Lessons SA can take from Spain’s turnaround
Izak Odendaal from Old Mutual Wealth Investment explores how the best-performing big economy in Europe bounced back from a devastating economic crisis in the early 2010s.
OpenAI makes AI safety changes in wake of hugging face breach
Plans to do more to track how its most capable unreleased models are working through problems and using various online tools, with the goal of alerting safety teams to worrying behaviour within 30 minutes.
Copper holds loss as deliveries to LME mitigate supply crunch
Benchmark three-month copper futures on the LME fell as much as 0.5% before paring losses to trade at $13 976 a ton as of 11:02 a.m. in Shanghai.
Five grain ships struck near Russian Black Sea ports
Russia and Ukraine have stepped up attacks on each other’s commercial ships and ports in the Black Sea area, raising concerns about global grain supplies.
Gold edges higher as US bond yields stabilise after surge
Spot gold was 0.5% higher at $4 357.07 an ounce at 11:34 a.m. in Singapore.
Absa delivers – and still looks cheap
Analysis of Spain’s economic turnaround and the lessons SA can take from its recovery, plus a look at why medical savings accounts run out so quickly.
Oil advances for fourth day with US and Iran locked in stalemate
Brent for October settlement climbed 0.7% to $91.61 a barrel at 11:41 a.m. in Singapore.
Who pays when a country runs out of options?
Growth alone is not enough …
SA is overlooking solar technology that can keep generating electricity after sunset
It already has several private ‘concentrating solar power’ plants – which use mirrors and direct sunlight – but no new projects have been approved since 2014.
eThekwini housing contracts in Phoenix ruled unlawful
Three companies may not start building new dwellings but may finish those under construction.