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South Africa’s government has increased debt over 15 years, damaging its international reputation. Global debt hit a record $331.8 trillion by June 2024, with a $88.2 trillion rise in the past decade. South Africa’s total debt reached $699 billion, but global debt growth is concentrated in six countries.
Zimbabwe’s ruling Zanu-PF party aims to extend President Mnangagwa’s term until 2030, two years beyond his current limit. The party seeks ways to achieve this, possibly through constitutional changes. Mnangagwa’s second term ends in 2028, as per the constitution’s two-term limit. The late Robert Mugabe previously led Zimbabwe for decades.
Eskom reports no load-shedding expected this summer with an average unplanned unavailability of 11,500MW. The power utility achieved 292 consecutive days without load-shedding by January 13, 2025, following a milestone of 275 days in 2024. Improved maintenance and a Generation Recovery Plan contributed to the stable electricity supply in South Africa, a luxury after 15 years of rolling blackouts.
A rescue operation at the Buffesfontein gold mine in Stilfontein has saved 56 illegal miners and recovered 15 bodies. The operation, which began on Monday, saw 26 people rescued and 9 bodies found that day. On Tuesday, 30 more miners were rescued and 6 bodies were retrieved. The operation involved a 45-tonne mobile rescue winder crane.
Meta is laying off 5% of its staff based on performance and will hire new employees to replace them. Riley Griffin is reporting on the company’s restructuring.
Nvidia announces upcoming Windows on ARM chip with Mediatek, while Valve’s SteamOS and Microsoft’s Xbox UI compete in handheld gaming. CES 2025 showcases new computers, chips, cars, and more.
South Africa’s richest man, Johann Rupert, fully divests from British American Tobacco, ending family ties to the industry. Reinet Investments sells over 43.3 million shares at £28.20 each, raising £1.22 billion. The divestment was completed through an accelerated bookbuild process.
Matric pass rate in 2024 is 87.3%, with 50% of students completing Grade 1 to matric. Minister of Basic Education Siviwe Gwarube announced record-high pass rate, with 614,562 learners passing exams. NSC pass rate increased from 60% in 2009 to close to 90% in 2024, with a 6% increase in bachelor passes.
The transition to renewable energy in Africa can promote gender equality and empower youth. Energy poverty affects 600 million Africans, with women and youth disproportionately impacted. Integrating gender and youth perspectives in energy policies can unlock economic opportunities. Inclusive strategies, education, and partnerships are crucial for sustainable development in the renewable energy sector. Karabo Mokgonyana advocates for these initiatives at Power Shift Africa.
Republicans criticize Biden’s $770 one-time payment for LA fire victims, comparing it to $500m aid for Ukraine. White House defends the $5m cost, part of a larger relief effort. Victims can also claim $43,600 FEMA grants. Fema has $27bn for disaster relief. US has given $85bn to Ukraine since early 2022.
