- TOPLINE Prince Harry delivered an impassioned speech to the United Nations Monday in which he called on world leaders to “be brave” in the face of climate change, a global pandemic and the spread of disinformation, and also cited the “rolling back of Constitutional rights” in the his new home, the…
- TOPLINE JPMorgan, the nation’s largest bank, kicked off second-quarter earnings season on Thursday with worse-than-expected results spurred by the market’s deteriorating conditions, prompting the firm’s billionaire CEO, Jamie Dimon, to warn the fate of the economy largely depends on how quickly the…
- TOPLINE Elon Musk is resisting Twitter’s request for an expedited trial in its effort to force him to close on a $44 billion deal to buy the company, according to multiple reports, with his lawyers filing a motion Friday that asks that the trial not begin until February 2023. KEY FACTS Musk’s…
- HE’S OUR MAN IN THE UNITED KINGDOM. former FORBES AFRICA 30 Under 30 lister and South African photographer and creative director Trevor Stuurman is currently featuring his first solo exhibition outside of South Africa. The collection of self-portraits, Trevor Stuurman: Life Through The Lens, opened…
- TOPLINE A board game based on the wildly popular online word game Wordle will be released this fall, Hasbro and the New York Timesannounced in a joint press release Thursday afternoon, as the Times expands the game’s reach following its splashy January acquisition. KEY FACTS The board game, titled…
- TOPLINE The Covid-19 pandemic helped fuel the largest continuous decline in global childhood vaccinations in three decades from 2019 to 2021, according to data released Thursday by the World Health Organization and UNICEF, which called the numbers a “red alert for child health.” KEY FACTS Roughly…
- TOPLINE As rapid inflation fuels growing recession fears, new data showed consumer prices rose 9.1% in the 12 months ending in June, hitting a worse-than-expected 40-year high after an unprecedented surge in gas prices. KEY FACTS Overall prices rose 1.3% from May—surpassing the 1.1% economists were…
- TOPLINE The lawsuit against Uber comes a month after Uber released a US Safety report revealing nearly 1,000 sexual assault incidents. KEY FACTS The complaint, filed Wednesday in San Francisco, claims that Uber has known since 2014 that drivers have sexually assaulted and raped female customers,…
- In March, Evadnee Le Goff and Anita Musevenzo became the first all-women team to summit the highest mountains in South Africa’s nine provinces. In the rain, in the dark, in the freezing cold on those raw, rugged mountains, the two navigated treacherous terrain but stuck together. ENDURANCE LESSONS…
- TOPLINE Netflix is in talks with at least three major Hollywood studios for a lower-cost, ad-supported subscription plan, the Wall Street Journal reported Tuesday, as the company faces financial struggles amid an intensifying battle for viewers between streaming platforms. KEY FACTS Netflix is in…
- By Nick Said The South African women’s cricket team makes a comeback at the 2022 Commonwealth Games for the first time since 1998, and have high hopes of winning gold. We speak to one of the world’s leading batters Laura Wolvaardt. Who else is making it? THE 2022 COMMONWEALTH GAMES TO BE staged in…
- Another day, another onslaught of flight disruptions for air travelers. Even before 9 a.m. Eastern Time, airports around the world were already tallying more than 10,000 flight delays and 1,700 cancellations, according to FlightAware tracking data. Those number could easily double by day’s end.…
- TOPLINE Economists at Goldman Sachs on Monday doubled down on their belief that the economy will avoid a recession this year thanks to the strength of the labor market, which has shown signs of slowing down but continues to outperform expert projections—even as a growing number of indicators…
- By Tiana Cline Lead poisoning is an issue in Africa where lead-acid batteries reign supreme, powering cars and generators, providing solar power storage, and even backup for cell towers during rolling blackouts. But here’s How one company is transforming resources to power a more connected,…
- TOPLINE Poor booster shot uptake has left millions of Americans dangerously vulnerable to the coronavirus variants now tearing across the country, as officials push vaccine makers to update their vaccines to counter the most evasive omicron variants, BA.4 and BA.5. KEY FACTS The CDC recommends that…
- TOPLINE Elon Musk informed Twitter Friday he is “terminating” his $44 billion deal to buy the platform, according to a Securities and Exchange Commission filing, but the head of Twitter’s board said the company plans to take up a legal challenge to force the agreement to go through. KEY FACTS Bret…
- Tragedy struck South Africa in the early hours of Sunday morning as unknown gunmen opened fire on a tavern in Soweto, Johannesburg, leaving at least 14 dead and nine wounded. At around shortly after midnight in Orlando East, men armed with rifles and pistols entered the bar and began firing…
