For a sign of just how extraordinary oil shipping costs have become, consider this: It’s now more expensive to hire a tanker from the US to China than to launch a rocket into space. That journey costs...
Zimbabwean President Emmerson Mnangagwa appointed a tycoon sanctioned by the US and UK for alleged corruption to his cabinet. Kudakwashe Tagwirei, a long-time adviser to Mnangagwa, was named minister ...
OpenAI is expecting to reach or exceed $70 billion in annualised revenue by the end of the year, according to people familiar with the matter, driven largely by growth in its enterprise business. The ...
Pillay is recognised for holding states and national leaders accountable and defending international law amid growing pressure on global legal institutions. The Nobel Peace Prize was awarded to Navi P...
The Department of Home Affairs has withdrawn a September directive allowing asylum seekers to lodge applications following a Constitutional Court ruling that they could not be excluded from the asylum...
The Trump administration accused Microsoft Corp, Adobe and a half-dozen other companies of abusing a US worker visa program and suspended them indefinitely from a longstanding immigration initiative t...
Elon Musk’s SpaceX said it acquired low-band spectrum that will enable it to use its Starlink satellites to become a “major mobile carrier” in the US, sending shares in incumbent cell providers fallin...
President Donald Trump said in a social media post that the US would “not be attacking Iran” before November’s midterm elections, citing what he said were “productive discussions” with the Islamic Rep...
Meta Platforms banned advertisements in the US from ByteDance, the former controlling owner of TikTok, intensifying the competition with the popular social video site. On Thursday, Meta began implemen...
A US trade judge approved class-action status for a legal fight over refunds for President Donald Trump’s global tariffs, siding with importers who contend that the process will make it easier for a w...
African nations are calling for Ukraine to return their citizens who are being held in its prisoner of war camps after they were caught fighting for Russia. Kenya’s government is in talks to have five...
Oil declined after President Donald Trump said the US would not attack Iran “at any time” before November’s midterm elections. Brent fell toward $103 a barrel after surging more than 4% on Thursday, w...
Zimbabwe’s President Emmerson Mnangagwa has appointed a tycoon sanctioned by the US and UK for alleged corruption as the country’s investment minister. Kudakwashe Tagwirei, a long-time adviser to Mnan...
At least one person was rushed to hospital after reportedly being shot near Dr Pixley KaSeme Street at 4pm. GroundUp is aware of at least two other people who were assaulted and injured. Several veh...
Companies that manage prepaid electricity meters in sectional title complexes are coming under pressure from trustees and managing agents to unlawfully increase electricity tariffs so that they can us...
Irregular expenditure by the South African National Roads Agency (Sanral) increased by 100% to R1.094 billion in its financial year to end-March 2026 compared to its previous financial year. Sanral ac...
OUTsurance CEO Marthinus Visser received remuneration totalling R83.4 million for the 2026 financial year, an increase of 57% on the prior year. He received guaranteed pay of R8.1 million and short-te...
The eThekwini Municipality’s initiative to crowd in private capital along the Durban beachfront has reached a critical milestone, with preferred bidder Imvusa (Pty) Ltd securing more than R70 million ...
CompCom alleges that the companies restricted independent clinical engineers’ access to spare parts, diagnostic software, service keys, technical information and specialised training needed to compete...
Samsung Electronics Co reported a nearly nine-fold rise in quarterly operating profit, though that was still just shy of sky-high expectations elevated by relentless spending on the AI infrastructure ...
Uniqlo owner Fast Retailing Co.’s annual revenue climbed 17% to a record ¥3.96 trillion ($25 billion), putting it solidly on a path to pull ahead of H&M as the world’s No. 2 apparel retailer and chall...
Isomorphic Labs, an AI-powered drug discovery startup spun out of Alphabet’s Google DeepMind, is in early talks to raise new funds at a valuation of at least $40 billion, according to people familiar ...
Tencent Holdings is considering an offshore bond sale of as much as $5 billion, according to people familiar with the matter, adding to the wave of tech companies seeking debt financing as artificial ...
