Category BreakingNews

Warning for anyone looking to move into estates and complexes in South Africa


BusinessTech


South Africans are downsizing properties for various reasons, including financial benefits and lifestyle changes. Downsizing to estates and complexes may come with higher costs, but offers amenities and convenience. Estate living is popular for its live-work-play environment, security, and access to various facilities. Downsizing trend not only for retirees but also for those seeking to benefit from property investments.



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How China’s New AI Model DeepSeek Is Threatening U.S. Dominance


CNBC


China’s DeepSeek AI lab has caused concern in Silicon Valley with its cost-effective AI models outperforming top American counterparts. The lab’s large-language model, developed in just two months for less than $6 million, has raised questions about the US’s AI dominance. DeepSeek’s model surpassed Meta’s Llama 3.1, OpenAI’s GPT-4o, and Anthropic’s Claude Sonnet 3.5 in third-party tests.



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S.Africa’s Richards Bay exports up 10% in 2024 amid rail improvement


CNBC AFRICA


South Africa’s coal exports from RBCT increased by 10% to 52.08 million tons in 2024, the highest in three years, due to improved freight rail performance. Transnet’s capacity issues led to a decline in exports in previous years. Some exporters noted better rail performance in 2024. Asia received the majority of exports, with India and Pakistan as key importers. Shipments to Europe declined to 3.54 million tons in 2024.



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Smith and Limberg raid: Parties call for suspension of Cape Town mayco pair


Daily Maverick


Political parties demand suspension of Cape Town councillors JP Smith and Xanthea Limberg (DA) after police raid on their offices. Mayor Geordin Hill-Lewis seeks briefing from SAPS to understand allegations. Smith is safety and security committee member, Limberg is energy committee member. ANC calls for suspension pending investigation, similar to past case.



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