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President Trump’s announcement of 25% tariffs on all imported vehicles and auto parts has sent shockwaves through US automakers and global rivals. The move could significantly increase the cost of US vehicles and disrupt production in North America due to intertwined manufacturing operations.
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Westown smart city in Shongweni, Durban, launches first phase with Westown Square mall opening on March 27. Dubbed the “Midrand of KZN,” the mixed-use development aims to be an economic hub, generating R15 billion investment and 23,000 jobs over 10-15 years. The Square combines retail, dining, and event spaces, with The Barn offering artisanal shopping experience.
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President Trump plans to impose 25% tariffs on imported cars and parts starting April 3, leading to a significant increase in auto prices in the US. The move will raise production costs by thousands of dollars per car, affecting both imports and American-made vehicles. Experts warn of an imminent spike in prices, causing potential sticker shock for consumers.
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Johannesburg prepares for G20 summit in November, facing scrutiny over municipal management. Mayor and departments work to clean city ahead of event. President Ramaphosa forms working group to accelerate service delivery and economic growth. Opposition questions effectiveness of task team.
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Cape Town Mayor Geordin Hill-Lewis plans to deploy 500 new law enforcement officers to tackle violent crime, bringing the total to 1,000 under his administration. The city will also insource security services to improve service delivery and break the extortion cycle. The safety and security budget for 2025/26 is R6.7 billion, showing a commitment to making Cape Town safer.
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Foreign investors sold South African equities rapidly in Q4 2024, shifting focus to bonds, resulting in reduced portfolio inflows. South African Reserve Bank reported a 26% decrease in inflows to R33.4 billion. Non-residents sold R19.7 billion in domestic stocks, a reversal from the previous quarter’s purchase of R4.1 billion. This marked the largest selloff since Q3 2023, while foreigners acquired R53 billion in debt securities.
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Jannie Mouton and family join South Africa’s dollar-billionaires on Forbes’ list. Mouton, a businessman, founded PSG Group after starting his career as an articled clerk at PwC. He qualified as a chartered accountant in 1973 and co-founded his first stockbroking business. Fired in 1995, he then partnered with Chris Otto to start PSG Group, buying 51% of a recruitment company.
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The City of Johannesburg is considering the diplomatic implications of renaming Sandton Drive to Leila Khaled Drive, potentially affecting the US Embassy in South Africa. The proposal, initiated by Al Jamah-ah, has sparked concerns amid strained US-South Africa relations. Mayor Dada Morero urges political sensitivity, with discussions ongoing between the city and national government.
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Adventure guide Mike Copeland and a traveler witnessed a mesmerizing sight of hundreds of thousands of demoiselle cranes migrating over the Nile River from Central Asia to Africa. The graceful birds, flying high and communicating with each other, left the observers in awe before continuing their journey south. The traveler later encountered a crane at a sanctuary in the Drakensberg mountains.
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President Trump nominated conservative media critic Leo Brent Bozell III as US ambassador to South Africa, causing tensions with the country. Bozell, with no experience in Africa, is known for attacking liberal media and supporting Israel. Critics fear he will provoke conflict with the South African government.
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