First white South Africans to arrive under US refugee plan as soon as next week
President Trump's administration is set to bring a group of white South Africans to the US as refugees, a move that has sparked controversy amid a broader immigration crackdown
US grossly undermines SA, says Presidency
The South African government has rejected US claims of refugee status for Afrikaners, asserting that such actions undermine national sovereignty.
Grocery chain OK Zimbabwe's majority shareholders back $30 million rights issue, CEO says
OK Zimbabwe Ltd's majority shareholders have agreed to a $30 million rights issue aimed at addressing a funding gap and stabilising the company's financial position amid increasing competition from smaller retailers.
Grocery chain OK Zimbabwe's majority shareholders back $30 million rights issue, CEO says
OK Zimbabwe Ltd's majority shareholders have agreed to a $30 million rights issue aimed at addressing a funding gap and stabilising the company's financial position amid increasing competition from smaller retailers.
South African rand hits five-week high lifted by Eskom's power outlook
The South African rand has strengthened to its highest level in five weeks, buoyed by Eskom's optimistic power outlook for the winter months, despite ongoing challenges in the energy sector
South Africa's DA party fights new racial targets for employers
The DA also says it discourages companies from growing because those with 50 or fewer employees are exempt. Firms larger than that need to obtain a compliance certificate or justify their failure to meet the targets in order to do business with the state.
MTN South Africa aims to boost 4G adoption with budget smartphones
MTN South Africa announces a phased initiative to distribute 1. 2 million affordable 4G smartphones to prepaid customers, aiming to support digital adoption as the country transitions from 2G and 3G networks.
OPEC+ agrees another accelerated oil output hike for June
OPEC+ sources have said Saudi Arabia is pushing OPEC+ to accelerate the unwinding of earlier output cuts to punish fellow members Iraq and Kazakhstan for poor compliance with their production quotas.
Pope Francis' funeral will feature huge security operation in Rome
More than 200 000 people are expected to attend Pope Francis' funeral, taking place on Saturday in the huge Vatican square that sits in front of the Basilica of St. Peter, Rome's public transport company said.
Tanzania bans agriculture imports from South Africa, Malawi
Malawi had recently banned imports of Tanzanian commodities like maize flour, rice, ginger, and bananas, among others, while South Africa has also proscribed the import of bananas shipped by Dar es Salaam.
South African pharma company Aspen's shares plunge day after profit warning
Aspen said it related to a manufacturing and technology agreement with a contract manufacturing customer for mRNA products, saying details were subject to contractual confidentiality.
Vedanta weighs US listing to raise $1bn for Zambian copper assets
The miner, owned by Indian billionaire Anil Agarwal, has hired Barclays and Citigroup to advise on the plans for an initial public offering, said the sources, who declined to be named due to sensitivity around the discussions.
PwC shuts operations in nine African countries
The accounting firm directed Reuters to the statement in response to queries on a Financial Times article published earlier in the day that said PwC had exited multiple countries that were deemed too small, risky or unprofitable.
Renewables provided record 32% of global electricity in 2024, Ember says
Renewable power generation reached a historic 32% of global electricity in 2024, according to Ember's report released Tuesday. This milestone comes despite a 4% surge in overall electricity demand driven by heatwaves and data centres. Energy experts suggest that growing security concerns and trade tensions could actually accelerate the shift toward renewables as countries seek energy independence through wind and solar power.
China sticks to its guns as fresh US tariff threat pushes tensions to the brink
China has vowed to 'fight to the end' against escalating US tariffs as tensions mount between the world's two largest economies. With potential US duties on Chinese goods reaching 104% by Wednesday, President Xi Jinping faces mounting pressure to respond while Chinese exporters brace for significant disruption to global supply chains.
Spotify royalty payouts to Nigerian, South African artists boom in 2024
Spotify's payments to Nigerian and South African artists have skyrocketed, with Nigerian musicians receiving over $38 million in royalties last year – more than double from 2023. As global interest in African music grows, artists like Tyla and Burna Boy are leading the continent's musical export boom.
Chinese brain chip project speeds up human trials after first success
China's ambitious brain chip project, Beinao No. 1, aims to implant its technology in 13 patients this year, potentially surpassing Neuralink in the race for brain-computer interface advancements.
Elon Musk's xAI acquires social media platform X, valued at $33bn
Elon Musk's xAI has acquired social media platform X for $33 billion, enabling shared valuation among co-investors and enhancing the capabilities of its chatbot, Grok
Some Won’t Survive: US cuts threaten Africa’s young HIV patients
US funding cuts have led to severe rationing of HIV medication in Kenya, leaving countless young patients like Alice Okwirry in desperate need, while millions of life-saving doses remain unused in warehouses, while the future of HIV treatment hangs in the balance
US Treasury's Bessent lays out plans to reshape global trade, ease bank regulations
US Treasury Secretary Scott Bessent reveals ambitious plans to transform international trade relations through tariffs, while announcing major banking deregulation initiatives and stricter Iran sanctions. The administration's economic vision focuses on protecting American interests and reforming financial oversight.
Analysis: Investors spy the dawn of a tectonic shift away from US markets
As global economic dynamics evolve, investors are increasingly looking beyond US markets for opportunities. This analysis explores the key factors driving this significant shift and what it means for the future of international investment.
Why can’t I sleep? 4 ways climate change could be keeping you up at night and what you can do about it
Rising temperatures aren't just heating up the planet – they're disrupting our sleep patterns too. From heatwaves to climate anxiety, discover how environmental changes are affecting your sleep quality, and learn practical, cost-effective solutions to ensure better rest in our changing world.
Healthcare systems buckle under weight of global obesity burden
As the world marks World Obesity Day, the global health crisis continues to deepen, particularly in developing nations where healthcare systems are struggling to cope. Recent studies paint a concerning picture of a challenge that affects billions worldwide, with low- and middle-income countries bearing an increasingly heavy burden.
Bitcoin up by a fifth after Trump lists reserve tokens
Bitcoin's value skyrockets by 20% as Trump unveils plans for a strategic cryptocurrency reserve, igniting market enthusiasm
Buffett’s Berkshire posts record profit on insurance, investments
Buffett singled out Todd Combs, Geico’s chief executive since 2020 and also a Berkshire investment manager, saying he has “reshaped Geico in a major way” by increasing efficiency and improving underwriting, though more work remains.