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Eco-friendly potato bags are now available at 1,400+ stores in South Africa, reducing packaging waste. Traditional bags with non-recyclable inner lining led to 18,600 tonnes in landfills in 2023. Shoprite Group employees found a sustainable alternative through a leadership development program with GIBS.
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Gareth Ackerman to step down as Pick n Pay chairman in August, marking end of Ackerman family’s majority control. Ackerman’s father, Raymond, founded the retail giant. Gareth took over as chairman in 2010. After financial turmoil, group issued R4 billion rights offer, reducing family’s voting rights from 52% to 49%. Ackerman family relinquishes control after 57 years. Gareth to retire from board in 2024.
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President Trump has ceased mentioning Elon Musk on Truth Social, marking a shift away from the tech billionaire’s involvement in budget cuts. Trump had been posting about Musk frequently, but has not mentioned him since April. Similarly, Musk’s posts about Trump have decreased. Musk has distanced himself from politics due to public unpopularity and criticism over the Wisconsin Supreme Court race.
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SARS aims to increase tax collection by R20 billion in 2025 after new budget; VAT increase removed. Spending to be cut by R70 billion over three years due to revenue shortfall of R62 billion. Finance Minister estimates revenue of R1.986 trillion for 2025/26, challenging due to global economic shifts.
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Bitcoin reached a new high of over $111,000 against the US dollar and is back above R2 million in South Africa. The Rand’s strength against the Dollar is affecting the cryptocurrency’s value, with the Rand trading between R17.93 and R17.99 on Thursday. This is below its January high of R2,150,000 due to the Rand being stronger against the Dollar now compared to January.
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Irish renewable energy company Greencoat Renewables to list on Johannesburg Stock Exchange next month. Founded in 2017, it owns and operates renewable energy assets across Europe. Business model involves converting wind and solar energy to sell to the grid, generating cash for investors. Portfolio includes 40 assets in five European countries, aiming to provide increasing dividends to investors.
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Tanzanian leader Samia Suluhu Hassan reverts to autocratic ways, detaining and deporting foreign activists supporting opposition politician on trial for treason. Two activists tortured in police custody, one missing. Kenyan activist dumped at border post after being detained and tortured. Opposition politician Boniface Mwangi and Ugandan lawyer arrested, one still missing.
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59 White South Africans granted refugee status by White House arrived in US. South Africa’s President to meet Trump for relations reset. Ties strained since Trump froze aid over minority White mistreatment claims. Ramaphosa focuses on reframing bilateral relations. Some Afrikaners seek US help for crime, autonomy, not refugee status. Orania leader urges Trump to recognize self-determination quest.
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South African President Cyril Ramaphosa remains positive after meeting with US President Donald Trump, despite discussions being overshadowed by Trump’s claims of genocide against white Afrikaners in South Africa. Ramaphosa described the meeting as going “very well” despite the contentious topic. Trump showed a video highlighting the issue, indicating he will not back down on his stance.
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Google’s I/O keynote highlighted updates in AI, Search, Android, XR, and human-device interaction. The event showcased smarter Gemini integrations, a reimagined Search, and Android XR glasses. Tools like Gemini Live and Project Astra offer new possibilities for developers and entrepreneurs in Africa. Google also unveiled major upgrades to its Gemini AI models at I/O 2025, promising exciting opportunities for African startups.
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