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Votes counted, fiscal framework passed with 194 in favor (ANC, IFP, PA) and 182 against (DA, EFF, MK). National Coloured Congress MPs absent, FF Plus and ADCP vote against.
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Zimbabwe-born Tapiwa Gandidze, a candidate for the Labour Court judge position in South Africa, faced questions about her citizenship during interviews by the Judicial Service Commission. Chief Justice Mandisa Maya confirmed Gandidze’s South African citizenship acquired in 2016 or 2017. The commission is also seeking to fill vacancies in the Electoral Court.
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Absa Group Ltd plans to open a representative office in Dubai by early 2026, joining competitors like Investec and Standard Bank. The move aims to support African clients expanding into Gulf nations and assist Middle East-based businesses entering African markets. The decision aligns with Absa’s international strategy to enhance global presence and connect clients with opportunities in key markets.
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Uncertainty over South Africa’s budget vote led to a rand and bond slump. Lawmakers to vote on fiscal framework, with ANC seeking support from smaller parties. DA plans to oppose, risking coalition unity. Market concerns over government stability. Rand fell 1.3%. Treasury reassures government will function. Time for agreement, but market worries persist.
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SpaceX’s Starlink satellites expanding in Africa for improved connectivity. Facing resistance in some markets, South Africa’s MTN willing to collaborate. CEO Ralph Mupita talks about Low Earth Orbit satellites and Elon Musk’s claim of being blocked in South Africa. Interview with Bloomberg’s Jennifer Zabasajja.
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Police are ensuring a proper investigation into the rape of a seven-year-old in Matatiele, following nationwide demands for justice. The incident occurred in October 2024 at Bergview College. The mother has raised concerns on social media, prompting Police Minister Senzo Mchunu to promise a thorough investigation. DNA samples have been collected, and suspects, including the school principal, have been identified.
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ANC and IFP in GNU support fiscal framework report with ActionSA’s recommendation, key for 2025 Budget passage. ANC and DA divided, negotiations ongoing. ActionSA may assist ANC if talks fail. Beesley clarifies collaboration not GNU membership. Fiscal framework sets economic policy and spending limits. National Assembly to vote on Wednesday.
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Over 20 vehicles crash on N12 Westbound at Edenvale Road, causing injuries and traffic chaos. Two drivers sustain serious injuries, eight others minor injuries. Cause of crash unclear, investigation ongoing. Highway closed as emergency crews clear wreckage. Traffic disruptions expected to continue, delays likely.
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Sars Commissioner aims to recover R20-50 billion to boost fiscus. Growth areas: personal income tax (12.6%), corporate income tax (2.1%), VAT (2.3%). R301 billion recovered through compliance. Sars using tech like AI to combat criminality and non-compliance, safeguarding legitimate refunds and preventing fraud.
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Tshwane plans to build Africa’s largest automotive assembly precinct in Rosslyn, creating 150,000 jobs. The 7,157ha precinct will house major automotive assemblers like BMW and Nissan. The project, developed by the Automotive Industry Development Centre, aims to attract foreign and local investment over 40-50 years for economic growth and job creation.
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