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Curro anticipates a significant increase in earnings for the upcoming financial results, but may need to impair two schools due to closures affecting AMSA. Earnings per share expected to rise between 117.1% and 217.1%. Despite strong cashflows and financial position, impairments of R340-380 million are anticipated due to slower learner growth.
Western Cape High Court Judge Mushtak Parker faces complaints at a Judicial Service Commission tribunal for allegedly lying under oath about being physically assaulted by former judge president John Hlophe. The incident occurred in Parker’s chambers in 2019, leading to Parker retracting his allegation a year later. Hlophe allegedly bullied Parker and suggested halting any criminal action. The tribunal began on 24 February 2025.
Md Atik Ullah Khan, former chief officer of hijacked vessel MV Abdullah, suffered from recurring nightmares of a pirate attack. The Bangladesh-flagged ship was seized on March 12, 2024, off the coast of Somalia while carrying 55,000 tons of coal. Khan’s traumatic experience continues to haunt him, with vivid dreams of gunfire and escape attempts.
Eskom announces stage 4 load shedding until Tuesday morning, then downgraded to stage 2 indefinitely. Recovery of generation units allows for reduction. Unplanned outages at 13,690MW, higher than expected. Planned maintenance at 7,245MW in line with summer strategy. Further replenishment needed for emergency reserves.
Bitcoin and cryptocurrency prices plummet after a major hack at Dubai-based Bybit exchange, sparking concerns of price manipulation. The market briefly spiraled but recovered as U.S. Senator Cynthia Lummis hints at new legislation. Elon Musk’s potential Federal Reserve overhaul raises fears of a “nightmare” scenario for bitcoin. Federal Reserve chair Jerome Powell faces stagflation challenges.
Competition Commission finds Google and Big Tech monopolies harming media, recommends R300-500 million annual payment to media fund for 3-5 years. Report highlights unfair revenue distribution, impact on community media. Inquiry open for public comment for six weeks.
Kipkorir, winner of Sydney and Frankfurt Marathons, suspended for doping by AIU after testing positive for EPO and Furosemide. Kenya’s marathon reputation tarnished with high-profile doping cases, including Diana Kipyokei losing Boston Marathon title in 2021.
South African-born Steve Raucher’s emergency response technology firm RapidDeploy, founded by him, has been acquired by Motorola Solutions. The deal is described as a landmark transaction and one of South Africa’s largest tech exits. A significant portion of the technical team will continue operating from Cape Town. Raucher, a former financial trader, has over two decades of experience in finance.
Prime Minister of DRC reports 7,000 deaths in eastern Congo conflict, with 450,000 displaced. M23 rebel group’s advance sparks fears of wider war. Rwanda denies supporting M23. UN chief Guterres highlights human rights abuses in DRC at UN Human Rights Council. PM calls for global action and sanctions.
Geologists have discovered large low-shear velocity provinces or superplumes surrounding the Earth’s core, representing 8% of the mantle’s volume. The origin and composition of these massive structures remain unknown, with theories suggesting they could be remnants of a protoplanet collision or ancient continent collisions. Scientists recently identified these superplumes using seismic tomography.
