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South Africa faces higher costs for raising foreign debt due to Trump’s tariffs, leading to increased sovereign spread. The country plans to raise $14.6 billion over three years to meet foreign-exchange commitments.
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Trump’s new tariffs, including a 104% duty on Chinese goods, have been implemented, escalating the global trade war. The S&P closed below 5,000 for the first time in nearly a year, with fears of recession and stock market losses totaling $5.8tn since the tariffs were announced. The US’s reciprocal tariffs are shaking the established global trading order.
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A former Mpumalanga teacher ordered to pay two years of future maintenance in a lump sum to a schoolgirl he impregnated twice. The pupil, living with pensioner parents, has no income and contracted HIV from the teacher. Section27 obtained the maintenance order at Nkomazi magistrate’s court on April 3, representing her since 2022. The teacher pressured her into terminating her first pregnancy with rat poison.
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A fatal shooting occurred inside the Wynberg Magistrates’ Court in Cape Town, shifting focus to court security. Two years ago, a woman accused of murder was shot nearby. Police are investigating the recent incident, which happened while many people were in the building, raising fears of the killer(s) being on the loose. Sergeant Wesley Twigg confirmed a murder case is under investigation.
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Four alleged suspects were killed by KwaZulu-Natal police on the M4 southern freeway near Durban. ALS paramedics found the men with multiple gunshot wounds, declaring them deceased on the scene. No police officers were injured. Authorities are investigating the incident, with limited details provided by police spokesperson Col Robert Netshiunda.
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Declan Rice scored two stunning free-kicks as Arsenal beat Real Madrid 3-0 in the Champions League quarter-final. Rice’s first-ever direct free-kick goals left Madrid stunned. Mikel Merino added a third goal for Arsenal. Arsenal’s lineup included standout performances from Rice and Merino, while Real Madrid struggled to make an impact.
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Experts dispute claims of dire wolf brought back from extinction by Colossal Biosciences. Company bred three wolf puppies using genetic engineering and ancient DNA, but independent experts say they are genetically modified grey wolves, not dire wolves. Colossal aims to bring back extinct animals like the woolly mammoth and Tasmanian tiger. Biological differences noted between the wolves.
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The ANC’s National Working Committee decision to ‘reset’ the national coalition may bring real change but also potential turmoil. ANC leaders express strong feelings towards the DA, accusing them of lying and trying to divide government. Both parties have been antagonizing each other unnecessarily. The ANC plans to engage with coalition and non-coalition parties in the next five days regarding the Budget negotiations.
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South Africa’s rand nears record low against US dollar at R19.75, dropping over 7% in a week. Uncertainty over government of national unity and Trump tariffs weigh on currency. JSE gains in line with global markets. Rand also hit record low against British pound. ANC and DA fallout over national budget and VAT hike blamed for currency woes.
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Standard Bank’s Group CEO Sim Tshabalala will become Interim CEO of Standard Bank South Africa from April 8, 2025, pending regulatory approval. He will hold dual roles until further executive succession announcements. Kenny Fihla, resigning as South Africa CEO, will become Absa Group CEO. Lungisa Fuzile will serve as Interim Chief Executive of Africa Regions and Offshore, reporting to Tshabalala.
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