South Africa Statistics Chief Defends Jobless-Data Calculations
Capitec Bank Holdings Ltd. Chief Executive Officer Gerrie Fourie recently said that the unemployment rate — which was 32.9% for the first quarter and is among the highest globally tracked by Bloomberg — would be closer to 10% if self-employed people and those working in informal markets are counted, according to Business Day newspaper.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business of Fashion
12 minutes ago
- Business of Fashion
E-Commerce Firm Jumia Draws Takeover Interest From Axian
Jumia Technologies AG, the biggest e-commerce company in Africa, has drawn takeover interest from telecommunications company Axian Telecom, people familiar with the matter said. Axian, which is based in Mauritius and primarily offers telecommunications services in Africa, raised $600 million this week to refinance its debt and help fund a possible takeover of Jumia, the people said, asking not to be identified because the deliberations are private. No final decisions have been made and the companies may not come to an agreement, they said. Jumia has a market value of about $500 million. The deal would help both companies expand across the continent, the people said. Jumia, which started in Nigeria in 2012 and held an initial public offering in New York in 2019, could be delisted in any deal, they said. Axian has been building a stake in the company, and announced in May that it held 8 percent of shares. Representatives for Jumia and Axian declined to comment. Jumia's American depositary receipts jumped 5.7 percent to $4.25 at 10:54 a.m. in New York after earlier surging as much as 17 percent, the biggest intraday gain since May. The stock has risen 11 percent this year. Often referred to as the 'Amazon of Africa,' Jumia has had to do its own mapping in some of its markets and set up logistics networks to cater to a young and increasingly tech-savvy population that uses smartphones to bridge gaps in infrastructure and services. It was one of the first African companies to achieve 'unicorn' status with a valuation of more than $1 billion, but its shares have declined significantly since the IPO. By Loni Prinsloo Learn more: Jumia, Turkey's Hepsiburada Plan Africa E-Commerce Growth Push The Africa-focused online retailer and Turkey's Hepsiburada have partnered to expand their offerings across Africa, starting with Egypt and Morocco.
Yahoo
an hour ago
- Yahoo
Can Donald Trump deport Elon Musk? What we know about the Tesla, SpaceX CEO's citizenship
(This story has been updated to correct where President Trump answered questions regarding Elon Musk.) President Donald Trump's tour of a new temporary migrant detention facility in the Florida Everglades came with a press gaggle wondering about Elon Musk's criticism of Trump's since-passed "big, beautiful" tax and budget bill. The two have been squabbling publicly about it again. Tesla CEO, SpaceX founder and South Africa-born billionaire Elon Musk became a 'special' federal employee in February, allowing him to work for the federal government with or without pay for a limited time. Now, Musk is coming off the heels of a very public falling out with President Trump shortly after leaving his position as the head of the Department of Government Efficiency (DOGE) in May. Ahead of his Alligator Alcatraz visit, in an early-morning Truth Social post, Trump said that "without subsidies, Elon would probably have to close up shop and head back home to South Africa." As he boarded a helicopter on White House grounds en route to a Florida immigration detention facility, reporters asked the president whether or not he would deport Musk. He didn't directly answer. But had this to say: "We'll have to take a look," Trump said. "We might have to put DOGE on Elon. You know what DOGE is? DOGE is the monster that might have to go back and eat Elon. Wouldn't that be terrible? He gets a lot of subsidies." While there are some exceptions, according to the U.S. Office of Personnel Management, you generally must be a U.S. citizen to work for the federal government. And since supporting President Trump's 2024 campaign, flurries of comments on social media posts about Musk are often shrouded in questions about his citizenship status. Following the news of his short-lived job and due to his and President Donald Trump's strong views on immigration, "Is Elon Musk a U.S. citizen?" has been a popular question throughout Trump and Musk's relationship and subsequent falling out. The short answer is yes. Regardless of his current employment status (or lack thereof) with the Trump administration, it's still one of the most commonly asked questions about the wealthiest man in the world. Here's where Elon Musk's citizenship status stands, which countries he grew up in and where he currently lives. Musk and Trump: President Trump says he'll 'have to take a look' at deporting Elon Musk as feud reignites "Alligator Alcatraz" is the nickname for a detention center next to Everglades National Park at Miami-Dade Collier Training and Transition Airport, a 39-square-mile airport facility with a 10,500-foot runway. "This is gonna be able to have more than 3,000 illegals, can be processed through here," the governor recently told "Fox and Friends" co-host Steve Doocy as he showed off construction at the facility. "We've got a massive runway right behind us where any of the federal assets, if they wanna fly these people back to their own country, they can do it one-stop-shop." Protests sprung up against the new facility and have continued throughout its construction from activists concerned about harsh and cruel migrant treatment, environmentalists and conservationists concerned about what housing 3,000-5,000 people will have on the environmentally precarious Everglades, and from