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SPAR Group reports R4 billion loss in interim results, plans to sell British and Swiss businesses. SPAR Switzerland and AWG classified as discontinued operations, with post-tax losses of R4.4 billion. Group disposed of SPAR Poland in January 2025. Total loss from discontinued operations on income statement is R5 billion. South Africa revenue growth at 1%.
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The SIU has frozen a property in Midstream linked to the alleged misuse of R36m lottery grants meant for community projects. The property was registered under Alfred Muzwakhe Sigudhla, director of SAYM. SAYM and Malusi we Sizwe NPC received funds from the NLC for projects, with some money allegedly used for the property. The Special Tribunal has interdicted parties from dealing with the property.
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Rishi Prem of Chatsworth is selling sardines at a steal – R1 each or R12 a dozen, much lower than the average price of R30. As a subsistence fisherman, his profit is meager, but he aims to make sardines affordable for everyone. The early arrival of sardines in Port Edward has sparked a frenzy among fishermen and enthusiasts.
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The Department of Employment & Labour in South Africa plans to address skills shortages in maths and science education by easing entry for qualified foreigners. The National Labour Migration Policy aims to attract high-level skills and address the brain drain issue by granting seven-year work permits to foreign graduates. The policy also aims to bring back skilled expats to address the country’s skills deficit.
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Students and parents protest at Walter Sisulu University against the release of Manelisi Mampane, accused of shooting dead a student and injuring two others during a housing protest. Mampane was granted bail, sparking anger and frustration among protesters who believe he should have remained in jail for life.
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Dr. Nobuhle Nkabane, South African Minister for Higher Education and Training, faced criticism for allegedly chewing gum during a parliamentary session. She defended herself, stating she was fully engaged in discussions and had permission to eat. This incident highlights a trend of bad manners among South African parliamentarians.
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South African police continue manhunt for fugitive known as Tiger, linked to illegal gold mine where 78 died. Real name James Neo Tshoaeli, he escaped custody after being detained for controlling operations at abandoned mine. Four policemen accused of aiding his escape. Authorities struggle to locate him. Family in Lesotho unaware of his whereabouts. Brother chose legal work over illegal mining.
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Malema dismissed any association with Shivambu, stating they do not work together in any capacity. He expressed indifference towards Shivambu’s actions and clarified that the EFF is not affected by Shivambu’s decision to go to parliament on the MK Party ticket. Malema emphasized that the EFF remains focused on their work in parliament.
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Tongaat Hulett Limited progresses with Business Rescue plan, appoints new CEO. Founded in 1892, the company faced financial troubles in recent years, entering business rescue in 2022. The plan was approved by creditors in January 2024, with a consortium set to acquire assets and most of the debt, converting it into equity. Operations in Botswana, Mozambique, and Zimbabwe remain financially stable.
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Elon Musk criticizes Trump-backed budget bill, urging Americans to oppose it due to increased deficit and debt. Musk calls bill a “disgusting abomination” and threatens to unseat politicians who support it in midterm elections. This marks Musk’s first public disagreement with Trump since leaving the administration.
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