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South Africa’s central bank warns of prolonged higher borrowing costs globally due to trade tensions and uncertainties, citing doubts on inflation outlook amid Trump’s tariffs. Governor Kganyago notes reduced confidence in global economic outlook and high uncertainty domestically. Despite lower inflation and borrowing costs, policy rates expected to remain elevated for longer.
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Protests erupt at Walter Sisulu University in Mthatha after a student is shot dead by a residence manager. Three others hospitalized. University disputes deceased’s student status. Incident follows car arson during protest. Staff member’s family also injured in violent confrontation.
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Accused in Joshlin Smith trial admits to lying about taking her to a sangoma’s house. Jacquen Appollis revealed under cross-examination that details in his statement were fabricated. He, Steveno van Rhyn, and Racquel “Kelly” Smith face charges of human trafficking and kidnapping for allegedly selling Joshlin to a sangoma for R20,000. Appollis admitted to being told by police to make false claims.
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GautaBMX trio cycled 1,700 km from Limpopo to Cape Town in 14 days, receiving support from TikTok followers and strangers. Celebrated as heroes upon arrival at Cape Town’s City Hall, welcomed by Mayor Geordin Hill-Lewis and enthusiastic crowd.
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Chinese small businesses, like Sorbo Technology, are struggling due to Trump’s tariffs on Chinese goods. Sorbo Technology, with 400 workers in Zhejiang province, faces challenges as their products sit in warehouses due to the tariffs. Business owner Lionel Xu expresses concern over the impact on his company and worries about the future if the tariffs continue.
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Nigerians express anger on social media after being locked out of CBEX accounts, unable to withdraw investments. Some customers ransack CBEX office in Ibadan. Company remains silent. Investors fear losing money promised to double monthly. Nigeria’s economic struggles drive desperation for income boost. One investor fears losing 450,000 naira.
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Uber in South Africa introduces new passenger and luggage restrictions to enhance trip experience and safety. Luggage allowed on all ride types, with passenger limits: Uber Go-2, Uber X/Comfort/Black-3, Uber XL-6, Uber Van-7. Guidance advisory, passengers advised to confirm with driver. Uber Moto also launched for motorbike trips.
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Nvidia faces $5.5bn costs due to new US export rules to China, requiring licences for H20 AI chip sales. Amid US-China trade tensions, Nvidia shares drop 6%. US government mandates permit for chip sales to China, including Hong Kong, indefinitely.
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A record-breaking 2,492-carat diamond found at Botswana’s Karowe Mine, the second-largest ever, stuns the diamond industry. President Mokgweetsi Masisi showcased the gem, hailing it as a historic moment. Botswana solidifies its diamond industry standing with this find, highlighting its role as a top producer. The diamond was discovered by Lucara Diamond Corp.
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Rory McIlroy wins career grand slam at Masters, becoming first European man to achieve feat. Tributes pour in from British royalty and golf legends.
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