against former Independent Development Trust (IDT) CEO Tebogo Malaka, saying her resignation should not shield her from accountability. Malaka was suspended from the IDT in August last year following the release of an independent PwC report into…

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SA government officials set to participate in WEF Annual Meeting

President Cyril Ramaphosa in the World Economic Forum (WEF) Annual Meeting. The Government of South Africa represented by Cabinet Ministers and senior government officials, will participate in the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland from 19 to 23 January 2026 under “A Spirit of Dialogue” theme.  The delegation will be led by the Minister of Finance, Mr Enoch Godongwan and…

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Airlink suspends Hoedspruit flights amid severe flooding

An Airlink aircraft. Some holidaymakers in the Kruger National Park area may have their travel plans upended. Airlink says it has suspended all flights to and from Hoedspruit in Limpopo. This is due to severe floods which have left many roads impassable and, in the process, restricting access to the airport. The Hoedspruit Airport serves…

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Minister Tau welcomes approval of AGOA Extension Bill

Workers at a clothing factory Trade, Industry and Competition Minister Parks Tau has welcomed the approval of the African Growth and Opportunity Act (AGOA) Extension Bill by the US House of Representatives.  According to the statement released by the department, the approved bill proposes reauthorization of AGOA with all beneficiaries included for three years until 2028.   The…

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Global central bankers defend Fed’s Powell after Trump threat

Federal Reserve Board Chair Jerome Powell Central Bank chiefs from around the world lined up in support of Federal Reserve chair Jerome Powell on Tuesday, issuing an unprecedented statement of solidarity after the Trump administration threatened him with a criminal indictment. Powell has been threatened with indictment over Congressional testimony he gave last summer about…

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Extension of AGOA may mean challenges for SA

AGOA US SA trade agreement Senior Agricultural Economist with the National Agricultural Marketing Council, Thabile Nkunjana says South Africa has to make some adjustments following the approval of the African Growth and Opportunity Act (AGOA) Extension Bill by the US House of Representatives. The draft legislation which would extend AGOA until December 2028, still needs…

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Festive season road fatalities rose in four provinces: Report

Transport Minister Barbara Creecy briefs the media. According to the preliminary data of the 2025/26 Festive Season Road Safety Report, road fatalities increased in Gauteng, Mpumalanga, the Northern Cape, and the Western Cape. Transport Minister, Barbara Creecy revealed this during a media briefing at the GCIS, Ronnie Mamoepa Centre in Pretoria. According to the report,…

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