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Competition Commission finds Google and Big Tech monopolies harming media, recommends R300-500 million annual payment to media fund for 3-5 years. Report highlights unfair revenue distribution, impact on community media. Inquiry open for public comment for six weeks.
Bitcoin and cryptocurrency prices plummet after a major hack at Dubai-based Bybit exchange, sparking concerns of price manipulation. The market briefly spiraled but recovered as U.S. Senator Cynthia Lummis hints at new legislation. Elon Musk’s potential Federal Reserve overhaul raises fears of a “nightmare” scenario for bitcoin. Federal Reserve chair Jerome Powell faces stagflation challenges.
South African-born Steve Raucher’s emergency response technology firm RapidDeploy, founded by him, has been acquired by Motorola Solutions. The deal is described as a landmark transaction and one of South Africa’s largest tech exits. A significant portion of the technical team will continue operating from Cape Town. Raucher, a former financial trader, has over two decades of experience in finance.
Prime Minister of DRC reports 7,000 deaths in eastern Congo conflict, with 450,000 displaced. M23 rebel group’s advance sparks fears of wider war. Rwanda denies supporting M23. UN chief Guterres highlights human rights abuses in DRC at UN Human Rights Council. PM calls for global action and sanctions.
Geologists have discovered large low-shear velocity provinces or superplumes surrounding the Earth’s core, representing 8% of the mantle’s volume. The origin and composition of these massive structures remain unknown, with theories suggesting they could be remnants of a protoplanet collision or ancient continent collisions. Scientists recently identified these superplumes using seismic tomography.
The third anniversary of Russia’s invasion of Ukraine was marked in Scotland with a service at the National War Memorial in Edinburgh Castle. First Minister John Swinney, Ukrainian dignitaries, and members of the community attended. Events in Edinburgh and Aberdeen included protests against Russia. Ukraine’s consul in Edinburgh described the service as “very emotional” and expressed gratitude.
Nedbank warns customers of scams where fraudsters use vishing to obtain personal information and money. Criminals may call, asking for personal details or to move money to a ‘safe’ account under their control. Customers are also urged to be cautious of requests for payments to secure accounts or reverse fraudulent transactions.
Eight female students at a college in Mamaila village were held at gunpoint by an unknown male in a black balaclava. Four students, aged 20 and 21, were raped after being instructed to undress. The assailant also robbed them of their possessions before fleeing on foot. Police are actively searching for the suspect in connection with four counts of rape and robbery.
Five suspected robbers were killed in a shootout with police in KwaZulu-Natal. The group planned to rob a business in Ntuzuma, north of Durban, and fired at police when approached on Monday morning.
Pope Francis is in good spirits and eating normally at Gemelli Hospital, receiving treatment for double pneumonia and chronic bronchitis. Vatican sources report he is “resting” and the night “went well”. Despite an initial kidney problem, he remains “vigilant and well-oriented”. The 88-year-old pontiff participated in a hospital mass, but his prognosis is “reserved” due to the complexity of his case.
