RC 261112Kaya 959Gugulethu Mfuphi
Thursday, 12 November 2026
Markets were rattled by NVIDIA's CEO resignation and a weaker rand, while the Madlanga Commission heard intelligence testimony and a debt index showed South Africans stretched thin.
- 18:04
NVIDIA CEO Jensen Huang resigned with immediate effect after allegations of an affair with a woman suspected by US intelligence of spying for China, though NVIDIA says it has no reason to believe trade secrets were compromised.
- 18:05
Expert estimates put the week's fall in NVIDIA's market value above US$600 billion, with the FBI investigating and shareholders suing the company for allegedly misleading investors.
- 18:01
The acting National Intelligence Coordinating Committee head told the Madlanga Commission that compromised intelligence structures undermined public confidence, so the committee had to start from scratch.
- 18:03
Former acting national police commissioner and five co-accused appeared in the Pretoria High Court over alleged fraud and corruption in SAPS software tenders worth R54 million; the state says a procurement deviation skipped the Auditor General and Treasury.
- 18:49
Consumers seeking debt counselling now use 65% of their take-home pay to service debt, and Debt Busters says overall debt-to-income levels have started climbing again.