the Miccosukee and Seminole Tribe of Florida who have denounced the development of detainment camps on indigenous land. What to know: President Trump takes a trip to visit 'Alligator Alcatraz,' 8 things to know about the detention facility Musk left his position with DOGE at the end of May and, about a week later, on June 5, started posting accusatory tweets on his social media platform X, formerly Twitter. He berated Trump's 'big, beautiful bill,' calling it a 'disgusting abomination,' and even accused Trump of being involved with the late child sex trafficker Jeffrey Epstein in now-deleted posts on X. But on June 11, Musk posted on X, 'I regret some of my posts about President @realDonaldTrump last week. They went too far.' Musk hasn't changed his opinion about the bill yet, at least publicly. While Musk has deleted some of his more inflammatory posts about Trump, some of those posts about killing the bill are still up on his X profile. And it seems the feud has been reignited after Trump's comments on Musk at his Alligator Alcatraz visit on Tuesday, July 1. Musk and Trump's relationship: A timeline from campaign cash to 'disgusting abomination' 'Musk has been a U.S. citizen since 2002 according to a 2023 biography of Musk by journalist Walter Isaacson,' Politifact and CNN reported. Musk was born in Pretoria, South Africa, in 1971. His father, Errol Musk, is a South African businessman, politician, mine owner, consultant, and property developer. His mother, Maye Musk, is Canadian. Through her, Elon Musk also has Canadian citizenship. In his college years, Musk came to the U.S. on an Exchange Visitor Visa, which allows visa holders to teach, lecture, instruct, study, conduct research, consult, receive graduate training and more. In October, the Washington Post reported that Musk was — at one point — working illegally during his startup days in Silicon Valley, while he and his brother were creating PayPal. President Biden later echoed the Post's report, which went viral on X, Musk's social media platform formerly known as Twitter. Musk fired back on X, saying that he 'was in fact allowed to work in the U.S.,' and described his immigration journey as a 'gray area," CNN reported. Regardless of whether he was working illegally at the start of his career, Musk is now a U.S. citizen and maintains his primary residence in the U.S. This means it could be difficult for the Trump administration to find grounds for his deportation. Musk and Trump feud reignites: President Trump says he'll 'have to take a look' at deporting Elon Musk Musk was mostly raised in South Africa. He moved to Canada when he was 17 to study at Queen's University in Kingston, Ontario. In 1992, he transferred to the University of Pennsylvania in Philadelphia, where he graduated with bachelor's degrees in economics and physics. Yes, Elon Musk lives in the U.S. Currently, his main residence is in Boca Chica, Texas, the location of SpaceX Headquarters. He has a tiny home and a small two-bedroom home in the area, according to Architectural Digest. 'In 2021, Musk revealed in a post on X that he was living in a three-bedroom ranch, also in Boca Chica. He claimed to be renting the $50,000 property from SpaceX,' Architectural Digest reported in January. 'Like his tiny home, the property is a short drive from his company's beachfront launch site, SpaceX Starbase.' According to Forbes' real-time billionaires list, Musk is the richest man in the world as of Tuesday, July 1, 2025 with an estimated net worth of $398.3 billion (although Reuters puts him over $400 billion). He is worth more than $130 billion more than the next person in line, Oracle founder Larry Ellison. Forbes' current list of top billionaires is: Elon Musk, $398.3 billion Larry Ellison, $262.5 billion Mark Zuckerberg, $247.5 billion Jeff Bezos, $233.4 billion Warren Buffett, $152 billion Contributing: Kinsey Crowley, USA TODAY This article originally appeared on Palm Beach Post: Can Donald Trump deport Elon Musk? CEO's citizenship status
USA Today
an hour ago
- USA Today
Can Donald Trump deport Elon Musk? What we know about the Tesla, SpaceX CEO's citizenship
President Trump commented Monday about 'looking into' deporting Tesla and SpaceX CEO Elon Musk. Here's what we know about Musk's citizenship status. (This story has been updated to correct where President Trump answered questions regarding Elon Musk.) President Donald Trump's tour of a new temporary migrant detention facility in the Florida Everglades came with a press gaggle wondering about Elon Musk's criticism of Trump's since-passed "big, beautiful" tax and budget bill. The two have been squabbling publicly about it again. Tesla CEO, SpaceX founder and South Africa-born billionaire Elon Musk became a 'special' federal employee in February, allowing him to work for the federal government with or without pay for a limited time. Now, Musk is coming off the heels of a very public falling out with President Trump shortly after leaving his position as the head of the Department of Government Efficiency (DOGE) in May. Ahead of his Alligator Alcatraz visit, in an early-morning Truth Social post, Trump said that "without subsidies, Elon would probably have to close up shop and head back home to South Africa." As he boarded a helicopter on White House grounds en route to a Florida immigration detention facility, reporters asked the president whether or not he would deport Musk. He didn't directly answer. But had this to say: "We'll have to take a look," Trump said. "We might have to put DOGE on Elon. You know what DOGE is? DOGE is the monster that might have to go back and eat Elon. Wouldn't that be terrible? He gets a lot of subsidies." While there are some exceptions, according to the U.S. Office of Personnel Management, you generally must be a U.S. citizen