Category: South Africa

SpaceX Goes Public: SPCX Now Available to Trade Following Historic Nasdaq Debut

LONDON, June 17, 2026 (GLOBE NEWSWIRE) — EBC Financial Group (EBC) announced the availability of SpaceX (SPCX) across all EBC platforms. The instrument went live at 16:31 (UTC+3) on Friday, 12 June 2026, is in line with the US market open and the same session SpaceX made its debut on the Nasdaq. The listing followed the largest initial public offering in financial market history: a US$75 billion raise at an issue price of US$135 per share, implying a valuation of about US$1.75 trillion. Shares rose around 19% in their first session to close near US$161, lifting SpaceX’s market value above US$2 trillion. The instrument is available to all EBC clients globally, across both Standard (STD) and Professional (PRO) accounts.

The debut placed SpaceX among the most valuable listed companies in the world from its first session. For traders, it is the first time public-market access has been available to a business that stayed private for more than two decades while building leading positions in launch services, the Starlink satellite network and, since its February 2026 acquisition of xAI.

Same-Day Access to a Landmark Listing

The newly introduced CFD is seamlessly integrated into existing EBC trading infrastructure, eliminating the requirement for distinct onboarding, capital allocations, or minimum subscription thresholds. Both the Standard and Professional accounts carry the instrument, each with its own pricing and execution profile. Traders at different stages, from lower-capital investors to seasoned professionals, can therefore choose the account that suits how they trade.

Trading on Your Own View

EBC supports two-way trading on SpaceX. Bulls can take a long position if they believe Starlink’s recurring revenue, SpaceX’s launch-cost advantage and its NASA and defence contract revenue justify the valuation, while traders may take a short position if they view the pricing as stretched against the capital intensity of the aerospace business and the drawdown risk facing new investors.

Limited-Time Zero Commission on US Stocks

Alongside the listing, EBC is running a limited-time zero-commission offer on US stock and ETF trading, valid from 12 June to 11 September 2026. With commission waived and zero-swap fees on the instrument, the trading costs will reduce significantly, potentially reducing trading costs for clients amid tech IPO boom. This promotion is available only to clients who open an account under EBC Financial Group (SVG) LLC.

A Defining Market Event

SpaceX enters public markets as a vertically integrated group spanning rockets, satellites and, through xAI, artificial intelligence. In its IPO filing, the company set out a stated total addressable market of about US$28.5 trillion, most of it tied to AI and enterprise applications, an ambition some analysts have questioned given how early the company is in those areas. For EBC clients, the practical point is simpler: a company at the centre of that debate is now something they can trade directly, and form their own view on, from within their existing account.

SPCX.OQ is live on EBC platforms. For more information, please visit the EBC Financial Group website at www.ebc.com.

Risk Disclaimer

Trading foreign exchange (FX) and contracts for differences (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Losses can exceed deposits. Past performance does not guarantee future results. Please consider your investment objectives and risk tolerance carefully before trading.

About EBC Financial Group

Founded in London, EBC Financial Group (EBC) is a global brand known for its expertise in financial brokerage and asset management. Through its regulated entities operating across major financial jurisdictions—including the UK, Australia, the Cayman Islands, Mauritius, and others—EBC enables retail, professional, and institutional investors to access global markets and trading opportunities, including currencies, commodities, CFDs and more.

Trusted by investors in over 100 countries and honoured with global awards including multiple year recognition from World Finance, EBC is widely regarded as one of the world’s best brokers with titles including Best Trading Platform and Most Trusted Broker. With its strong regulatory standing and commitment to transparency, EBC has also been consistently ranked among the top brokers—trusted for its ability to deliver secure, innovative, and client-first trading solutions across competitive international markets.

EBC’s subsidiaries are licensed and regulated within their respective jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA); EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA); EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC); EBC Financial (MU) Ltd is authorised and regulated by the Financial Services Commission Mauritius (FSC).

At the core of EBC are a team of industry veterans with over 40 years of experience in major financial institutions. Having navigated key economic cycles from the Plaza Accord and 2015 Swiss franc crisis to the market upheavals of the COVID-19 pandemic. We foster a culture where integrity, respect, and client asset security are paramount, ensuring that every investor relationship is handled with the utmost seriousness it deserves.

