2026 – Page 28 – Billionaire Room

Rio Tinto Approves $473 Million Zulti South Expansion to Extend Richards Bay Minerals Mine Life to 2050

Rio Tinto has officially approved a $473 million (R8.7 billion) investment to develop the Zulti South mineral sands project in Richards Bay, marking a major step in securing long-term industrial…

Thabo Khumalo March 22, 2026

Finance

SES Prices €650 Million Hybrid Bond at 7.375% to Strengthen Balance Sheet and Fund Satellite Infrastructure

SES Raises €650 Million Through Hybrid Capital Issuance Global satellite communications operator SES S.A. has successfully priced €650 million in SPACE hybrid securities, reinforcing its balance sheet while securing long-term…

Daniel Rothman March 18, 2026

Compliance & Legal

SARS Launches New Online System for Income Tax-Exempt Institution Applications Across South Africa

South Africa’s revenue authority has introduced a new digital compliance process for organisations seeking income tax-exempt status, marking a shift in how nonprofit entities interact with the tax system. On…

Naledi Mokoena March 17, 2026

Billionaire Tracker

Canadian Billionaire Stephen Smith Acquires 26.9% Stake in The Economist Group, Marking First Ownership Shift in a Decade

Canadian billionaire financier Stephen Smith has acquired a 26.9% stake in The Economist Group, marking the most significant ownership change at the global media institution in more than a decade.…

Alexander Voss March 17, 2026

Tech & Innovation

NVIDIA Launches Vera Rubin AI Computing Platform With Seven New Chips to Power Next-Generation AI Factories

NVIDIA unveiled a new generation of AI computing infrastructure on 16 March 2026, introducing the Vera Rubin platform, a high-performance system architecture designed to power the world’s largest artificial intelligence…

Ethan Park March 17, 2026

Opportunities

Development Bank of Southern Africa Issues RFP 034/2026 for Legal Transaction Advisor for Gas IPP Procurement Programme Bid Windows 1 and 2

The Development Bank of Southern Africa (DBSA) has issued RFP 034/2026, inviting qualified legal advisory firms to submit proposals to serve as Legal Transaction Advisor for the Gas Independent Power…

Michael Adeyemi March 15, 2026

Op-Ed & Analysis

South Korea’s $350 Billion U.S. Investment Bill Signals the Next Phase of Supply-Chain Geopolitics

A New Industrial Alliance Between Washington and Seoul On 12 March 2026, South Korea’s National Assembly passed a bipartisan bill enabling a $350 billion investment commitment in strategic industries in…

Dr. Sofia Alvarez March 14, 2026

Global Affairs

Venezuela and Colombia Hold First High-Level Bilateral Talks After Maduro’s Ouster, Target Energy and Border Trade Revival

Senior officials from the governments of Venezuela and Colombia met in Caracas this week for their first high-level bilateral talks since the political transition in Venezuela, signaling an effort by…

Jonathan Reed March 14, 2026

Markets & Economy

US Consumer Sentiment Falls to 55.5 as Energy Prices Surge Above $3.63 per Gallon, Raising New Inflation Concerns

Energy Shock Begins to Hit Consumer Confidence U.S. consumer sentiment declined in early March 2026, highlighting the first measurable economic impact of rising energy prices triggered by escalating geopolitical tensions…

Marcus Leighton March 13, 2026

Industry Sectors

Scatec JV Lyra Energy Reaches Financial Close and Begins Construction of 255 MW Thakadu Solar Power Plant in South Africa

Large-Scale Private Solar Project Moves Into Construction Phase Norwegian renewable energy company Scatec, through its joint venture Lyra Energy, has reached financial close and officially begun construction of the 255-megawatt…

Thabo Khumalo March 13, 2026