to work for the federal government. And since supporting President Trump's 2024 campaign, flurries of comments on social media posts about Musk are often shrouded in questions about his citizenship status. Following the news of his short-lived job and due to his and President Donald Trump's strong views on immigration, "Is Elon Musk a U.S. citizen?" has been a popular question throughout Trump and Musk's relationship and subsequent falling out. The short answer is yes. Regardless of his current employment status (or lack thereof) with the Trump administration, it's still one of the most commonly asked questions about the wealthiest man in the world. Here's where Elon Musk's citizenship status stands, which countries he grew up in and where he currently lives. Musk and Trump: President Trump says he'll 'have to take a look' at deporting Elon Musk as feud reignites What is Alligator Alcatraz? "Alligator Alcatraz" is the nickname for a detention center next to Everglades National Park at Miami-Dade Collier Training and Transition Airport, a 39-square-mile airport facility with a 10,500-foot runway. "This is gonna be able to have more than 3,000 illegals, can be processed through here," the governor recently told "Fox and Friends" co-host Steve Doocy as he showed off construction at the facility. "We've got a massive runway right behind us where any of the federal assets, if they wanna fly these people back to their own country, they can do it one-stop-shop." Protests sprung up against the new facility and have continued throughout its construction from activists concerned about harsh and cruel migrant treatment, environmentalists and conservationists concerned about what housing 3,000-5,000 people will have on the environmentally precarious Everglades, and from the Miccosukee and Seminole Tribe of Florida who have denounced the development of detainment camps on indigenous land. What to know: President Trump takes a trip to visit 'Alligator Alcatraz,' 8 things to know about the detention facility Are Elon Musk and Donald Trump still friends? Musk left his position with DOGE at the end of May and, about a week later, on June 5, started posting accusatory tweets on his social media platform X, formerly Twitter. He berated Trump's 'big, beautiful bill,' calling it a 'disgusting abomination,' and even accused Trump of being involved with the late child sex trafficker Jeffrey Epstein in now-deleted posts on X. But on June 11, Musk posted on X, 'I regret some of my posts about President @realDonaldTrump last week. They went too far.' Musk hasn't changed his opinion about the bill yet, at least publicly. While Musk has deleted some of his more inflammatory posts about Trump, some of those posts about killing the bill are still up on his X profile. And it seems the feud has been reignited after Trump's comments on Musk at his Alligator Alcatraz visit on Tuesday, July 1. Musk and Trump's relationship: A timeline from campaign cash to 'disgusting abomination' Is Elon Musk a U.S. citizen? Can President Trump deport Elon Musk? 'Musk has been a U.S. citizen since 2002 according to a 2023 biography of Musk by journalist Walter Isaacson,' Politifact and CNN reported. Musk was born in Pretoria, South Africa, in 1971. His father, Errol Musk, is a South African businessman, politician, mine owner, consultant, and property developer. His mother, Maye Musk, is Canadian. Through her, Elon Musk also has Canadian citizenship. In his college years, Musk came to the U.S. on an Exchange Visitor Visa, which allows visa holders to teach, lecture, instruct, study, conduct research, consult, receive graduate training and more. In October, the Washington Post reported that Musk was — at one point — working illegally during his startup days in Silicon Valley, while he and his brother were creating PayPal. President Biden later echoed the Post's report, which went viral on X, Musk's social media platform formerly known as Twitter. Musk fired back on X, saying that he 'was in fact allowed to work in the U.S.,' and described his immigration journey as a 'gray area," CNN reported. Regardless of whether he was working illegally at the start of his career, Musk is now a U.S. citizen and maintains his primary residence in the U.S. This means it could be difficult for the Trump administration to find grounds for his deportation. Musk and Trump feud reignites: President Trump says he'll 'have to take a look' at deporting Elon Musk Where did Elon Musk grow up? Elon Musk's nationality Musk was mostly raised in South Africa. He moved to Canada when he was 17 to study at Queen's University in Kingston, Ontario. In 1992, he transferred to the University of Pennsylvania in Philadelphia, where he graduated with bachelor's degrees in economics and physics. Does Elon Musk live in America? Where does Elon Musk currently live? Yes, Elon Musk lives in the U.S. Currently, his main residence is in Boca Chica, Texas, the location of SpaceX Headquarters. He has a tiny home and a small two-bedroom home in the area, according to Architectural Digest. 'In 2021, Musk revealed in a post on X that he was living in a three-bedroom ranch, also in Boca Chica. He claimed to be renting the $50,000 property from SpaceX,' Architectural Digest reported in January. 'Like his tiny home, the property is a short drive from his company's beachfront launch site, SpaceX Starbase.' Is Elon Musk the richest man in the world? According to Forbes' real-time billionaires list, Musk is the richest man in the world as of Tuesday, July 1, 2025 with an estimated net worth of $398.3 billion (although Reuters puts him over $400 billion). He is worth more than $130 billion more than the next person in line, Oracle founder Larry Ellison. Forbes' current list of top billionaires is: Contributing: Kinsey Crowley, USA TODAY