EBC is a proud official foreign exchange partner of FC Barcelona and continues to drive impactful partnerships to empower communities – namely through the UN Foundation’s United to Beat Malaria initiative, Oxford University’s Department of Economics, and a diverse range of partners to champion initiatives in global health, economics, education, and sustainability.

https://www.ebc.com/

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c9e268f0-38cc-4cf0-bd92-06a5ae03e622

 

Media Contact: 
Aldric Tinker Toyad
Global PR Lead
[email protected]

Saiful Shamsudin
Public Relations Executive
[email protected]

GlobeNewswire Distribution ID 9748393

One of European wealth management’s most senior figures joins Titanbay’s group board as Non-Executive Director

LONDON, June 16, 2026 (GLOBE NEWSWIRE) — Titanbay today announced the appointment of Marcel Rohner, Vice-Chairman of UBP SA, Chairman of the Swiss Bankers Association and former Group Chief Executive of UBS AG, as a Non-Executive Director on its group board.

Few figures sit closer to the centre of European wealth management. Rohner led UBS through the global financial crisis as Group CEO from 2007 to 2009. He has served on the Board of Union Bancaire Privée since 2016. Since 2021 he is chairing the Swiss Bankers Association, the body that sets policy and standards for Swiss banking, one of the world’s largest wealth management industries.

His decision to join Titanbay is the clearest signal yet of where the centre of gravity in private markets is moving. European wealth managers are racing to widen client access to alternatives. Asset managers are looking for more efficient routes to the wealth channel. Titanbay sits between the two, on technology built specifically for private markets funds. Everything the industry still does manually or stitches together from service providers, Titanbay runs in one place, on infrastructure it built in-house.

“Marcel is one of the most respected figures in European wealth management, and there are very few people in our industry whose judgement carries more weight,” said Michael Gruener, Co-CEO of Titanbay. “His leadership at UBS, his long tenure on the board of UBP and his five years shaping Swiss banking through the Swiss Bankers Association, give him a vantage point on this industry that almost nobody else has. To have him on our board, helping shape what comes next, is an extraordinary moment for the business. We are fortunate to have him.”

Marcel Rohner said: “Private markets are becoming a core allocation for European wealth clients, but the industry’s infrastructure has not kept up. Titanbay has built something different, technology and operations purpose-made for this asset class, used by serious wealth managers and serious asset managers. I look forward to working with the board as the business moves into its next chapter.”

About Marcel Rohner

Marcel Rohner is Vice-Chairman of the Board of Union Bancaire Privée, Chairman of the Swiss Bankers Association and former Group Chief Executive of UBS AG (2007 to 2009), where he led the bank through the global financial crisis. He is serving as Chairman of the Swiss Bankers Association since 2021, having spent five years shaping policy across Swiss banking, and hands over the role to Giorgio Pradelli at Bankers Day in September 2026. He holds a PhD in Economics from the University of Zurich.

About Titanbay

Titanbay is the only firm that structures, launches, runs, and trades private markets funds in one place, on purpose-built technology that didn’t exist until Titanbay built it.

Asset managers use Titanbay to bring private markets funds to market and run them at scale. Wealth managers access those funds and trade them through the systems they already have. Titanbay’s tech and regulatory infrastructure connects both sides, automating the operational complexity that traditionally fragments the industry.

For more information, visit titanbay.com

Media contact

Danielle Wilde
Head of Marketing, Titanbay
[email protected]

GlobeNewswire Distribution ID 1001187871

IRVINE, Calif., June 15, 2026 (GLOBE NEWSWIRE) — iHerb CEO Emun Zabihi was named an EY US Entrepreneur Of The Year^® 2026 Pacific Southwest Award winner. Zabihi was selected among nearly 1,000 program participants that included 592 finalists across 17 regions competing for the title.

Since becoming CEO in 2021, Zabihi has led iHerb through a period of significant international expansion and innovation. Today, iHerb serves millions of customers worldwide through a sophisticated global eCommerce and fulfillment network built on product authenticity, transparency and customer trust. Under Zabihi’s leadership, the company has strengthened its position as a global wellness eCommerce platform dedicated to helping consumers access high-quality health and wellness products wherever they live.

“This recognition is a testament to the remarkable team members who bring our mission to life every day,” said Zabihi. “As consumer demand for health and wellness continues to grow globally, we remain focused on innovation, customer trust and delivering exceptional experiences that help people live healthy lives.”

