Walmart says it has received nearly $3 billion in tariff refunds — and used some of that windfall to cut prices for consumers strained by inflation. The refunds helped boost Walmart’s profit, according to the company’s quarterly earnings report Thursday. “Customers tell us they’re still feeling some pressure,” Walmart CEO John Furner said. “Having the…
When governments unveil annual budgets, headlines focus on the big numbers: spending, growth and tax collection. But sometimes the real story sits quietly in the technical annexes. Tanzania’s 2026/27 budget, due to take effect from July, includes plans for 6.3%GDP growth and the biggest spending plan in the country’s history while narrowing the deficit. Yet…
Optasia CEO Salvador Anglada Optasia will distribute more than US$6-billion in credit across its markets in 2026 – and it carries every cent of the default risk itself. In this episode of the TechCentral Show, CEO Salvador Anglada unpacks how the JSE’s biggest recent fintech listing actually works. Formerly known as Channel VAS, Optasia was…
Prakriti Singh, regional executive vice president for core payments at Mastercard Mastercard will not disclose what it earns when a transaction settles in stablecoins rather than over its card rails, and it will not predict whether AI shopping agents will grow or shrink the volumes moving across its network. What it will say – repeatedly…
With fewer than five years left to achieve the Sustainable Development Goals (SDGs), a new UN report says sustained investment and international cooperation have improved billions of lives, but warns that governments must urgently accelerate action if the goals are to be met by their 2030 deadline. The findings come from the 2026 SDG Progress…
African leaders have warned that poor access to clean water and sanitation is costing the continent billions of dollars annually while deepening poverty, disease, and inequality. Speaking at a conference in Kigali on Sunday, May 24, to mark the 62nd African Liberation Day, Speaker of the Chamber of Deputies Gertrude Kazarwa said millions of Africans…
Organised labour under the African Regional Organisation of the International Trade Union Confederation (ITUC-Africa) has raised concern over what it describes as worsening inequality and economic hardship across the continent. Marking this year’s International Workers’ Day, ITUC-Africa warned that Africa is facing a growing imbalance in wealth distribution, where economic gains are increasingly concentrated among…
The comments follow a high-profile spat with US President Donald Trump, who called the Pope weak on crime.
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) PacifiCorp court win could reduce wildfire damages by $1B or more An Oregon Court of Appeals ruling this week accepted PacifiCorp’s argument the judge in a 2023 trial mistakenly…
AGSA audit outcomes uncover R12.1 billion-worth in ICT project issues. (Image source: 123RF) While technology is often touted as a transformative force, national and provincial governments continue to face significant challenges in ICT implementation. A report by the Auditor-General of South Africa (AGSA) has identified barriers to achieving digital transformation goals, noting that many of…
