Category BreakingNews

the Guardian

Global markets brace as Trump plans reciprocal tariffs, facing opposition from some Republican senators. Critics warn of global trade war with China, Canada, and EU. Trump promises to be “very kind” to trading partners, citing need for reciprocal action. Senators consider resolution to block tariffs on Canada. Senator Collins warns of harm to Maine from Canadian tariffs.
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TimesLIVE Premium

A magnitude 7.7 earthquake in Myanmar’s Sagaing region caused extensive damage and shook Thailand. Myanmar is highly vulnerable to earthquakes due to its location on the boundary of two tectonic plates. While large quakes are rare in Sagaing, the region has experienced significant seismic activity in recent years. The Friday quake was particularly damaging due to the region’s history of seismic events.
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Moneyweb

Capitec Bank Holdings, South Africa’s largest lender by customers, appoints Graham Lee as CEO to succeed Gerrie Fourie, who led the bank’s growth to serve over 24 million clients. Lee, head of the retail unit, will take over on July 19. Capitec plans to expand into small and medium-sized businesses and insurance. The bank’s stock has been the best performer in South Africa since 1994.
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BusinessTech

Thabo Mbeki, former South African president, is embroiled in a legal battle between the government and apartheid victims’ families seeking justice. The victims are demanding damages and a commission of inquiry into unprosecuted crimes. Mbeki denies accusations of political interference and being the target of the inquiry, aiming to resolve long-standing disputes over past administrations’ failure to pursue cases.
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Daily Maverick

Asian equities rise on Wall Street gains, gold hits record high, and Treasury yields fall as markets await Trump’s tariff details. Yen strengthens as safe havens in demand. Aussie weakens ahead of RBA decision. Oil eases from 5-week high. Regional stocks find relief after March worries. Nikkei up 0.7%, KOSPI advances 1%.
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News24

Morning fog expected in Mpumalanga, Free State, and KwaZulu-Natal. Thunderstorms may bring heavy rain, potential flooding in Gauteng, North West, Northern Cape, Free State, and KwaZulu-Natal. Yellow Level 2 warning for severe thunderstorms in parts of KwaZulu-Natal, North West, and Free State. Yellow Level 1 warning for Eastern Cape. Gauteng to be cloudy in the morning, becoming partly cloudy and cool later.
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My Broadband

Most South Africans in IT need 5-10 years experience to surpass average monthly salary of R28,231. Stats SA data shows slight decrease from previous quarter. MyBroadband uses Analytico data to compare IT sector salaries, highlighting roles like software development and IT management. Entry-level positions for software developers and IT analysts can earn up to R39,000 and R34,000.
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BusinessTech

Industry experts praise the Department of Home Affairs for eradicating 94% of the 300,000 visa backlog in South Africa. However, concerns arise over higher rejection rates and appeals due to expedited processing. Minister Leon Schreiber extends reprieve for foreigners with pending applications until 30 September 2025, allowing them to stay under specific conditions.
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BusinessTech

Naked co-founder Ernst North warns South Africans about habits that can devalue cars. The fully digital insurance platform, launched in 2018, offers quick insurance quotes and has raised $38 million in funding for expansion. North advises on maximizing car resale value for South African motorists.
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SABC News

President Cyril Ramaphosa extends well wishes to the Muslim community as they celebrate Eid-ul-Fitr, following the sighting of the new moon in South Africa. He emphasizes the importance of common values like generosity and compassion during Human Rights Month. Eid-ul-Fitr marks the end of Ramadan, a month of fasting and reflection for Muslims.
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