2026 – Page 5 – Billionaire Room

World Bank Opens South Africa Adaptation Fund Evaluation Contract, Bids Close 24 June

The World Bank Group has highlighted an active procurement opportunity for consulting firms and evaluation specialists to conduct an ex post assessment of climate adaptation interventions implemented in South Africa…

Michael Adeyemi June 22, 2026

Markets & Economy

Gold Falls to Six-Week Low as Goldman Sachs Cuts Price Target to $4,900 and US Dollar Climbs to One-Year High

Gold closed at its lowest level in six weeks on Friday, June 20, retreating to $4,150 per troy ounce as a hawkish pivot by the Federal Reserve, a surging US…

Marcus Leighton June 21, 2026

Industry Sectors

Anglo American and EDF Power Solutions Complete South Africa’s 520 MW Koruson 2 Renewable Cluster as Hartebeesthoek Wind Farm Reaches Commercial Operation

South Africa's largest privately developed renewable energy project has reached full commercial operation this month, as the 140 MW Hartebeesthoek Wind Farm, the final component of Envusa Energy's Koruson 2…

Thabo Khumalo June 20, 2026

Global Affairs

US and Iran Sign 14-Point MOU as Burgenstock Implementation Talks Collapse on Day One

The United States and Iran have formalised a landmark Memorandum of Understanding, signed digitally on Wednesday, June 18, that commits both governments to a 60-day framework for ending hostilities, reopening…

Jonathan Reed June 20, 2026

Food

Ingredion’s $5 Billion Tate and Lyle Takeover Creates a 165-Country Specialty Ingredients Powerhouse

A landmark consolidation is reshaping the global food ingredients industry. Ingredion Incorporated, the NYSE-listed ingredient solutions provider headquartered in Westchester, Illinois, has reached a recommended all-cash agreement to acquire Tate…

Isabella Conti June 19, 2026

Finance

Dream Raises $260 Million at $3 Billion Valuation as Governments Race to Own Their AI Infrastructure

A Tel Aviv-based artificial intelligence and cyber defence company has closed one of the most significant government-technology funding rounds of 2026, signalling a structural shift in how institutional capital is…

Daniel Rothman June 19, 2026

Decisions & Impact

Kevin Warsh Holds Rates Steady at 3.50% to 3.75% in High-Stakes Fed Debut, Signals End of Easing Era

The Federal Reserve held its benchmark interest rate unchanged at 3.50% to 3.75% on Wednesday, June 17, 2026, in the first policy decision presided over by Chair Kevin Warsh since…

Victoria Mensah June 17, 2026

Compliance & Legal

EU Pay Transparency Directive Deadline Passes With Only 4 of 27 Member States Compliant, Leaving Multinationals in Legal Uncertainty

The legal landscape governing pay practices across the European Union shifted permanently on 7 June 2026, but not in the orderly fashion regulators had intended. The mandatory transposition deadline for…

Naledi Mokoena June 16, 2026

Billionaire Tracker

South African-Born Billionaire Patrick Soon-Shiong Tops Los Angeles Wealth Rankings With $8.4 Billion Fortune

South African-born biotech entrepreneur Patrick Soon-Shiong has officially emerged as the wealthiest individual in Los Angeles, with an estimated net worth of $8.4 billion, according to recent billionaire rankings highlighted…

Alexander Voss June 15, 2026

Tech & Innovation

SARS Deploys Agentic AI and Digital Tax Identities as Revenue Collections Exceed R2 Trillion

The South African Revenue Service (SARS) has unveiled a sweeping artificial intelligence-driven modernisation programme designed to automate tax administration, strengthen compliance, and accelerate digital service delivery across the country's revenue…

Ethan Park June 15, 2026