The rand gained further ground on Monday, supported by higher gold prices as local investors look towards the year’s last bit of economic data for clues on the health of South Africa’s economy. Shortly after 2pm, the currency was trading at R16.78/US$, continuing a firming trend that started in April. The rand is now at…
Strike on Jbaa follows warnings for more attacks as Israel continues daily attacks despite year-old ceasefire. Israel’s military has launched air strikes on at least three towns in southern Lebanon, Mahrouna, Jbaa, and al-Majadel, despite the ceasefire in place since last November. According to Lebanon’s National News Agency, the attack on Jbaa on Thursday destroyed…
An acute global shortage of memory chips is forcing AI and consumer electronics companies to fight for dwindling supplies, as prices soar for the unglamorous but essential components. Japanese electronics stores have begun limiting how many hard disk drives shoppers can buy. Chinese smartphone makers are warning of price increases. Tech giants including Microsoft, Google…
Kiira Motors’ groundbreaking 13,000-kilometre electric mobility expedition from Uganda to South Africa has reached the heart of Tanzania, showcasing the potential of African-made clean transport and marking a major milestone in the continent’s sustainable mobility movement. The Kayoola E-Coach 13M, Uganda’s flagship premium electric inter-city bus, is currently in Dodoma, Tanzania’s capital, after traversing the…
The United Nations Peacebuilding Fund on Wednesday announced a major milestone, with the approval of more than $1 billion in support to global peacebuilding and conflict-prevention initiatives since 2020. The multi-donor trust fund is the UN’s primary instrument for supporting countries worldwide who are emerging from – or at risk of – violent conflict. The…
A broadcast screen at the Bombay Stock Exchange (BSE) in Mumbai, India, on April 3, 2025, displays news of U.S. President Donald Trump announcing sweeping new trade tariffs. Nurphoto | Nurphoto | Getty Images India’s goods trade deficit hit an all-time high of $41.7 billion in October as gold imports surged on festive season demand,…
Thirteen people were injured, two critically, after a car crashed into a crowd during a demolition derby in southeastern Australia, police said. The car had been taking part in a race in the town of Walcha on Saturday night when it drove through a fence and hit the grandstand, New South Wales police said in…
The rand and South African shares and bonds extended their rally on Thursday as investors cheered signs of fiscal discipline after the government’s medium-term budget policy statement. The rand briefly broke below the key R17/US$ level for the first time since February 2023 to touch R16.95 — its strongest in more than two years. The…
A momentous week in the technology sector made it clear there is no sign the boom in building artificial intelligence infrastructure is slowing — despite the bubble talk. Nvidia, whose processors are the AI revolution’s backbone, became the first company to surpass US$5-trillion in market value. Microsoft and OpenAI inked a deal enhancing the ChatGPT…
Altron Group CEO Werner Kapp JSE-listed technology group Altron has lifted its interim dividend by 20% even as it warns of a “tough trading environment” in IT services. Group operating profit from continuing operations in the six months to 31 August 2025 increased 15% to R549-million, driven by an “excellent performance” in the Platforms segment,…
