Category News

TCS | Kiaan Pillay on fintech start-up Stitch and its R1-billion funding round – TechCentral

TechCentral

Cape Town fintech start-up Stitch raised R1-billion in series-B funding led by QED Investors, with Trevor Noah among investors. Total funding now nearly R2-billion. CEO Kiaan Pillay discusses Stitch’s unique approach, recent acquisition of Exipay, plans in cryptocurrency, and focus on the South African market on the TechCentral Show.
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Ambulance companies ordered to pay back R532m to Free State government

Daily Maverick

The Special Tribunal has ordered four ambulance companies owned by Thapelo Buthelezi to repay over R500 million. Contracts awarded by the Free State government, first reported in 2018, were found to be fraudulent. Buthelezi One Stop Emergency Med must repay R40.6 million, Buthelezi One Stop EMS R4.7 million, Buthelezi EMS R305.1 million, and B EMS R182.2 million, totaling over R532 million.
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First group of white South Africans arrive in US after Trump grants refugee status

the Guardian

The first group of white South Africans granted refugee status by Trump’s administration arrived in the US, sparking controversy in South Africa. The Afrikaners, considered victims of “genocide,” were welcomed at Dulles airport by US officials. The group numbered 59 adults and children. Landau praised their arrival, citing his family’s history. The US also ended legal protections for Afghans on the same day.
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Mozambique slaps visitors with new travel requirement

The South African

Travellers from visa-exempt countries, including Belgium, Canada, China, and the US, must now register their trips to Mozambique 48 hours before departure via the official ETA platform. Failure to do so may result in denial of entry or boarding. South African passport holders remain visa-exempt for up to 30 days. Share your Mozambique travel experiences in the comments or via WhatsApp.
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Dow soars 1,100 points after Trump team and China dramatically lower tariffs | CNN Business

CNN

US stocks surged on Monday as trade tensions with China eased, with tariffs lowered significantly. The Dow rose 2.81%, S&P 500 gained 3.26%, and Nasdaq surged 4.35%. This positive news led to the biggest single-day gains in over a month for the major indexes. Chief market strategist Keith Lerner noted the market rally was driven by the positive tariff developments.
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Ramaphosa responds to US taking in white ‘refugees’ from South Africa

BusinessTech

Dozens of white Afrikaners to arrive in the US as part of a controversial resettlement program by Trump. South African President disputes claims of land seizures and genocide, citing no official land seizures since apartheid. Ramaphosa clarifies that those leaving are not persecuted but resistant to change. Relations strained between US and South Africa.
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