Now in its 41st year, the Entrepreneur Of The Year program honors business leaders for their ingenuity, courage and entrepreneurial spirit. It celebrates original founders who bootstrapped their business from inception or raised outside capital to grow their company, transformational CEOs who infused innovation into an existing organization to catapult its trajectory and multigenerational family business leaders who reimagined a legacy business model to strengthen it for the future.

Regional winners were chosen by an independent panel of past winners, top CEOs and business leaders. Judges assessed candidates on long-term value creation, entrepreneurial spirit, purpose-driven commitment, and significant growth and impact.

As a Pacific Southwest award winner, Zabihi will now be considered by the national judges for the Entrepreneur Of The Year 2026 National Awards, which will be presented in November at the annual Strategic Growth Forum^®, where high-growth CEOs, Fortune 1000 executives and investors converge to shape the future of business.

About Entrepreneur Of The Year
Founded in 1986, Entrepreneur Of The Year^® has celebrated more than 11,000 ambitious visionaries who are leading successful, dynamic businesses in the US, and it has since expanded to nearly 60 countries and territories globally.

About iHerb, LLC
iHerb is one of the world’s largest eCommerce retailers specializing in health and wellness, delivering products from approximately 2,000 brands to over 15 million active customers across 180 countries. Supported by a global workforce of nearly 2,000 team members, iHerb combines global scale with a deeply localized experience, offering service in 36 languages, over 80 currencies, and more than 40 local payment methods. iHerb’s sophisticated global supply chain network spans nine climate-controlled fulfillment centers located in the U.S., Asia and the Middle East, providing customers a seamless and reliable shopping experience. Founded in 1996 and based in Irvine, California, iHerb is on a mission to make health and wellness accessible to all. For more information, please visit corporate.iherb.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68f38e01-d020-42d8-8a40-76c68932ad8c

For media inquiries, please contact:
[email protected]

GlobeNewswire Distribution ID 9746524

Fabian Hodouschek, Head of Certification at the Federal Office for Information Security (BSI), presents the BSI NESAS certificate to Omar Shahdad, Senior Vice President, Operations at Mavenir

Fabian Hodouschek, Head of Certification, Federal Office for Information Security (BSI): “By issuing the first BSI NESAS cybersecurity certificate to the manufacturer Mavenir, we make an important contribution to securing Germany’s mobile telecom networks. It is the first certificate for a critical 5G core network component used by operators of public 5G mobile networks in Germany. It confirms that Mavenir’s Network Repository Function, including its development and lifecycle processes, meets the standards of the internationally recognized NESAS security framework. We congratulate Mavenir on this success and welcome the commitment of manufacturers to have their critical core network components certified according to BSI NESAS.”

This initial milestone positions Mavenir at the forefront of regulatory readiness following Germany’s mandatory BSI NESAS certification requirements that took effect on January 1, 2026, under the German Telecommunications Act (TKG) and the BSI Act (BSIG). Mavenir is progressing certification of its full Packet Core and IMS portfolio, with completion targeted by Q3 2026, enabling operators to deploy compliant, secure, and cloud-native network architectures at scale.

Omar Shahdad, Senior Vice President, Operations, Mavenir: “This certification validates Mavenir’s commitment to delivering not only industry-leading 5G software, but software that meets the most rigorous national cybersecurity standards. As regulators across Europe raise the bar for network security, Mavenir is ready.”

The certificate was awarded by the certification body of the Federal Office for Information Security (BSI) of Germany under the BSI NESAS certification scheme, a cybersecurity certification that builds upon the internationally recognized GSMA NESAS security assurance framework. BSI NESAS combines rigorous assessment of product development and lifecycle processes with hands-on security testing of the actual product, setting a high bar for critical network infrastructure.

The BSI NESAS certificate for Mavenir NRF CC 24.4.2 p4 is publicly available on the BSI website: https://www.bsi.bund.de/SharedDocs/Zertifikate_NESAS/NESAS-0007-2026.html?nn=1078814

For more information about the BSI NESAS certification scheme, visit: https://www.bsi.bund.de/dok/nesas-en

About Mavenir
Mavenir is enabling intelligent, automated, programmable networks through the development of telco-first, cloud-native, AI-by-design software solutions for mobile operators. The company’s deep telco domain expertise has been proven through deployments with 300+ operators globally in over 120 countries, which together serve more than 50% of the world’s subscribers. Mavenir combines its deep telco experience with the cloud and IT expertise and data science skillsets essential to solving real customer challenges. Its proven software solutions are AI by design, delivering the AI-native future and operators’ evolution to TechCos. ​For more information, please visit www.mavenir.com

Mavenir PR Contact:
Emmanuela Spiteri
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5374f4bb-25fe-4845-8d74-abb85ef9afa8

GlobeNewswire Distribution ID 9746873

Leading allergy experts to convene in Istanbul to explore how science, prevention and policy can reduce the global impact of allergic diseases

ZURICH, June 12, 2026 (GLOBE NEWSWIRE) — As allergic diseases continue to affect hundreds of millions of people worldwide and place growing pressure on healthcare systems, the European Academy of Allergy and Clinical Immunology (EAACI) is calling for a new ambition in global health: Vision Zero, a future free from allergy and asthma burden.

