RC 261112SAfm
Thursday, 12 November 2026
A volatile week led by Nvidia founder Jensen Huang's sudden resignation and its market fallout, with Ferroglobe's smelter shutdown, Purple Group's results and a Cherry recall also in focus.
- 18:09
Nvidia founder and CEO Jensen Huang has resigned, and the company has given no reason. Shares fell as much as 11% at the worst point, and earnings are due after the close on Tuesday.
- 18:41
Ferroglobe has decided to halt its South African smelters despite an Eskom reprieve, citing weak demand from local steel makers. About 350 direct jobs are at risk, plus indirect jobs across the ecosystem.
- 18:02
Parliament's National Assembly chairperson says the local government municipal structures amendment bill cannot be finalised before coalition talks conclude. Rushing it would be unconstitutional without extensive public participation.
- 18:28
Purple Group customer deposits rose 51% to R16.8 billion in its full-year results, as retail investors kept putting money into markets during a tough, uncertain year.