Category BreakingNews

Cash-in-transit tsotsis NO match for brave guard!


Dailysun


Police in Mbombela are investigating an attempted cash-in-transit robbery on the N4 Road in Mpumalanga. A vigilant security guard driver averted the heist, causing the suspects’ Mercedes-Benz to catch fire. Multiple vehicles were involved, including a grey Toyota Fortuner and a white Ford Ranger. The security driver skillfully avoided the robbery by driving into oncoming traffic.



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South Africans kiss R520 billion goodbye


BusinessTech


Finance Minister Godongwana revealed that the government used R520 billion from crucial sectors to bail out state-owned enterprises. At the launch of the World Bank report “Driving Inclusive Growth in South Africa,” he emphasised the need for policy actions to drive economic recovery, create jobs, and boost public trust. The report suggests focusing on infrastructure and private sector involvement.



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ANC appoints new economic policy chief


Moneyweb


Zuko Godlimpi, deputy minister of trade and industry in Cyril Ramaphosa’s administration, has been named head of the economic transformation committee by the African National Congress. He is considered a potential future finance minister. The ANC’s restructuring follows opposition to a proposed VAT increase, leading to the budget’s postponement for the first time since 1994.



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Major bank in South Africa ‘discontinued’


BusinessTech


Bidvest Group has classified Bidvest Bank as a discontinued operation in its latest financial results, preparing for its sale to Access Bank. The Financial Services segment was dismantled, with Bidvest Bank and FinGlobal up for sale. Access Bank agreed to acquire Bidvest Bank for R2.8 billion, expanding its reach as a full-service commercial bank with a global presence.



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South Africa slumps on Trump and load shedding


BusinessTech


South African factory sentiment worsened in February, marking a fifth consecutive month of decline due to global trade concerns, US tensions, and power cuts. Absa Group Ltd.’s Purchasing Managers’ Index dropped to 44.7 from 45.3 in January, reflecting weakened confidence in business activity, new sales, and employment. Expectations for future business conditions also decreased amid uncertainties.



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DJ Sbu makes U-turn on Radio 2000 resignation as Mbuyiseni Ndlozi gets support on his radio debut


The Citizen


DJ Sbu returns to Radio 2000 after resigning from the breakfast show last month, announcing a new 12-month agreement. The media personality had initially decided to leave the station but had a change of heart. Ndlozi received support from competitor stations’ on-air personalities on his debut. Radio 2000’s breakfast slot has seen multiple hosts since 2019.



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Private hospitals in South Africa take the NHI to court


BusinessTech


The Hospital Association of South Africa (HASA) challenges the NHI in court, citing constitutional and financial concerns. HASA represents major private healthcare providers and argues that the NHI violates the right to access healthcare services. They claim the scheme is financially unfeasible and lacks evidence of affordability, potentially disrupting healthcare access and causing funding shortfalls.



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Court opens door to Zuma clan’s Hilton College land claim


Business Day


Community claims land of Hilton College, SA’s priciest private school, was taken forcefully over 100 years ago. Land court overturns 2005 decision rejecting claim by Nxamalala tribe leader, Inkosi Sikholwa Zuma, deeming it frivolous. Court rules claim based on racial removals, not tribal jurisdiction. Former president Jacob Zuma linked to tribe. Land covers 1,695ha in KwaZulu-Natal, including nature reserve.



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