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Senator Marco Rubio’s State Department reform plan dispels rumors of U.S. embassy closures in Africa. The initiative aims to modernize diplomatic engagement, particularly in strategic regions like Africa, emphasizing enhancement of global presence.
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Award-winning TV and radio presenter Anele Mdoda marries Xhosa prince Bonelela Buzza James in a traditional ceremony. Friend Khaya Dlanga shared photos on Instagram. Guests included Zikhona Sodlaka and Ringo Madlingozi performed. Mdoda’s official images not yet released.
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South African pop star Tyla nominated for two American Music Awards in R&B and Afrobeats categories. Awards show on 26 May 2025, hosted by Jennifer Lopez. Nominated for Favourite Female R&B Artist and Favourite Afrobeats Artist. Other nominees include Kehlani, Wizkid, and more. Tyla has won Grammy, BET, Billboard Music Awards, and more. Recently performed at Coachella after injury in 2024.
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Economists divided on Reserve Bank’s rate decision for May 29 as inflation drops to 2.7%, lowest since June 2020. Governor Kganyago credits lower oil prices for driving inflation down, expects next print to remain in the 2% range. Uncertainty looms over future economic environment.
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British artist Stuart Semple replicates a new blue-green color discovered by scientists using laser pulses on retinas. He sells the paint for £10,000 per 150ml jar, or £29.99 for artists. Semple previously created the world’s blackest and pinkest paints. He mixed pigments with optical brighteners to achieve the color. The process involved analyzing light intensity with a spectrometer.
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IMF chief Georgieva urges swift resolution to trade tensions, highlighting the need for global leaders to work constructively to end trade war sparked by Trump. She emphasizes the importance of preserving openness and removing uncertainty to boost investment and spending. Georgieva also calls for addressing imbalances fueling current trade tensions.
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Capitec sees growth in higher-income clients, with a 26.5% increase in those earning R50,000+ per month. CEO Gerrie Fourie announces plans for a secured home loan product with SA Home Loans. The bank, known for serving low-income depositors, now caters to a broader market with expanded services. Client base surpasses 24 million, aiming for 25 million this year.
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NHFC CEO Azola Mayekiso faces whistle-blower complaints and staff turnover. She promises a lavish one-time payment to boost morale, potentially earning her nearly R600,000 in bonuses. The agency, struggling to meet targets, awaits approval from the Human Settlements Minister for the payment.
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Finance Minister Enoch Godongwana cancels planned 0.5% VAT increase, keeping it at 15%. Decision based on consultations and parliamentary recommendations. Estimated revenue to fall short by R75 billion. Godongwana withdraws plan, Parliament to adjust expenditure to maintain fiscal sustainability. Measures to protect lower-income households from rate increase to be reconsidered.
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A brutal militant attack in Kashmir kills 26, shattering peace and raising fears of conflict between India and Pakistan. India vows a strong response, blaming a proxy group for the attack. Pakistan denies involvement but supports Kashmiri self-determination. Tensions rise between the nuclear-armed neighbors, with experts warning of a critical moment in the region.
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