2026 – Page 12 – Billionaire Room

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…

Marcus Leighton May 15, 2026

Industry 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,…

Thabo Khumalo May 14, 2026

Global 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…

Jonathan Reed May 14, 2026

Food

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…

Isabella Conti May 13, 2026

Finance

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…

Daniel Rothman May 13, 2026

Decisions & 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…

Victoria Mensah May 12, 2026

Compliance & 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.…

Naledi Mokoena May 11, 2026

Billionaire 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…

Alexander Voss May 10, 2026

Tech & 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…

Ethan Park May 10, 2026

Spotlight

No, Johann Rupert Did Not Offer 67 Units for R10: Here Is What He Actually Did

A post circulating widely across South African social media platforms makes a striking claim: that billionaire Johann Rupert offered to supply South Africans with 67 units of electricity for R10,…

Magolego May 9, 2026