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.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
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.
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.
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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.
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.
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WhatsApp is about to start charging SA businesses for something that has always been free
Meta starts charging South African businesses for customer service replies on 1 October, and only publishes the rate card on 1 September.
Big story
South Africa has a new 5G network and it’s already covering more than a million homes
Comsol owns the spectrum, the network and the core; the internet providers own the customer, the price and the complaints.
Amazon says its drones will reach nearly 500 US cities and towns, each hub covering 175 square miles
Each Prime Air hub covers about 175 square miles, and every community inside that range still has to approve the service for itself.
A South African gold miner made R4.3 billion from mine waste other companies left behind
The tailings retreatment group nearly doubled earnings to R4.25 billion, then used the results stage to ask its rivals to open their dumps to it.