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ArcelorMittal South Africa delays wind-down of Long Steel business, saving jobs. Decision pushed to August 2025 due to high costs and logistics issues. Financial support from IDC helps defer shutdown. Previous cash injection also delayed closure.
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South Africa’s Public Works Minister plans to establish a state-owned company to manage the government’s vast real estate holdings worth R155 billion. The initiative aims to attract private investment into infrastructure projects and address issues of neglect and corruption. The department seeks guidance on creating a financially viable entity with proper governance to leverage the assets for economic growth.
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The Department of Small Business Development launched DSBD Connect, a digital platform to support spaza shops and combat illegal businesses in South Africa. It includes a verified database, business authentication, partnerships with OEMs, and access to funding. This initiative aligns with President Cyril Ramaphosa’s efforts to promote legal businesses and community empowerment.
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Zimbabwean national protest to pressure President Mnangagwa turned into a shutdown as citizens stayed away due to heavy security presence. Few protesters dispersed by police. Protest leader urges bravery. Calls for VP Chiwenga to replace Mnangagwa. Videos show police using teargas. Protester voices hardships. Mnangagwa became president in 2017 after Mugabe’s ousting.
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Survivor in Mandalay reports bodies being “cremated in stacks” following earthquake. Despair and trauma among survivors, with many choosing to sleep on the streets due to ongoing aftershocks. Young children particularly affected, refusing to return to damaged homes.
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A 27-year-old Zimbabwean national faces murder charges for a violent attack in Soshanguve, South Africa, where six people were killed. The man, in the country illegally, was identified and arrested for possession of firearms and ammunition. He appeared in court facing multiple charges, including murder, attempted murder, and robbery.
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Outrage in Pretoria as 7-year-old Cwecwe is raped on school premises. Not In My Name demands justice and accountability from school staff. Civil rights movement calls for an end to violence against children. Law enforcement urged to investigate and find perpetrator.
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ArcelorMittal South Africa delays closure of long steel plants to August 31, receiving $91.50 million injection from state-owned Industrial Development Corporation. Talks with government ongoing for relief package after failing to secure concessions on demands.
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SA’s Minister of Forestry and the Environment grants Eskom limited exemptions from Minimum Emission Standards for 8 coal-fired power stations. Exemptions come with strict conditions, including emission reduction measures and health interventions. Two power stations granted nine-year exemptions until decommissioning in 2034, while six others granted five-year exemptions until 2030.
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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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