- Founded earlier this year, FinTech start-up Sava from Cape Town, South Africa has announced a $2M pre-seed round to develop its central spend-management platform. The FinTech start-up is set to launch in South Africa with a platform that enables smart data sourcing, multi-level credit scorecards…
- TOPLINE Elon Musk’s $44 billion deal to buy Twitter is now in serious doubt, according to the Washington Post, which reported Thursday the billionaire’s team could pursue a massive change in strategy amid concerns about spam and fake accounts. KEY FACTS Talks between Musk’s team and investors who…
- Japan’s former Prime Minister Shinzo Abe shot while giving a speech, has reportedly not survived the attack. Japan’s former Prime Minister Shinzo Abe has been shot and is reportedly showing no signs of life, according to local Japanese media. Abe, who stepped down from his position as PM in 2020…
- BY RIDHIMA SHUKLA Yussouf Ntwali’s edtech company has grown from idea to impact, changing the recruitment landscape in Rwanda. IN THE BEATING HEART of the impeccably-green city of Kigali, in one of the most sought-after commercial zones, past a small gate and a garden is a shared space for home-…
- TOPLINE Oil prices continued to fall in choppy trading on Wednesday—extending recent losses as growing recession fears wreak havoc on markets, but despite concerns about an economic downturn hurting demand, most experts remain optimistic that prices will rebound by later this year. KEY FACTS The…
- Employees are rethinking their attitude to work. Many take a different path from their employers with a much greater focus on their personal and professional aspirations. Unless leaders swiftly acknowledge these changes, there is a real danger that dissatisfaction will grow and negatively impact…
- Mxolisi Mgojo was awarded Business Leader of the Year at the 2022 All Africa Business Leaders Awards (AABLA) at a glittering ceremony in Sun City, South Africa in June, at the pinnacle of a four-decade multi-continental career in business that has seen him work as a software engineer, a banker and…
- TOPLINE Oil prices dropped 8% Tuesday—falling back below $100 per barrel for the first time since May—as some experts warn that prices could fall to as low as $60 per barrel by the end of the year if an economic downturn significantly curtails demand. KEY FACTS The price of U.S. benchmark West…
- While the COVID-19 pandemic shook so many industries and communities to their core, the hospitality world was decimated by travel restrictions, limits on gatherings (when they were allowed at all), and onerous regulations that disrupted our business models and flung so many people into unemployment…
- Goldman expects health insurance and automobile prices—two of the largest contributors to inflation during the pandemic—should start “outright” falling by the end of this year as Covid-era growth begins to subside, pushing core inflation down to 5.5% at year-end and 2.4% in December 2023. However,…
- One of the UK’s top black Britons, self-made entrepreneur Tevin Tobun of Gate Ventures charted his business journey by looking beyond the obvious and venturing into the unknown. EVERY YEAR, THE DEPARTMENT FOR Education in the United Kingdom (UK) allocates funding to chosen schools to help maintain…
- TOPLINE Monkeypox infections could be flying under the radar as symptoms differ from what doctors have seen in the past, according to a study published Friday in Lancet Infectious Diseases, as public health officials in Europe and North America scramble to contain the growing outbreak. KEY FACTS…
- Radisson RED V & A Waterfront is proud to announce the launch of their latest collaboration with local clothing brand Y?Gen Apparel. The Radisson RED team pride themselves on their brand pillars, Music Art and Fashion and this new collaboration speaks to the heart of what the Radisson RED brand…
- The FORBES AFRICA 30 Under 30 class of 2022 cares about being visionaries of change and catalysts for innovation. Being on the most-anticipated list on the continent, for these young trailblazers, is not just about commerce and clout but about ensuring they represent well their countries and the…
- Increases in rotational power cuts in South Africa are seeing a deep economic impact, as the already struggling economy deals with hours without electricity daily. South African businesses are struggling to cope as another wave of power cuts have hit the country, the worst since ‘loadshedding’ or…
- TOPLINE Stocks fell in volatile trading on Thursday, wrapping up their worst first half of a year since at least 1970 as the S&P 500 remains in bear market territory, with investors continuing to sell off shares amid rising recession fears sparked by surging inflation and rate hikes from the…
