Category BreakingNews

Fin24

Finance Minister Enoch Godongwana faces a budget impasse, with various options to resolve the issue after Cabinet rejected a reworked budget. The ministry in the presidency stated that Godongwana must choose an option that considers fiscal constraints, supports economic growth, and lessens the impact on the poor. The budget is set to be presented to parliament on March 12, 2025, after Cabinet’s input process.

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BusinessTech

Shoprite Group in South Africa reports a significant increase in store openings, with 264 new stores added in the first half of the financial year. The group plans to open 122 more stores, focusing on its USave brand and adjacent businesses like clothing and pet brands. CEO Peter Engelbrecht highlights the success of expanding these formats.

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EWN

The Democratic Alliance (DA) and government of national unity (GNU) have not reached an agreement on the national budget, particularly regarding a proposed VAT increase. The budget speech was postponed for the first time ever, with less than a week until its presentation. The finance minister is considering various options, but the DA leader stated that no agreements have been reached yet.

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SABC News

Limpopo Deputy Police Commissioner Jan Scheepers declares the province as one of the safest in the country. Crime statistics show drops in 17 major crime categories, but Thohoyandou area remains a concern with high rates of crime. Major-General Eddie Van der Walt attributes the rise in crime to the proliferation of liquor outlets, leading to daily raids and closures of 335 sheebens and 627 taverns.

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Daily Maverick

Suspended NLC company secretary Nompumelelo Nene, facing 145 disciplinary charges, resigns after earning R6 million on full pay since suspension in November. Nene accused NLC of unfair dismissal in her resignation letter, denying allegations.

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BBC News

Trump’s decision to halt military aid to Ukraine after a tense meeting with President Zelensky has raised concerns in Washington. Ukraine heavily relies on US aid since the 2022 Russian invasion, and the pause could impact the war. Democrats criticized the move, while some Republicans, like Sen. Collins and Rep. Bacon, expressed disapproval, noting Russia’s continued support.

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SABC News

Zanzou nightclub director Neo Moela apologizes for assault incident at the club. Video of physical and sexual assault at Pretoria nightclub goes viral. One arrest made, with seven complainants identified. Moela not treated as suspect by police, cooperating with investigation. Police seeking other individuals involved in the incident.

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Business Day

Rwanda demands £50m from Britain over cancelled asylum deal amid aid pause due to Congo war. Kigali seeks payment following UK’s punitive measures and alleged breach of trust. UK had scrapped Conservative government’s asylum plan costing taxpayers £700m. Rwanda accuses UK of coercing compromise on national security. UK Foreign Office yet to respond.

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EWN

Johannesburg Mayor Morero welcomes President Ramaphosa’s surprise visit to crack down on lawlessness in the CBD. Morero acknowledges the need for cleanup but denies an indictment on city leaders. Ramaphosa’s visit precedes a meeting with city officials to address concerns about the inner city’s state.

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Business Day

The UN’s World Food Programme is closing its Southern Africa bureau in Johannesburg due to funding constraints, with the US slashing foreign aid contracts globally. The agency did not specify the impact of Trump’s aid cuts, but noted a constrained donor funding outlook. The US is the largest donor to the WFP, contributing $4.5bn of its $9.8bn budget last year.

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