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President Cyril Ramaphosa has appointed Alistair Ruiters as his special advisor for investment promotion, aiming to boost South Africa’s economic growth and job creation. Ruiters, a former director general at the department of trade and industry, will help implement economic reforms to attract domestic and international investors.
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WHO and Unicef launch “Babies Before Bottom Lines” campaign against unethical baby formula advertising in South Africa. Companies accused of using digital marketing to manipulate parents with false claims. Dr. Grummer-Strawn warns of insidious tactics, while El-Halabi alleges incomplete scientific evidence and unsupported health outcomes. Action needed to address predatory practices.
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South Africa reverses VAT hike, pleasing households but halting expansion of zero-rated food items. Consumer Goods Council of South Africa concerned about withdrawal of VAT exemptions. National Treasury to maintain VAT rate at 15% from May 2025, instead of proposed increase. Western Cape High Court suspends VAT hike following announcement.
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Police search-and-rescue teams in Centurion recover VW Polo bumpers suspected to be from vehicle of three deceased Free State cops. Bodies found in Hennops River after missing since last Friday. Vehicle parts sent for verification, search operations to resume Thursday morning.
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Judge Nathan Erasmus announced that judgment in the Joshlin Smith trial will be delivered on Friday after closing arguments. The six-year-old girl went missing in February, leading to the arrest of her mother, boyfriend, and friend on kidnapping and human trafficking charges. The trial has been held in a multipurpose center in Saldanha Bay, with expectations of a crowded courtroom for the verdict.
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Pietermaritzburg Economic Justice and Dignity Group reported a 1.7% increase in the average cost of the Household Food Basket in April 2025, reaching R5,420.30. Civil society groups are concerned about rising food prices. Year-on-year, the basket cost rose by 1.6%. In April 2025, 24 out of 44 tracked foods increased in price, with notable increases in items like tomatoes (26%) and onions (11%).
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Chery subsidiary Omoda to launch futuristic C3 compact crossover in SA next year. The car, designed for Gen Z, features cyber-inspired design with bold styling and advanced technology. Available in petrol and NEV powertrains, the C3 aims to appeal to a tech-savvy and expressive generation. Showcased at Auto Shanghai, the car will hit showrooms in October.
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Sibanye-Stillwater’s outgoing CEO, Neal Froneman, saw his remuneration drop from R290 million in 2021 to R50 million in 2024. Froneman, praised for diversifying the company, faced criticism for his high pay in South Africa. The company’s performance fluctuated, with losses and job cuts, but improved in 2024 with a narrowed loss of R5 million.
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Tupperware Southern Africa’s plastic plant is up for sale following the company’s liquidation. The Florida-based brand is exiting South Africa in 2024 as part of a restructuring plan after filing for Chapter 11 bankruptcy. New owners will focus on core markets, excluding South Africa and Australia. Park Village Auctions is facilitating the sale of the manufacturing and distribution plant.
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A $500 million fund led by the Gates Foundation aims to improve maternal and newborn health in sub-Saharan Africa. The Beginnings Fund, unveiled in Abu Dhabi, seeks to save 300,000 lives by 2030 and expand care access for 34 million. Amid global health funding cuts, the fund offers hope with support from the Mohamed Bin Zayed Foundation and partners committing $100 million in direct investments.
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