This vision will serve as the central theme of the EAACI Annual Congress 2026, taking place in Istanbul, Türkiye, from 12 to 15 June 2026, where thousands of clinicians, researchers and healthcare professionals will gather to discuss the latest scientific advances and the future of allergy and asthma care.

Rather than accepting allergic and respiratory diseases as an inevitable and increasing public health challenge, EAACI believes that scientific innovation, prevention strategies and coordinated policy action can significantly reduce their impact on individuals, families and societies.

“Vision Zero reflects our determination to move beyond disease management and towards disease prevention and burden reduction,” said María Torres, President of EAACI. “The scientific progress we are witnessing today gives us reason to be ambitious. Through collaboration across research, clinical practice and public health, we can work towards a future where allergy and asthma no longer limit the lives of millions.”

The Congress will showcase emerging research and clinical developments across immunotherapy, environmental and genetic factors, digital health technologies, precision medicine and preventive approaches. Discussions will also address health equity and the need to ensure that advances in allergy and asthma care are accessible to patients worldwide.

Allergic diseases are among the most common chronic conditions globally, with prevalence continuing to rise in many regions. The burden extends beyond healthcare, affecting education, productivity, quality of life and mental wellbeing. Against this backdrop, EAACI’s Vision Zero initiative seeks to encourage long term thinking about what is possible when scientific discovery is matched by effective implementation and policy support.

“The concept of Vision Zero challenges us to think differently,” said André Moreira, EAACI Vice President of Congresses. “It encourages the allergy community to focus not only on treating disease but also on preventing it, reducing its impact and creating healthier environments for future generations.”

Held at the crossroads of Europe and Asia, Istanbul will provide a fitting setting for international collaboration and knowledge exchange. The Congress is expected to bring together experts from across the world to accelerate progress towards a future where allergy and asthma burden is substantially reduced.

About EAACI

The European Academy of Allergy and Clinical Immunology (EAACI) is the leading professional organisation dedicated to excellence in allergy and immunology. EAACI works to improve the health of people affected by allergic diseases through research, education, advocacy and the promotion of high-quality patient care.

Media contact: [email protected]

GlobeNewswire Distribution ID 1001187306

Celebrating 10 years of NetBox, the company announces flagship NetBox conference to lead the next evolution of infrastructure innovation for the AI Era

NEW YORK, June 11, 2026 (GLOBE NEWSWIRE) — NetBox Labs today launched its infrastructure intelligence platform, a unified system that lets technology infrastructure teams model their intent, see what’s procured and how it’s deployed, act through AI-accelerated automation, and govern every change with guardrails for humans and AI agents.

With hundreds of thousands of deployments, NetBox is the industry standard system of record that sits at the core of the NetBox Labs Platform. Already critical to the operations of neoclouds, hyperscale AI datacenters, enterprises, and OT operators worldwide, companies like ARM, Cisco, CoreWeave and J.P. Morgan Chase rely upon the NetBox Labs Platform to manage complex, fast-evolving infrastructure at enormous scale. The platform’s breadth is reflected in how customers use it: more than a third rely on multiple NetBox Labs products to run their infrastructure operations.

Today, NetBox Labs is rapidly expanding its platform to address full-spectrum infrastructure intelligence needs for its massive install base. As networks and infrastructure have become more complex, teams need more than just a network source of truth to help them make sense of their increasingly complicated footprint. With today’s array of new capabilities, the NetBox Labs Platform extends infrastructure intelligence to organizations at any stage in their modernization journey to model, see, act upon, and govern their infrastructure with confidence.

MODEL: The World’s Infrastructure data

NetBox Data Exchange (NDX) is the world’s largest curated catalog of infrastructure component metadata, covering tens of thousands of device types across hundreds of manufacturers. Instead of digging through vendor PDFs, teams pull lifecycle, environmental, operational, and observability metadata directly into the NetBox Labs Platform, ready for planning, automation, compliance, and AI-driven workflows. More here.

