In this episode of BizNews Daybreak, Alec Hogg covers the global tech shake-up and critical local stories moving the markets.
Top stories:
Musk’s New Titan: Elon Musk is merging SpaceX and xAI to create a "vertically integrated" tech giant valued at $1.25 trillion—essentially building data centres in orbit.
Palantir’s "Category of One": DA Davidson’s Gil Luria explains why Palantir has no competition, smashing the "Rule of 40" with a score of 127% and accelerating growth while peers slow down.
SA’s Tech Secret: ASP Isotopes CEO Paul Mann reveals how South Africa is producing the critical materials needed to keep Moore’s Law alive and power the next generation of semiconductors.
Local Industry Crisis: The DTIC runs out of funds for film incentives, leaving the local movie industry owed over R660m and facing a 50% contraction.
Markets: Gold stabilises after its collapse, the Rand holds at R16/$, and Bitcoin rebounds 5%.
Plus: A global backlash hits baby formula giants Nestle and Danone after a supply-chain toxin scare.