Category BreakingNews

BusinessTech

Turkey’s Foreign Minister Hakan Fidan expressed interest in joining BRICS nations to boost the economy after EU membership efforts failed. President Erdogan aims to expand economic options, with the EU as the first choice. Turkey continues to seek alliances beyond the EU, citing cultural differences as a barrier to accession. Despite submitting a bid, Turkey has only received “partner-country status” in BRICS.

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TechCentral

Communications Minister Solly Malatsi emphasized the importance of affordable smart devices for all South Africans to access the digital economy. Speaking at a workshop, he highlighted the role of digital tools in empowering individuals economically. The event aimed to address device affordability with industry stakeholders, including mobile operators and the World Bank.

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BusinessTech

South Africa’s fiscal multiplier is shrinking due to government’s ineffective spending, risking economic disaster. The multiplier measures the impact of fiscal spending on GDP. If above 1, spending leads to growth; below 1 means overspending. South Africa’s spending hasn’t boosted growth as desired, with examples like inefficient infrastructure projects. Effective government action is crucial to avoid economic decline.

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EWN

The uMkhonto weSizwe (MK) Party has taken disciplinary action against Duduzile Zuma-Sambudla, daughter of party leader Jacob Zuma, for a profanity-laden social media rant targeting Secretary General Floyd Shivambu. Zuma-Sambudla issued public apologies and faces charges of ill-discipline, according to MK Deputy Secretary General Nombuso Mkhize.

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BusinessTech

Brooklyn Mall in Pretoria, a major shopping center, is implementing a turnaround plan to combat high vacancies and attract investment. Despite its prime location near embassies and schools, the mall has faced challenges with increasing vacancies and declining rental income. The mall, established in 1989, covers 75,259 square meters and hosts 220 stores, catering to affluent customers from surrounding areas.

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EWN

Judicial Conduct Tribunal to probe Western Cape Judge Mushtak Parker for alleged misconduct. Complaints filed by 10 judges and Cape Bar Council. Parker suspended in 2020, first for country. Allegations question integrity, including contradictory statements and failure to disclose information. Connected firm accused of misusing client’s money. Hearings set to begin after five years.

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Sky News

Hackers stole $1.5 billion in digital currency from Bybit exchange, the largest cryptocurrency heist. An attacker accessed an Ethereum wallet and transferred funds to an unknown address. Bybit assured that only one wallet was affected, with withdrawals operating as usual for its 60 million users globally.

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SAnews

Minister Ramokgopa assures South Africa will resolve load shedding crisis by end of the week. Eskom implemented Stage 6 load shedding, aiming for normality. Ramokgopa confident in overcoming the crisis, urges country to adapt to normal conditions.

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News24

Severe thunderstorms and rain in Limpopo and KZN may cause local flooding and infrastructure damage. Yellow Level 2 warnings issued for both regions. Disruptive rain expected in extreme north-eastern KZN Extended outlook predicts isolated showers in eastern provinces and hot weather in north-western areas. Yellow Level 1 warning for sea travel between Lambert’s Bay and Cape Point due to damaging winds.

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Dailysun

A man’s body was found in Letaba River in Lulekani, Limpopo. Police are investigating the incident after the 36-year-old man, reported missing, was discovered in the crocodile and hippopotamus-infested river. Community members noticed clothes in the river, leading to the discovery of the body with matching identification. In a separate incident, a boy went missing in Dwaalboom floods.

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