NetBox Asset Lifecycle is a native procurement pipeline connecting network design to physical deployment. It generates and manages bills of materials (BOMs), purchase orders, shipments, and spares against planned DCIM objects – creating one auditable thread from approval through installation in the system of record teams already trust. More here.

SEE: Continuous Visibility from Intent to Reality

NetBox Assurance shows teams what’s deployed, how it’s changing, and where operational reality differs from intended design. The product’s discovery capabilities eliminate manual data entry and detect drift, while NetBox Assurance continuously validates that your system of record matches what’s running, so teams can understand and fix drift, ensuring automation always runs on current, accurate data. More here.

ACT: The Infrastructure Data Layer for AI Agents

The NetBox Labs Platform MCP Server and a new array of official agent skills for the NetBox Labs ecosystem make infrastructure readable and writable by AI agents. With comprehensive tools for every platform capability, per-user authentication, and data management guardrails with branching and change approval gates, any MCP-compatible agent can operate the NetBox Labs Platform, and the open library with dozens of agent skills teaches it to do so correctly. Now, any agent can work with NetBox Labs, complementing the platform’s embedded agent, NetBox Copilot. More here.

GOVERN: Compliance and Resilience, Validated before every Change

NetBox Validation brings continuous compliance auditing, pre-change safety verification, and infrastructure resilience analysis into the NetBox Labs Platform. It combines three engines — intent validation, configuration analysis, and infrastructure resilience — to answer two questions: “Is this change safe to deploy?“ and “What breaks if this fails?” With NetBox Validation, teams gain compliance and audit readiness. Meanwhile, AI agents gain critical guardrails and self-correction capabilities enabling agentic operations with confidence. More here.

The NetBox Labs Platform news comes as the company and the NetBox community celebrate a decade since the open source network source of truth was first released. Since its start in 2016, NetBox has earned 20,000+ GitHub stars, with more than 350 releases and 15,000+ commits from nearly 400 contributors, making it the world’s most widely adopted system of record for complex networks and infrastructure.

In 2023, NetBox Labs was founded as the commercial steward of NetBox with the mission to make it easier to build and manage complex networks and infrastructure. Over the last three years, the company has announced innovations spanning operations, observability, drift management, AI, and much more, rapidly extending the impact of the NetBox Labs Platform and driving accelerating growth and adoption. The company has raised more than $55 million from world class investors, and developed strategic partnerships across the global system integrator ecosystem including WWT, AHEAD, Presidio, and more.

“Ten years ago, NetBox solved a critical problem by giving infrastructure teams an authoritative source of truth,” said Kris Beevers, CEO and cofounder of NetBox Labs. “But today, enterprises of all maturity levels need more than just a source of truth. They need a system of record that delivers a trusted, continuously updated understanding of infrastructure that both humans and AI can operate against safely and confidently. Whether just starting out with agents or well on your way to an automated infrastructure management stack, NetBox Labs is the foundational platform for running infrastructure at any scale. We are proud of how far NetBox has come and thankful for our community. NetBox Labs will always invest in open source, while continuing to quickly expand our commercial platform to help organizations manage growing complexity with greater speed, confidence, and control.”

To mark the 10th birthday of open source NetBox, NetBox Labs will be hosting NetBox Evolve, its inaugural conference for the community, customers and partners, on October 13, 2026 at the Kennedy Space Center in Orlando, Florida. Those interested in learning more can visit netboxevolve.com.

About NetBox Labs
NetBox Labs simplifies the full infrastructure lifecycle for the world’s most demanding technical environments. As the commercial steward of NetBox, the open-source infrastructure system of record trusted by 10,000+ organizations for more than a decade, NetBox Labs streamlines infrastructure procurement, modeling, deployment and management for both humans and agents. The company’s infrastructure intelligence platform powers business-critical systems at companies like ARM, CoreWeave, J.P. Morgan, Kaiser Permanente, and Riot Games trust NetBox Labs to manage the networks and infrastructure critical to their business. Headquartered in New York City, NetBox Labs is backed by NGP, Notable Capital, Flybridge, IBM, Salesforce, and Two Sigma. Visit netboxlabs.com.

 

Media Contact: Rhiannon Pacheco - [email protected]

GlobeNewswire Distribution ID 9735294