Category BreakingNews

Senior ANC MP accuses Solly Malatsi of favouring Starlink over BEE – TechCentral

TechCentral

South African MP accuses communications minister of trying to weaken local ownership laws to accommodate foreign businesses like Elon Musk’s Starlink. Minister aims to introduce equity equivalent programs to attract multinationals unable to meet local equity requirements. ANC committee chair warns against undermining transformation goals and empowerment legislation.
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Trump’s latest tariffs loom, set to deepen global trade war

Daily Maverick

Trump’s “reciprocal” tariffs, including 104% duties on Chinese goods, took effect at 0401 GMT. The global market sell-off resumed after a brief respite, with fears of recession and S&P 500 nearing a bear market. S&P 500 companies lost $5.8 trillion in stock market value since Trump unveiled tariffs. Asian markets, including Japan’s Nikkei and South Korea’s won currency, experienced declines.
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Google warns SA media revenue fight will hurt investment

Daily Maverick

Google criticizes Competition Commission’s Media and Digital Platforms Market Inquiry, arguing it overlooks changing consumer behavior. The tech giant warns against implementing recommendations that could limit consumer choice and diversity of news sources in South Africa. Google defends its support for journalism and opposes being forced to prioritize local news content algorithmically.
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ANC NWC resolves to ‘reset’ relationship with DA, other partners

Daily Maverick

The ANC accuses DA of acting as opposition, plans to engage parties on Budget over 5 days. ANC struggles to find revenue source to replace VAT hike. Fiscal framework passed with help from smaller parties, including ActionSA and Bosa, on condition of exploring alternatives to VAT increase. Collaboration in Parliament for negotiation and progressive change.
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Iran says talks with US will be indirect, contrary to Trump’s words

the Guardian

Iran and US to hold talks on nuclear program in Oman, with Iran preferring indirect format. Trump’s revelation caught Iran off guard, warning of “great danger” if talks fail. US military buildup in Middle East adds urgency to negotiations. US delegation led by Steve Witkoff, Iranian side by Abbas Araghchi. Iran had been stalling on talks, but now sees it as an opportunity.
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