Author: The Editorial Team

JOHANNESBURG (Capital Markets in Africa) — Former South African President Jacob Zuma’s trial on corruption, money laundering, and racketeering charges that date back to the 1990s will begin on May 17, after the courts rejected his repeated applications to have the case dismissed. The case against the 78-year-old resumed briefly in the High Court in the eastern town of Pietermaritzburg on Tuesday, where the trial date was set. A successful conviction would be a boon…

LAGOS (Capital Markets in Africa) — Anglo American Plc’s South African iron ore unit said it plans to spend 3.6 billion rands ($246 million) to extend the life of its giant Sishen open pit operation to 2040 through the use of new technology. The sprawling Sishen operation in South Africa’s Northern Cape province would continue to mine for the next two decades as the company improves efficiency and deploys new technology through its high-density media…

LAGOS (Capital Markets in Africa) — President Joe Biden urged U.S. allies to uphold democracy in his first major speech to an international audience on Friday, warning that the world faces an “inflection point” in history that could result in a tilt toward autocracy. “We are in the midst of a fundamental debate about the future direction of our world,” Biden said in remarks delivered remotely to the Munich Security Conference. “Between those who argue…