Category BreakingNews

The mail& Guardian

The Prudential Authority’s move to liquidate Ithala could close 257,000 depositors’ accounts as legal proceedings unfold. Ithala’s financial troubles led to the decision, with the Reserve Bank citing insolvency and lack of compliance. Ithala disputes the claims, seeking government intervention to prevent closure and job losses. Deposit protection is assured by a government guarantee.

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The mail& Guardian

Eastern Cape judge president Selby Mbenenge faces sexual harassment allegations from colleague Andiswa Mengo, who testified about inappropriate WhatsApp exchanges. Mbenenge denies sending explicit messages but admits to flirtatious communication. The tribunal is ongoing, with Mbenenge being the first South African judge facing impeachment for sexual misconduct. Hearing to continue until 24 January.

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EWN

Ceasefire in Gaza conflict to start Sunday at 0630 GMT, following approval by Israel’s cabinet and mediation by Qatar, US, and Egypt. Israeli strikes continue, with casualties reported in Gaza. Previous truce in November 2023 also involved hostage-prisoner exchange. Yemen rebels claim support for Palestinians.

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BBC Sport

Eliud Kipchoge, a distance running great and two-time Olympic marathon champion, will return to the London Marathon in April. The record four-time winner of the men’s race aims for a fifth victory despite a recent mid-race drop-out at the Olympics. Kipchoge, 40, remains determined to inspire and compete, training hard for the upcoming event on Sunday, 27 April.

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BBC News

TikTok goes offline in the US ahead of a new ban, with a message stating users can’t access the app. President-elect Trump plans a 90-day reprieve once in office. The app is removed from US app stores and website. Trump aims to work on a solution with TikTok.

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EWN

Mzwandile Masina, chair of the National Assembly’s trade committee, will meet with major banks next month to discuss lending practices. The meeting aims to review credit laws and ensure fair treatment for South Africans seeking credit. Masina emphasizes the need to protect individuals applying for credit out of desperation.

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BusinessTech

Agbiz Chief Economist Wandile Sihlobo predicts a short-lived avocado shortage in South Africa, with supplies expected to improve by February. The country’s avocado season runs from February to September, and high global demand in 2024 led to tight domestic supplies. Sihlobo expects prices to moderate as production increases, with over 120,000 tonnes of avocados produced annually for domestic and export markets.

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BBC News

US President-elect Donald Trump launches $Trump cryptocurrency, reaching $5.5bn market cap within hours. Coordinated by CIC Digital LLC, an affiliate of the Trump Organization. Meme coins lack intrinsic value and are highly volatile investments. Trump set to take office as 47th president on Monday.

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BusinessTech

South Africa’s rental market in 2025 shows positive signs for landlords, with vacancy rates at a record low of 5.07%, down from 6.72% in 2024. The TPN Vacancy Survey Report indicates strong demand for rental properties, offering potential for steady income and higher returns for property investors.

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BusinessTech

Electricity minister Kgosientsho Ramokgopa acknowledges a 180% increase in Eskom bills over the last decade due to rising generation costs. Initiatives like Free Basic Electricity for indigent households and expanding renewable energy aim to alleviate the burden on consumers. Solar and wind projects are achieving low prices per kWh.

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