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South Africa job losses push unemployment to 32.7% in Q1 2026

Nairametrics • 12 May 2026, 13:44

Statistics South Africa has reported a further deterioration in the country’s labour market, with the official unemployment rate rising to 32.7% in the first quarter of 2026, up from 31.4% in the fourth quarter of 2025.

Investor Intentions: Kiwoom Asset Management open to North American and Western Europe funds

Infrastructure Investor - Africa • 12 May 2026, 13:42

The institution will target core and core-plus opportunities in developed markets. Energy transition trends: Emerging market renewables 7 May 2026 · 3 mins read Energy transition trends: Electrified transport 7 May 2026 · 4 mins read Energy transition trends: Battery storage Energy transition trends: Supply chains Energy transition trends: Carbon capture and storage Energy security takes centre stage as investment keeps climbing Energy transition trends: Heat pumps and building efficiency 7 May 2026 · 2 mins read

US official urges South Sudan authorities to uphold 2018 peace agreement

Africanews EN • 12 May 2026, 13:33

On a visit to Juba last week, the head of the US State Department Bureau of African Affairs Nick Checker urged South Sudanese authorities to "take urgent action to restore peace."

West Africa • After Nairobi, Macron prepares final major African tour

Africa Intelligence • 12 May 2026, 13:30

After Nairobi, Macron prepares final major African tour

Vodacom's $525 Billion Mobile Money Lead Rests on a Safaricom Stake Still Stuck in a Kenyan Court

Ecofin Agency • 12 May 2026, 13:29

Vodacom disclosed $525.6 billion in processed mobile money transactions in the year through March 2026, but the figure consolidates Safaricom at 100% M-Pesa's transitioned from being a simple wallet to a f

Ford Ranger Super Duty to be offered in SA

BusinessLIVE / Business Day South Africa • 12 May 2026, 13:20

More rugged bakkie will have enhanced towing, lugging and off-road capability Group motoring editor Ford will launch a more rugged Super Duty version of its Ranger one-tonne bakkie in South Africa next year. Designed in collaboration with customers and built in Thailand, it is a bigger and tougher bakkie with enhanced towing, carrying and off-road capability for consumers such as emergency service operators, farmers, forestry workers and miners. Ford is not able to confirm any vehicle specifications as yet and will share additional details closer to local introduction. However, according to Ford Australia, where the vehicle w

NextSource advances with final investment in Abu Dhabi anode facility

African Mining Market • 12 May 2026, 13:19

NextSource Materials Inc. says it has approved a final investment decision on Phase 1 of its Battery Anode Facility in Abu Dhabi, advancing its push into vertically integrated anode materials manufacturing. The decision follows the completion of front-end engineering design work, which the company said confirmed the economics and project configuration outlined in an October …

Godongwana tells Land Bank to wait in line for R20bn bailout

BusinessLIVE / Business Day South Africa • 12 May 2026, 13:03

Recapitalisation request to be weighed alongside other SOEs’ needs Minister of finance, Enoch Godongwana, said the Land and Agricultural Development Bank of South Africa will have to wait in line to plead its case for a bailout, like other cash-strapped entities. The minister was briefing parliament’s Standing Committee on Finance with a team from the National Treasury on Tuesday. The meeting concerned the National Treasury’s annual performance plan and strategic plan. If [the Land Bank] wants recapitalisation, they must go into the queue like everybody else in the budget process. And government will make th

Strategic capital injection fuels Heath Goldfields’ restart and expansion plans

African Mining Market • 12 May 2026, 13:03

Verdant IMAP has advised Heath Goldfields Ltd., the Ghanaian- mining company revitalising the historic Bogoso–Prestea Gold Mine, on a US$65 million debt financing and associated offtake arrangements. The debt financing shall be used for capex related to the company’s medium term mine plan following an initial restart in December 2024 and for general corporate purposes. …

Maersk launches reefer rail service from Hyderabad to Mumbai

Container News • 12 May 2026, 13:00

Maersk has inaugurated a dedicated weekly reefer rail service connecting Hyderabad’s pharmaceutical manufacturing cluster to Nhava Sheva port, de

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