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South Africa’s rand and bonds weakened as parliament delayed the budget presentation, revealing tensions in the coalition government. Finance Minister’s budget presentation postponed, potential tax increase discussed. VAT rate increase considered. New budget date set for March 12. Rand fell 1% to 18.
Five African nations – South Africa, Egypt, Algeria, Nigeria, and Ethiopia – contribute half of the continent’s $2.8 trillion GDP, while the remaining 48 countries produce the other half, showcasing economic imbalance in Africa.
Severe weather hits South Africa with flooding, thunderstorms, and a tornado. SA Weather Service issues orange level 5 and 6 warnings for provinces including Gauteng, KwaZulu-Natal. Heavy rainfall may lead to flooding, mudslides, and dangerous driving conditions. Residents urged to take precautions as roads and communities could be impacted.
BYD is expanding in South Africa with three new models: Shark 6 plug-in hybrid bakkie, Sealion 6 plug-in hybrid SUV, and all-electric Sealion 7 coupé-SUV. The company aims to compete with established rivals and establish itself as a leading brand in new-energy vehicles. Launch dates, pricing, and detailed specifications for the South African market are pending. The Shark 6 could be the country’s first plug-in hybrid bakkie.
Chapul Farms utilizes black soldier fly larvae to convert organic waste into nutrient-rich biofertilizer, addressing soil degradation and food waste issues. The US Department of Agriculture awarded grants to projects, including Chapul Farms, recognizing the potential of insect-based fertilizers in restoring soil health and reducing waste.
The Bulls are focusing on set pieces ahead of a tough match against the Sharks. Despite a recent defeat, they are confident and prepared for a strong reaction from their opponents at Loftus. Ntlabakanye emphasizes the need for the Bulls to stay true to their game plan.
Finance minister plans to raise VAT substantially, causing shock and disagreement within the ANC caucus. Delaying the Budget has serious consequences and reveals government problems. One party willing to play brinkmanship with the country. Uncertainty and missed opportunity to showcase government’s stability.
A year after six-year-old Joshlin Smith vanished from her home in Saldanha Bay, life in the town has gradually resumed. Her mother and two others are charged with kidnapping and human trafficking. Greg Clifton, a local resident, has been aiding in the search for Joshlin. Despite ongoing efforts, the town has seen a return to normalcy with children back on the streets.
A Delta Air Lines plane crashed while landing at Toronto Pearson Airport, Canada, with no fatalities. Experts analyze video footage to determine the cause, possibly weather-related or due to an obstacle. Canadian authorities are investigating the incident.
The trial of Reinhardt Leach, accused of murdering Vicky Terblanche in 2021, continued in the Gqeberha High Court. The state alleges he was hired by Vicky’s estranged husband, Arnold Terblanche, amid a divorce settlement. Witness Charissa Roets testified about Arnold’s attempts to discredit Vicky during their divorce. WhatsApp messages revealed disturbing details.
