Business News

‘I thought Uber drivers were bad at picking me up.’ Trevor Noah makes fun of new Tesla feature

Tesla’s Smart Summon feature was captured making some pretty egregious errors when it was released this week. Videos spread rapidly online showing cars running stop signs, nearly causing accidents, and even hitting a garage. Comedian Trevor Noah asked on “The Late Show” Wednesday night what would happen if an owner accidentally summoned their car while they were…

Long road ahead for floundering PIC

16:54 03/10/2019 Lameez Omarjee, Fin24 The Public Investment Corporation is working on boosting staff morale and restoring its image, but interim chair Reuel Khoza says “much more” must be done to rebuild it after two governance interventions and a year of intense public scrutiny. In his address in the asset manager’s annual report for the…

SAA suspends head of HR

21:22 03/10/2019 Marelise van der Merwe and Carin Smith SAA has suspended its executive responsible for human resources. “There is currently no basis for SAA to disclose the circumstances around her suspension,” SAA spokesperson Tlali Tlali told Fin24 on Thursday evening. Subscribe to Fin24’s newsletter here”It is important that we preserve the integrity of the processes…

Rand firms as dollar, stocks fall

The dollar fell as weak US data deepened concerns over economic growth and bolstered bets for further interest rate cuts by the Federal Reserve. Picture: EWN JOHANNESBURG – The rand firmed on Thursday thanks to a weaker dollar, as investors fretted that weakness in the US manufacturing and service sectors could herald a slowdown in…

Discovery targets mental health with rewards plan

The insurer said the aim was both, to make its clients healthier and over time bring down the cost of claims. Picture: Supplied JOHANNESBURG – Discovery is targeting 500,000 insurance clients in South Africa to take regular surveys on their mental health in an extension of a programme which rewards “good” behaviours.The South African insurer’s…

uBiome to cease operations and liquidate: Chapter 7 bankruptcy

The Silicon Valley microbiome-testing startup uBiome filed for bankruptcy protection earlier this month after months of challenges and setbacks.Now, uBiome is shutting down.The startup is converting from chapter 11 to chapter 7 bankruptcy, which means it’ll cease operations and liquidate, according to documents that Business Insider viewed.uBiome once convinced Silicon Valley that testing poop was…

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