financial

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Business

Joburg, Standard Bank back entrepreneurs

The City of Joburg, in collaboration with Standard Bank, announces a R250 million fund open to contractors of small businesses.

Internet

Wright backs away from Bitcoin claims

The entrepreneur who claims he is the enigmatic creator of the cryptocurrency says he will no longer provide further evidence.

Business

Facebook loses first round in biometric lawsuit

The social network loses the first round in a court fight against some users who sued it for "unlawfully" storing their biometric data.

Financial

Ford invests $182m in software firm

The Pivotal Software investment will help Ford boost its software capabilities as connected and self-driving cars edge closer to reality.

Business

Graduate scoops R100k start-up boost

Martin Smuts is the first recipient of the Mandela Bay Entrepreneur Fellowship for the growth of his company, Avinci Consult.

Financial

Tesla plans half a million cars for 2018

The motor company will step up production plans for its Model 3 sedan and build a total of 500 000 all-electric vehicles in 2018.

Hardware

India rejects Apple's refurbished iPhones

The Indian government vetoes a plan by Apple to sell second-hand, refurbished iPhones in the country.

Financial

Mixed reaction to Einhorn's Yelp stake

Social media sentiment signals scepticism about the business review site's longer-term prospects and David Einhorn's prowess as a stock picker.

Financial

Wall St values Tesla at $620k per car

Tesla's market capitalisation is currently about $31 billion – equivalent to $620 000 for every car it delivered last year.



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