Musk says a tunnel will move you between Austin and San Antonio in under 30 minutes
The post named a speed and a journey time, and left out the route, the cost, the timeline and the government partner.
Business Bagel News
Daily news from the Business Bagel desk — the markets, money and company stories shaping South Africa, reported fast and kept clear.
Editor’s pick
Electricity is heading for ten times its 2008 price, while everything else sits at two and a half
For the two decades before 2008 Eskom's price rose slower than inflation, and for the eighteen years since it has risen roughly three times faster.
Big story
One share rose 23% on Friday and another fell 11%, and neither company had announced a thing
A committee decision taken on 2 September moved JSE shares on Friday without a single company announcement, and how far each one moved came down to how much of it was available to buy.
Australia's Treasury has cut its 40-year growth forecast, and it is counting on AI to hold up the rest
Fewer children, slower population growth and one productivity assumption of 1.2% a year that the report says the spread of AI is likely to support.
The gang that hit more than 600 companies in 2023 has just had its own leak site hacked
A rival extortion crew defaced the site Clop uses to publish stolen files, and says it now holds the keys to the address itself.
South Africa's biggest listed residential landlord raised its dividend 7%, helped by the apartments it is selling rather than letting
SA Corporate lifted its interim dividend to 13.92 cents a share while its residential arm kept selling flats out of the portfolio for more than they are carried at.
Lucky Star cannot get enough fish to fill its tins, and canned fish sales have dropped 9%
Oceana's local canning lines ran 60% below last year, and the same shortage of fish did far worse damage to the business nobody sees on a shelf.
Remgro's results carry the first real scorecard for the Vodacom fibre deal, and Vumatel's profit is up 57%
Four outlets each took a different number out of Friday's annual result, and the one nobody joined up is a fibre table.
Sasol is selling jet fuel made from used cooking oil, and the first buyer flies tourists to Antarctica
The fuel comes out of a refinery Sasol already owned, and the customer is a company charging $16 500 for a day trip to the ice.
The people who own SPAR's shops are choosing its next chairman, and head office says not so fast
The Guild that speaks for SPAR's independent retailers has named Phil Roux for the chair, and the board says nothing is confirmed.
Stitch has built a foreign-payments service for companies, and there is no crypto anywhere in it
South African businesses can now settle an offshore invoice in dollars through one provider, with the money landing the same day or the next.
Food Lover's Market told The Creamery to close in July, and customers have talked it out of it
All four Cape Town shops stay open, and the group that owns the brand will not yet say on what terms.