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Standard Bank’s top executives received substantial pay for 2024 despite mixed performance. Headline earnings rose 4% to R44.5 billion, with earnings per share at 2,691 cents. Basic earnings per share fell 1% to 2,644.1 cents, and total income increased by 2% to R181 billion. Return on equity stood at 18.5%, with active clients growing by 4% to 20 million.
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Residents in Makotopong, Limpopo, are worried as a 58-year-old teacher accused of raping a 13-year-old student has not been arrested. The Department of Education confirmed a rape charge was filed after the teacher was caught with the student in the school office. Allegations suggest he may have assaulted other minors. Community leader Michael Lekota calls for increased school security.
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Online gambling is surging in South Africa, with journalist Larry Claasen discussing the impact on The Money Show. Claasen notes the role of technology and provincial regulations, highlighting Mpumalanga’s involvement. The control of gambling falls under provincial jurisdiction, as outlined in the Constitution. Claasen suggests that national government ministers in South Africa hold significant power in this realm.
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The Gautrain aims to boost ridership by targeting underserved customer groups and adjusting services. Despite losing over five million passengers in four years, the decline continues due to the pandemic and changing commuter habits. CEO Tshepo Kgobe highlights the shift towards remote work and the demand for flexible schedules and pricing. Kgobe notes that Gautrain is not alone in facing these challenges.
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SpaceX to launch Fram2, a privately funded human spaceflight over Earth’s polar regions with four astronauts. The mission includes experiments like the first X-ray in space and growing mushrooms in microgravity to support future Mars travel. Crew includes Chun Wang, Jannicke Mikkelsen, Rabea Rogge, and Eric Philps. Training included a wilderness expedition in Alaska.
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Matatiele community demands justice after two seven-year-olds were raped at separate schools in Eastern Cape town. Girl drugged and raped at Bergview College, boy assaulted at another school. Police Minister calls for calm, arrest made in boy’s case but suspect released due to lack of evidence. Public outcry for justice in tragic incidents.
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Gauteng police urge communities not to resort to vigilante justice after a man was fatally assaulted in Slovo Park. The victim was accused of setting a shack on fire, causing burn injuries to 20 people. Police spokesperson condemns the attack, emphasizing that mob justice is criminal and unjust.
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A 27-year-old suspect linked to the murders of six community safety patrollers in Soshanguve will appear in court. Two other suspects have already appeared. The attack on the patrollers has led to calls for government action in crime-ridden communities.
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Myanmar’s armed resistance group accuses military of airstrikes on civilians post-earthquake. 7.7 magnitude quake near Mandalay amid civil war. Death toll exceeds 1,700, with 3,400 injured and 300 missing. USGS predicts casualties could reach 10,000.
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A £15 billion mining project in Guinea aims to tap into the world’s largest untapped iron ore deposit at the Simandou site, holding an estimated 2.8 billion tonnes of high-grade iron ore. Despite delays due to political unrest and infrastructure issues, production is set to start later this year. Guinea hopes the project will transform its future, with officials comparing its potential impact to oil in the Gulf.
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