Author: Larson Thebe
The South African Reserve Bank Monetary Policy Committee (MPC) has once again kept the repo rate unchanged at 8.25% while the prime lending rate also stays at 11.75%. This was announced by Governor Lesetja Kganyago during a media briefing in Pretoria, adding that it was a unanimous decision by members of the MPC. The repo rate has remained the same since May last year, and it’s the fifth consecutive time that the MPC has kept it in the same position. Kganyago said in assessing the forecast, the MPC noted a range of risks, including inflation. “Since the start of the…
Bafana Bafana coach Hugo Broos has expressed happiness after the team delivered an outstanding performance last night against Algeria, at the Nelson Mandela stadium in Algiers in the FIFA International Series. The teams played to a six-goal thriller at the packed stadium, in one of the highest scoring games by Bafana Bafana. The North Africans were the first to take the lead in the 22nd minute, before Themba Zwane equalised for the visitors and scored another to take the lead. But the Desert Foxes, as Algeria is popularly known, clawed their way back in the 53rd minute to level the…
The Department of Higher Education Minister Blade Nzimande has confirmed that the department has cancelled the registration of four Educor institutions after failing to submit their 2021 and 2022 financial statements and not complying with the regulations. The four are City Varsity, Damelin, Icesa City Campus and Lyceum College. “In line with these legal prescripts, on 26 July 2023, the Director-General, in his capacity as the Registrar of Private Higher Education Institutions, cancelled the registration of the following Educor Institutions,City Varsity, Damelin, Icesa City Campus and Lyceum College. “These cancellations were carried out in accordance with the 2016 Regulations for…
South Africa has welcomed the adoption of a resolution by the United Nations Security Council (UNSC), which demands an immediate ceasefire in the Gaza Strip for the Holy Month of Ramadan leading to a lasting sustainable ceasefire. The resolution also demanded the immediate and unconditional release of all hostages. The resolution was voted by 14 council members, while the United States, a staunch ally of Israel, abstained from the vote. There was applause and sigh of relief in the chambers after the vote, marking the first time the council called for a ceasefire since the ‘war between Hamas and Israel…
The Pretoria Specialised Commercial Crimes Court has granted Stephanus Johannes Grobler, the former Director of Steinhoff a R150 000 bail. He is facing charges of racketeering, three counts of fraud worth R21 billion, manipulation of financial statements and failure to report fraudulent activities. Steinhoff was a multinational holding company that was listed in Germany and South Africa and was officially liquidated on 13 October 2023. Grobler handed himself over at the Pretoria Central Police Station last week Friday and spent a weekend in jail. His co-accused, former Steinhoff CEO Markus Jooste committed suicide last week Thursday in Hermanus, Western Cape,…
Bafana Bafana coach Hugo Broos said he will field a strong team against Algeria, when both teams meet in the FIFA International Series in Algiers. This after a poor showing by Bafana Bafana second string squad which played to a 1-1 draw against lowly-ranked Andorra last week in Annaba. “If you compare Andorra with Algeria, there’s lots of difference in quality. We need to put our best team on Tuesday. We cannot afford to experiment again. Also, players who did not play on Thursday will not be tired, and they will be fresh to play. “It will be a difficult game,…
Bafana Bafana head coach Hugo Broos says despite a disappointing 1-1 draw with European minnows Andorra, he’s pleased with some of the new call players who featured in the match on Thursday. This as the team is playing in the FIFA International Series which also features the host Algeria. The team didn’t resemble the one that won a bronze medal at the recent AFCON held in Ivory Coast, and four players, Elias Mokwana Thapelo Xoki, Mlondi Mbanjwa and Patrick Maswanganyi, made their debut. Goalkeeper Ricardo Goss made a blunder in the fifth minute before allowing Ricardo Fernandez to tap into…
The decisions we make now inevitably shape the prospects for generations to come. So tackling a long-term problem like climate change raises an intergenerational moral dilemma: should we invest in solutions that might not personally benefit ourselves but will help future generations reach net zero – or should money be spent to ensure everyone right now has the best possible quality of life? Some of these choices people make may depend on gender. Women are more likely than men to be more concerned for the wellbeing of future generations and more likely to bear the costs of costly climate mitigation…
At least 17 people were hurt and several residential, commercial, and educational structures were damaged as a result of Russia’s heaviest missile attack on Kyiv and the surrounding area in recent weeks, according to officials. Following a 44-day break in such strikes on the Ukrainian capital, the air force claimed that all inbound missiles were shot down by its defenses. It looked as though falling debris was the cause of the damage. City and regional officials said at least 13 people were injured in different parts of Kyiv and four more in the surrounding region. An 11-year-old girl was among…
The US has filed a landmark lawsuit against Apple, accusing the tech giant of monopolising the smartphone market and crushing competition. In the legal action, the justice department alleges the company abused its control of the iPhone app store to “lock in” customers and developers. It accuses the firm of taking illegal steps to thwart apps seen as a threat and make rival products less appealing. Apple has vowed to “vigorously” fight the lawsuit and denies the claims. The sprawling complaint, filed at a federal court in New Jersey along with the attorneys general of 16 states, marks one of…