Nvidia is reportedly raising AI server prices by more than 15% as memory costs surge
Servers built around its AI chips are going up more than 15% from early next year, according to Bloomberg, because three companies cannot make memory fast enough.
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Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
MTN will spend R6 billion buying back its own shares after declaring no interim dividend
Underlying earnings rose 21.3%, the reported profit line fell on an Iranian writedown, and the money going back to shareholders comes as a buyback.
Eskom has reportedly cut its diesel bill by 83% as South Africa goes 462 days without load shedding
The emergency turbines that ran nearly 9% of the time last year are running about 1% of the time now, and the coal fleet is the reason.
Platinum lifted African Rainbow Minerals' earnings, and the rand took some of it back
The miner told the market its core earnings should land between R3.02bn and R3.29bn for the year to June, with full results due on 4 September.
Cell C's fastest-growing business rents its network to banks and retailers
Wholesale revenue rose 20% in the operator's first full year as a listed company, and an independent read of the numbers says one-offs did most of the rest.
Bitcoin surged 22% in its biggest week in over two years. Here’s what was behind the run.
The Treasury said it would double its buybacks of long-dated debt, yields fell, and the largest cryptocurrency added 22% over five days.
Big story
A Malaysian retail giant worth over R56 billion is rapidly expanding across South Africa
The Malaysian chain says it wants that at 20%, and has set out how it decides which South African suppliers get onto the shelf.
Trustco has been slapped with a R5 million fine after losing its fight against the JSE
The Financial Services Tribunal dismissed the company's reconsideration application on 20 August, which makes the censure and the penalty immediately enforceable.
The rand just hit its strongest level in six months, briefly breaking below R16 to the dollar
Washington said it would double its buybacks of long-dated debt, the dollar softened, and the rand traded below R16 for the first time in six months before easing back.
Amid South Africa’s influx of Chinese cars, Volkswagen just had its biggest production month ever
Volkswagen's Eastern Cape plant made 17 009 vehicles in July, most of them Polos for Europe, on a contract with a 2035 deadline and no replacement secured.
John Dory’s is down to 39 restaurants, and a tough year could put even more on the chopping block
The seafood chain's revenue fell 17.4% in a year when group revenue rose 8.5%, and the plan is to shrink it rather than sell it.
Cape Town's first superyacht marina has a day job for the off-season
The R230 million Quay 7 basin will berth eight yachts up to 90 metres in season and stage catamaran exports for the rest of the year.