Retail giant Woolworths Holdings Limited (WHL) has secured all regulatory approvals, including competition authority consent, to acquire 100% of the issued shares of in2food Holdings Proprietary Limit...
Blue Origin LLC is likely to pursue an initial public offering within the next several years, after raising billions of dollars in its first outside funding round, billionaire founder Jeff Bezos said....
Supertankers are racing to the Middle East to cash in on soaring fees for carrying oil through the Strait of Hormuz, exacerbating a global shortage of vessels that has spiked freight rates. Crude flow...
Elon Musk accused unnamed rivals of blocking SpaceX’s Starlink satellite broadband network in India, an apparent swipe at billionaires Mukesh Ambani and Sunil Bharti Mittal. SpaceX has been awaiting a...
Brazil presidential candidate Flávio Bolsonaro won the backing of four centre-right parties on Wednesday, a day after a former adversary endorsed him, bolstering his campaign ahead of a tight run off....
The Iran-backed Houthis struck two airports in Saudi Arabia, killing three people and injuring dozens as the militant group intensifies its attacks on the kingdom while fighting Saudi-backed forces in...
Hurricane Isaias has formed in the US Gulf, marking the first such cyclone in the Atlantic this year, with oil and gas producers shutting in wells and evacuating personnel as the storm tracks toward t...
The government is stepping up plans for more battery energy storage systems (BESS) and gas-to-power power plants to address the problem of surplus electricity during the day, when solar power generati...
The Pretoria High Court has set aside Minister of Trade, Industry and Competition Parks Tau’s decision to introduce the Legal Sector Code, finding that he failed to exercise the independent judgment r...
Dr Tlaleng Mofokeng has a storied career that spans medicine, policy and advocacy. Over the past two decades, she has advocated for universal health access for women, people with disabilities, and LGB...
South Africa intends establishing a commission chaired by President Cyril Ramaphosa to coordinate the work of its state-owned firms after shelving plans to place them under the auspices of a holding c...
The Competition Commission (CompCom) has filed an application with the Competition Tribunal asking for a withdrawal of the tribunal’s decision to conditionally approve the merger between Premier Group...
Africa’s new home-grown rating agency must convince investors that it won’t be prone to local bias as it opens its doors for business. “The first hurdle will be inevitably credibility, because a new r...
Elon Musk’s SpaceX is in talks with banks and investors to raise $40 billion to buy chips from Nvidia, people familiar with the matter said, in what would be among the biggest-ever debt financings for...
Oil gained as traders weighed increased flows through the Strait of Hormuz against a pickup in Iranian attacks against vessels. Brent rose toward $102 a barrel after a volatile session on Tuesday, whi...
Sanlam’s $1.2 billion bid to take full ownership of Santam will give Africa’s top insurer more freedom to deploy capital across the continent, India and the Lloyd’s of London market, the latest step i...
The South African Reserve Bank (Sarb) has begun using direct feedback from businesses to better gauge economic activity and help guide monetary policy. “Industry engagement is standard practice among ...
Airlink has announced that it will launch twice-daily flights between Cape Town and Lanseria International Airport in Gauteng from 4 December, giving travellers between the two regions an alternative ...
As South Africans were hit with record fuel prices from Wednesday, paying over R30 for a litre of petrol and over R33 for diesel, the economic impact of the war in the Strait of Hormuz is showing up i...
Government support provided to South Africa’s manufacturing sector – at national, provincial and municipal level – is either “weak or very weak” according to 68.8% of respondents in a survey for a new...
Government support provided to South Africa’s manufacturing sector – at national, provincial and municipal level – is either “weak or very weak” according to 68.8% of respondents in a survey for a new...
The court showdown between the South African Property Owners Association (Sapoa) and the City of Mangaung about the way refuse removal tariffs for non-residential properties are structured in the metr...
While many Joburgers assume simple incompetence explains the city’s visible decline, a new report points to something darker: criminal networks have allegedly infiltrated key parts of the city’s admin...