Category BreakingNews

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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BusinessTech

President Cyril Ramaphosa met with government ministers and business leaders to reaffirm their commitment to growing the economy. The focus for 2025 is on reforms in energy, transport, crime, and youth employment. Organized business previously supported the government in key areas, leading to reduced load shedding and improved security. Phase 2 aims to implement interventions to boost GDP growth.

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AP News

Dozens of emaciated men rescued from an abandoned gold mine in Stilfontein, South Africa, were found in small caves, some unable to stand. The miners suffered from lack of food and poor living conditions, with bodies of the deceased nearby. Police crackdown on illegal mining disrupted supply deliveries. Rescuers faced challenging conditions in the damp, foul-smelling environment.

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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. Hearings to continue until 24 January.

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EWN

Five mutilated bodies of men aged 19 to 26 were found in Inanda, KZN. The victims were allegedly kidnapped from their homes in Bambayi and discovered with multiple injuries. One victim had an arm chopped off. Police are conducting a manhunt for the perpetrators, urging anyone with information to come forward. Motive for the killings remains unknown.

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EWN

Gauteng police arrest a 35-year-old man in Midrand for possession and distribution of 10 million child pornography images and videos. Police spokesperson Amanda van Wyk confirms the suspect’s arrest and ongoing raid at his estate.

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