A man looks at a stock index board showing South Korea’s benchmark stock index (KOSPI) after the close of trading in Seoul on July 28, 2026. Greg Baker | Afp | Getty Images South Korea’s Kospi has staged a reversal from its latest rout, returning to bull-market territory as investors pile back into the country’s…
BlockTower, the issuer of the rand-backed stablecoin ZARU, said on Thursday that Luno has listed ZARU/USDT and ZARU/USDC trading pairs on its exchange, putting the rand on a continuous order book against the world’s two largest dollar stablecoins. Three days earlier, national treasury and the South African Reserve Bank published a draft manual that would…
Zimbabwe ended last month as Africa’s best-performing equity market, overtaking Nigeria, the continent’s most populous nation, after months of sustained gains driven by easing inflation, a more stable domestic currency, and renewed investor appetite for local equities. Data from African Markets, a real-time market intelligence platform, shows the Zimbabwe Stock Exchange (ZSE) returned 68.5 percent…
Microsoft staged a historic rally last week, adding nearly $450 billion in market value in a single trading session, the largest one-day gain on record for any publicly traded company. The unprecedented surge was driven by stronger-than-expected cloud growth forecasts and robust cash generation projections for the coming fiscal year. Read: Cape Town approves the…
The Economic Community of West African States Regional Competition Authority (ECOWAS-ERCA) has warned that price-fixing, market allocation and anti-competitive practices were undermining economic integration and driving up the cost of goods across West Africa. The authority said such practices deny consumers fair prices, limit opportunities for small businesses and weaken the region’s competitiveness. Speaking yesterday…
PHEVs are proving popular in South Africa, but consumers are still shunning full EVs One in every 17 new vehicles sold in South Africa is now electrified, according to automotive industry body Naamsa. But only one in 123 is fully electric. Naamsa reported 3 045 new-energy vehicle sales in June, a 104.2% increase on the same…
Thomas Trutschel | Photothek | Getty Images U.S. support for Japanese efforts to bolster the country’s struggling currency has offered a sharp bounce for the yen in recent sessions, strengthening some 5% before paring gains on Monday. The coordinated intervention has lifted the yen to 157 to the dollar, down from just above 163, which…
Microsoft added nearly US$450-billion in market value on Thursday, the largest one-day gain on record for any company, after it forecast stronger-than-expected cloud growth and signalled continued cash generation through its new fiscal year. The software giant’s shares closed up more than 15%, lifting its market capitalisation to $3.35-trillion, surpassing chip giant Nvidia’s previous record…
Africa can significantly increase its share of the estimated $85 billion global seed market by investing in agricultural research, strengthening seed systems, embracing innovation and creating a predictable business environment that attracts private investment, experts have said. Despite its vast agricultural resources, rich biodiversity and growing pool of scientists, Africa accounts for only about 2.2…
Africa’s private capital market posted a mixed first half in 2026. Deal volume fell 16% year on year to 211 transactions, the first H1 drop since 2023. Investment value rose 65% to $3.7 billion, the second highest first-half total in five years. The gap between average deal size, $32 million, and median deal size, $5…
