Prosus's chief investment officer to step down
Dutch technology investor Prosus announces the departure of Ervin Tu, its President and Chief Investment Officer, as the company undergoes a significant strategic transformation under CEO Fabricio Bloisi.
Early whalebone tools show inventiveness of prehistoric people
Artifacts found at archeological sites in France and Spain along the Bay of Biscay shoreline show that humans have been crafting tools from whale bones since more than 20 000 years ago, illustrating anew the resourcefulness of prehistoric people.
Sheepdog named Panda claims Palm Dog award at Cannes
Guests at the popular Palm Dog awards at Cannes last weekend used their time in the spotlight to roll around on stage and bark at the competition.
Anglo American's platinum spinoff lists in Johannesburg as Valterra
Valterra Platinum, the world's largest platinum miner by value, makes its trading debut on the Johannesburg Stock Exchange, marking a significant milestone in the mining sector as it spins off from Anglo American.
AfDB cuts Africa's 2025 growth forecast on trade tariffs uncertainty
Africa's economic growth is projected to rise to 3. 9% this year, but the African Development Bank warns of uncertainties due to US trade tariffs, leading to a downgrade in its 2026 forecast.
US spectacle a sideshow for investors
The true test for Africa's most industrialised nation, investors say, will be whether its coalition government can survive long enough to bolster lacklustre growth and contain debt.
Trump, Cyril in White House showdown
President Cyril Ramaphosa faced an unexpected challenge from Donald Trump in the Oval Office, as the US president presented controversial claims about white genocide in South Africa, turning a diplomatic meeting into a heated debate over land rights and racial tensions.
Trump refuses to back down on white genocide claims in South Africa, ambushes Ramaphosa with 'evidence'
"People are fleeing South Africa for their own safety. Their land is being confiscated, and in many cases, they're being killed," said Trump in one of a series of accusations.
Ramaphosa’s US visit could pave way for Musk’s Starlink
Ramaphosa's spokesperson told Reuters that licensing for Starlink would be discussed during the Washington visit.
US shifting Africa strategy to 'trade, not aid', envoy says
US envoys in Africa will now be assessed based on commercial agreements rather than aid expenditures, marking a significant shift in US policy towards the continent.
HIV patient testing falls in South Africa after US aid cuts, data shows
Testing and monitoring of HIV patients in South Africa have sharply declined following US aid cuts, raising concerns about the future of HIV management in a country already grappling with the highest burden of the virus.
Nigeria's economy grows strongly amid high inflation, World Bank says
Nigeria's economy experienced its fastest growth in a decade in 2024, driven by significant fiscal reforms, yet high inflation continues to pose challenges, according to the World Bank
Egypt's Suez Canal mulls discounts on transit fees to bring back traffic
Amidst declining revenue due to Houthi attacks, Egypt's Suez Canal Authority is contemplating discounts on transit fees to restore shipping traffic.
Oil prices steady as market weighs US-China trade developments
Oil prices remained stable on Tuesday, influenced by rising supplies and uncertainty surrounding the U. S. -China trade negotiations, as analysts assess the implications of a temporary truce.
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.