Biggest companies to help resolve South African water crisis
Johannesburg alone loses 44% of its water to leaks and theft and has a R26.9bn maintenance and water infrastructure backlog.
View ArticleTesla’s ‘full self-driving’ faces US defect probe after fatality
The probe marks a potentially major setback to Chief Executive Officer Elon Musk’s efforts to position Tesla as a leader in automated driving.
View ArticleDrought-hit Algeria has $5.4bn plan to make drinking water from sea
As climate change piles pressure on the OPEC member’s water supplies.
View ArticleSouth Africa’s 36.1% electricity price hike for 2025
Why the power utility Eskom’s request is unrealistic.
View ArticleCringey LinkedIn posts are getting dragged on fast-growing subreddit
The social network has acknowledged complaints that the platform skewed too far into the personal and last year said it made changes to its feed to serve less celebratory content and more posts...
View ArticleFour-day work week pilot convinces most German firms in trial
Some 73% of the 45 companies that participated in the six-month experiment will either fully implement the model or extend the trial, according to a report released Friday.
View ArticleFive key charts to watch in global commodity markets this week
The world’s two biggest suppliers of iron ore, Rio Tinto Group and Vale SA, boosted output of the steelmaking ingredient in the third quarter.
View ArticleMozambique police shoot two as Gemfields Ruby mine is stormed
The operation supplies about half the world’s rubies, according to the company’s website.
View ArticleGold climbs to record
Spot gold was up 0.2% to $2 727.15 an ounce as of 9:57 a.m. in Singapore.
View ArticleBitcoin flirts with $70 000 after $2.4bn inflow into ETFs
The cryptocurrency rose 1% before paring gains to trade little changed at $68 720 as of 11 a.m. in Singapore.
View ArticleDecade of big S&P 500 gains is over, Goldman strategists say
They also see a roughly 72% chance that the benchmark index will trail Treasury bonds, and a 33% likelihood they’ll lag inflation through 2034.
View ArticleRand to gain in 2025 while Naira faces more pain, according to Ebury
Four of the seven African currencies monitored by Ebury are seen holding their ground or gaining in 2025.
View ArticleBHP embroiled in £36bn UK class action over Brazil dam collapse
The collapse of Fundão Dam at an iron ore joint venture between Vale SA and BHP is at the heart of one of the largest UK class actions of its kind starting Monday.
View ArticleOil declines after surge as traders keep focus on Middle East
Brent for December settlement was 0.5% lower at $73.95 a barrel at 1:07 p.m. in Singapore.
View ArticleMaersk raises guidance again as Red Sea attacks boost rates
Maersk also reported revenue of $15.8bn in the three months through September.
View ArticleSugar supplies seen dwindling to lowest in years in early 2025
Concerns about production constraints in Brazil — also caused by the spread of plant disease — have kept prices for the sweetener above the historical average for the past several years.
View ArticleIvory Coast bonds may narrow gap to South Africa’s on rating
Despite the upgrade, Ivory Coast’s eurobonds maturing in 2033 fell 0.1 cents to 91.74 cents on the dollar as of 1:18 p.m. in London on Monday.
View ArticleGold steady near record high as traders digest Fed rate views
Bullion traded near $2 720 an ounce after rising as much as 0.7% on Monday before closing slightly lower.
View ArticleNomura-backed crypto custodian Komainu makes first acquisition
The acquisition 'is setting ourselves up for the future with a licensed platform that we can grow,' Frost-Smith said.
View ArticleRussia hosts Brics leaders, signaling Putin is far from isolated
Putin stayed away from last year’s Brics summit after South Africa warned it would have to comply with an arrest warrant against him for alleged war crimes in Ukraine issued by the International...
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