RC 261027Kaya 959Gugulethu Mfuphi
Tuesday, 27 October 2026
Tuesday's Kaya Biz mixed a markets update on Anthropic's IPO filing with African Bank's consolidation push and a commodities outlook flagging cocoa prices and El Niño risks.
- 18:02
A 34-year-old man has been sentenced to two life terms for the rape and murder of his stepdaughter, with the Johannesburg High Court finding no mitigating factors to justify a lighter sentence.
- 18:10
Anthropic has filed for an IPO seeking to raise around USD 100 billion, with some analysts valuing the AI company at about USD 1 trillion, making it a closely watched listing.
- 18:42
African Bank is consolidating three acquired businesses onto one system to cut costs, with the chairman aiming to settle branch and team efficiencies by the end of this year.
- 19:14
Cocoa prices rose from about USD 2,000 a tonne in 2023 to USD 5,000 to 6,000 in 2025, as poor crops in Côte d'Ivoire and Ghana, which produce about 60% of global beans, cut output.
- 19:22
El Niño is expected to bring heat and drought to eastern South Africa into 2027, threatening sugar, citrus and livestock feed crops, with declining harvests likely in the first half of 2027.