- TOPLINE More than half a million deaths could be prevented each year by ensuring people wear helmets and seat belts, respect speed limits and don’t drive while drunk according to a new study, as researchers suggest many governments have not prioritized enhancing traffic safety in recent years. KEY…
- “I founded this company when I was sick,” Carla Frankel says with a shaky voice, when we meet in Botswana in April for the Forbes Under 30 Summit Africa. When she says that, the people around her listen, as she unravels to FORBES AFRICA the story of how she created the Top Drawer Collection,…
- TOPLINE The risk of long Covid is higher among women, older people, white people and individuals with certain pre-existing health conditions, a new study released Tuesday in U.K. journal Nature found, as more research sheds light on how lingering Covid symptoms affect people recovering from the…
- TOPLINE An advisory panel to the Food and Drug Administration on Tuesday recommended the agency push to field new Covid-19 booster shots targeting the highly contagious omicron variant, a move some hope will offer a boost in the fight against the rapidly evolving coronavirus—but the most vulnerable…
- The resignation of Glossier CEO Emily Weiss inspired another wave of obituaries for young, female founders. Nevertheless, they persist—and refuse to be put on glass pedestals again. In October 2021, Rent the Runway cofounder Jennifer Hyman took her 12-year-old subscription fashion company public at…
- TOPLINE Investors piled out of cryptocurrency investment funds at a record pace last week after bitcoin plummeted to its lowest level in 18 months, crypto asset management firm CoinShares reported Monday, highlighting the bearishness that’s come to a head this month as markets grapple with the…
- Sebastian Daniels’ Ground Culture is focused on bringing township entrepreneurs into the formal economy, helping bridge the gap in Cape Town with an online store and cafés stocked with products made locally by them. WHAT happens when a 52-year-old beekeeper from the Khayelitsha township in Cape…
- TOPLINE The World Health Organization announced Saturday the spread of monkeypox does not yet constitute a public health emergency, but WHO Director-General Tedros Adhanom Ghebreyesus said “serious concerns about the scale and speed of the current outbreak” remain. KEY FACTS A WHO panel made the…
- When a 16-year-old Brett Lyndall Singh from Pietermaritzburg, South Africa, was unable to perform CPR on his sick grandmother, he used this traumatic experience as his calling to become a doctor. “It kind of cemented the idea of me making sure that I have the skills to be able to save people’s…
- TOPLINE Covid-19 vaccines saved almost 20 million lives worldwide during the first year they were rolled out, according to a mathematical modeling study published in the Lancet Infectious Diseases on Thursday, which found vaccines cut the potential global death toll from the coronavirus in half…
- TOPLINE Almost one in three among thousands of Danish children diagnosed with Covid experienced long-lasting symptoms, according to a study published in Lancet Child and Adolescent Health on Wednesday, which found those children were more likely than those who hadn’t had Covid to develop persistent…
- South African entrepreneur, author and award-winning businessman Dr Reuel Khoza on the adversities that spurred him and the benefits he sees in collaborative leadership. “Leadership will only emerge through challenge.” Distinguished businessman Dr Reuel Khoza strikes an initially unassuming…
- Dr Shaheenah Dawood says it’s an exciting time for oncology research and is spearheading change in cancer care in the UAE, making sure that all patients, whether they come from the Middle East or Africa, have access to medication and treatment. THERE’S LAUGHTER IN THE BREAST CANCER WARD. Shaheenah…
- TOPLINE Beyoncé’s new song “Break My Soul,” which dropped at midnight, is being welcomed by fans as an anti-work anthem for the Great Resignation, encouraging listeners to quit their jobs and rid themselves of stressors in their lives. KEY FACTS In the dance tune, Beyoncé sings, “Now I just fell in…
- The fortune of the world’s richest person, Tesla chief Elon Musk, soared by $14.5 billion Tuesday, as shares of his electric vehicle maker rose 9.4%, outpacing the tech heavy Nasdaq’s 2.5% rebound from last week’s decline. Analysts attributed Tesla’s outperformance to both comments by Musk and…
- Eritrean twins Feven and Helena Yohannes were born in a house made of mud, grass and sticks in a refugee camp in Africa. Today, their Los Angeles- based black-owned beauty business and cosmetics line is an Oprah favorite and during Covid-19, sales for 2.4.1 skyrocketed. LOS ANGELES- based twins and…
- TOPLINE Transgender rugby players will be barred from international women’s competitions while officials develop a formal inclusion policy, the sport’s international governing body announced on Tuesday, the latest federation to ban transgender athletes as the sporting world tries to balance…
