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EasyEquities’ decision to implement a platform fee for dormant accounts has paid off, with a 63% increase in net inflows to R5.31 billion in the past six months, compared to R3.3 billion a year ago. Record deposits of R1.4 billion in February indicate success, surpassing previous records.
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Soweto residents fear the VAT hike to 15.5% from 15% on May 1 will worsen economic hardships. Many, like Netshifhefhe Tshitereke, worry about the impact on their already fragile budgets with no salary increase. Political parties, including the DA and EFF, are challenging the hike in court, proposing alternatives to address the budget shortfall.
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A barber in Gauteng was left shaken after witnessing a man being shot multiple times by three assailants in his salon. The victim was not a regular customer. The barber narrowly escaped being shot himself and expressed gratitude for surviving the ordeal. Police spokesperson Col Noxolo Kweza did not provide immediate comment on the incident.
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The collapse of a five-storey residential development in George led to 34 deaths, exposing deficiencies at the National Home Builders Registration Council. The investigation revealed breaches in health and safety standards, including a lack of clear inspection guidelines. Minister Thembi Simelane emphasized the need for transparency and addressing sector shortcomings to prevent future tragedies.
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AfriForum demands apology from Police Minister Senzo Mchunu for false allegations in the Bergview College rape case. The civil rights group accuses Mchunu of remaining silent and failing to correct misinformation. AfriForum’s private prosecution unit, led by advocate Gerrie Nel, is representing the college principal pursuing legal action against defamation and threats.
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A murder inside a Cape Town court is part of a broader pattern of violence linked to gangs and the taxi industry. The incident, along with two other deadly shootings, raises concerns about security measures. The violence may be connected to previous gang-related killings, including that of suspected gang leader Ashley Phillips. Phillips’ death led to tensions among gangs and taxi figures in the city.
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Three mixed-use developments in Cape Town CBD will bring social housing, with the Leeuloop Precinct Development unveiled by the Western Cape government. The projects mark a historic moment, with over 850 housing opportunities, including 350 social housing units. The developments are part of the government’s commitment to inner-city housing projects, as outlined in the 2025/2026 budget speech.
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President Trump expressed optimism for the future, stating “What a day, but more great days coming!!!” before midnight in Washington. He recently decided to pause tariffs, avoiding a global trade war. China retaliated with an 84% levy on US goods, while Trump increased tariffs on Chinese goods to 125%. China filed a lawsuit against the US with the WTO. Stock markets in Asia reacted positively to the news.
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South Africa faces higher costs for raising foreign debt due to Trump’s tariffs, leading to increased sovereign spread. The country plans to raise $14.6 billion over three years to meet foreign-exchange commitments.
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Parliament’s committee chair Khusela Diko opposes Minister Solly Malatsi’s proposal to devolve powers from State Information Technology Agency (Sita). Malatsi aims to amend regulations to allow smaller departments to procure their own IT equipment, enabling Sita to focus on larger departments. Diko argues that the Act prohibits such changes.
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