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Month: May 2026

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The Fed Has a New Chair. For South Africa, the Consequences Begin Now.
Posted inOp-Ed & Analysis

The Fed Has a New Chair. For South Africa, the Consequences Begin Now.

On May 13, 2026, the United States Senate confirmed Kevin Warsh as the 17th Chair of the Federal Reserve in a 54-45 vote, the most partisan confirmation of a Fed…
Posted by Dr. Sofia Alvarez Dr. Sofia Alvarez May 15, 2026
Rand Slides 1% as Oil Tops $107 and Trump Confirms China Energy Deal at Beijing Summit
Posted inMarkets & Economy

Rand Slides 1% as Oil Tops $107 and Trump Confirms China Energy Deal at Beijing Summit

The South African rand fell sharply in early trade on Friday, sliding approximately 1% against the dollar to R16.64, as a combination of surging oil prices, a strengthening greenback, and…
Posted by Marcus Leighton Marcus Leighton May 15, 2026
Barrick Confirms Lumwana Super Pit Stays on Time and Budget as $2 Billion Copper Expansion Hits Key Construction Milestones
Posted inIndustry Sectors

Barrick Confirms Lumwana Super Pit Stays on Time and Budget as $2 Billion Copper Expansion Hits Key Construction Milestones

Barrick Mining Corporation has confirmed that construction at the Lumwana Super Pit copper expansion in Zambia's North-Western Province advanced on time and on budget through the first quarter of 2026,…
Posted by Thabo Khumalo Thabo Khumalo May 14, 2026
Trump and Xi Open Beijing Summit with Strategic Stability Framework, Trade Commitments, and a Sharp Warning on Taiwan
Posted inGlobal Affairs

Trump and Xi Open Beijing Summit with Strategic Stability Framework, Trade Commitments, and a Sharp Warning on Taiwan

The most consequential bilateral meeting in nearly a decade opened at Beijing's Great Hall of the People on Thursday, as United States President Donald Trump and Chinese President Xi Jinping…
Posted by Jonathan Reed Jonathan Reed May 14, 2026
Buhler and Andritz Anchor SADC Food Value Chain Drive as AFMASS Expo Opens in Lusaka
Posted inFood

Buhler and Andritz Anchor SADC Food Value Chain Drive as AFMASS Expo Opens in Lusaka

Lusaka became the focal point of Southern Africa's agribusiness calendar today as the AFMASS Food Expo Zambia and Southern Africa 2026 opened its doors at the Radisson Blu Hotel, drawing…
Posted by Isabella Conti Isabella Conti May 13, 2026
Prosus Raises $395 Million from Delivery Hero Stake Sale to Hong Kong’s Aspex in Forced EU Divestment
Posted inFinance

Prosus Raises $395 Million from Delivery Hero Stake Sale to Hong Kong’s Aspex in Forced EU Divestment

Prosus NV, the Amsterdam-listed technology investment group with a primary listing on the Johannesburg Stock Exchange, has agreed to sell a 5% stake in German food delivery company Delivery Hero…
Posted by Daniel Rothman Daniel Rothman May 13, 2026
South Africa’s Parliament Activates Impeachment Committee Against President Ramaphosa as Constitutional Court Overturns 2022 Vote
Posted inDecisions & Impact

South Africa’s Parliament Activates Impeachment Committee Against President Ramaphosa as Constitutional Court Overturns 2022 Vote

South Africa's National Assembly moved on Monday to establish a formal impeachment committee to investigate President Cyril Ramaphosa, executing the direct order of the Constitutional Court after the apex court…
Posted by Victoria Mensah Victoria Mensah May 12, 2026
Four Major Law Firms Force Gauteng High Court to Decide the Future of South Africa’s B-BBEE Legal Sector Code
Posted inCompliance & Legal

Four Major Law Firms Force Gauteng High Court to Decide the Future of South Africa’s B-BBEE Legal Sector Code

The Gauteng High Court in Pretoria has concluded a full week of oral arguments in one of the most consequential compliance battles the South African legal profession has ever faced.…
Posted by Naledi Mokoena Naledi Mokoena May 11, 2026
Muhoho Kenyatta’s $154 Million NCBA Stake to Become JSE-Listed Wealth as Nedbank’s $855 Million Tender Offer Opens 28 May
Posted inBillionaire Tracker

Muhoho Kenyatta’s $154 Million NCBA Stake to Become JSE-Listed Wealth as Nedbank’s $855 Million Tender Offer Opens 28 May

The full scale of Muhoho Kenyatta's personal fortune inside Kenya's banking system has been disclosed publicly for the first time, and the number is significant. A May 4 circular issued…
Posted by Alexander Voss Alexander Voss May 10, 2026
Anthropic Secures 300MW and 220,000 Nvidia GPUs as Claude Capacity Scales Through SpaceX Colossus 1 Deal
Posted inTech & Innovation

Anthropic Secures 300MW and 220,000 Nvidia GPUs as Claude Capacity Scales Through SpaceX Colossus 1 Deal

Anthropic has locked in one of the most consequential compute agreements in the generative AI industry to date, signing a deal with SpaceX to take full occupancy of the Colossus…
Posted by Ethan Park Ethan Park May 10, 2026

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US Inflation Hits Two-Year High as PCE Data Reshapes Federal Reserve Rate Expectations
US inflation reached its highest annual level since 2023, but softer monthly price growth prompted investors to trim expectations for an immediate Federal Reserve rate hike, pushing the dollar and Treasury yields lower.
US Inflation Hits Two-Year High as PCE Data Reshapes Federal…
June 25, 2026
BP Secures 10% Stake in UAE’s Bab Gas Cap Project as ADNOC Advances 1.5 Billion Cubic Feet Per Day Gas Development
BP has joined ADNOC's Bab Gas Cap project with a 10% stake, supporting a natural gas development expected to produce up to 1.5 billion cubic feet per day and strengthen the UAE's industrial energy capacity.
BP Secures 10% Stake in UAE’s Bab Gas Cap Project…
June 25, 2026
India and UK Launch High-Level Talks Ahead of July Trade Pact Rollout
India and the UK are moving from negotiation to implementation as senior officials meet ahead of the July launch of their landmark bilateral trade agreement.
India and UK Launch High-Level Talks Ahead of July Trade…
June 25, 2026
Karnataka Backs 10,500 Food Processing Units, Creates Up to 100,000 Jobs in Rural Food Economy Push
Karnataka says support for more than 10,500 food processing businesses has helped create up to 100,000 jobs, highlighting the growing role of value-added agriculture in economic development.
Karnataka Backs 10,500 Food Processing Units, Creates Up to 100,000…
June 24, 2026
South Africa Upgrades Financial System Processing R584 Billion Daily as Reserve Bank Accelerates SAMOS Modernisation
South Africa's Reserve Bank is upgrading the SAMOS settlement platform that processes approximately R584 billion daily, reinforcing the country's role as Africa's leading financial infrastructure hub.
South Africa Upgrades Financial System Processing R584 Billion Daily as…
June 24, 2026
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