Jeremy Maggs on 26/06/2026

Jeremy’s weekly wrap: Business backs Ramaphosa advisor as SCA clips Tshwane

This week on Moneyweb@Midday we examined Michael Sachs' appointment as President Cyril Ramaphosa’s economic advisor, a warning about companies waiting before admitting they need help, SCA rejecting Tshwane's land expropriation attempt, and the cost of removing migrant workers from food systems.

J Jeremy Maggs
Sangmi Cha, Bloomberg on 26/06/2026

Korean stocks tumble 9% on chip selloff, triggers trading halt

The Korean market has been gripped by extreme volatility this year, fuelled by surging retail activity reliant on margin trading and a wave of leveraged exchange-traded funds tracking chipmakers.

S Sangmi Cha, Bloomberg
Julian Lee, Alex Longley and Weilun Soon, Bloomberg on 26/06/2026

Ship struck in Hormuz as oil supertankers turn back again

Container ship Ever Lovely was struck on the side and sustained damage to its bridge while it was sailing along a recommended route, Taiwanese operator Evergreen Marine said.

J Julian Lee, Alex Longley and Weilun Soon, Bloomberg