Top Stories

After registration drive, R500m for spaza shop support, says minister


Daily Maverick


Minister Stella Ndabeni announces R500-million support for spaza shops after registration deadline closure. Deaths of children linked to spaza shop food items prompt re-registration initiative. President Cyril Ramaphosa’s 21-day re-registration period follows 890 incidents nationwide. Six children in Soweto died from toxic organophosphate Terbufos sold in spaza shops.



Read More from source



Hawks investigating 4 dockets of high treason understood to be against AfriForum & Solidarity


EWN


The Hawks are investigating four high treason cases against AfriForum and Solidarity following meetings with US President Trump’s administration. AfriForum seeks US intervention against ANC threats to Afrikaans culture. President Ramaphosa’s new laws are in focus. Hawks head General Lebeya confirms the investigations without naming the entities involved.



Read More from source



Cash-in-transit tsotsis NO match for brave guard!


Dailysun


Police in Mbombela are investigating an attempted cash-in-transit robbery on the N4 Road in Mpumalanga. A vigilant security guard driver averted the heist, causing the suspects’ Mercedes-Benz to catch fire. Multiple vehicles were involved, including a grey Toyota Fortuner and a white Ford Ranger. The security driver skillfully avoided the robbery by driving into oncoming traffic.



Read More from source



South Africans kiss R520 billion goodbye


BusinessTech


Finance Minister Godongwana revealed that the government used R520 billion from crucial sectors to bail out state-owned enterprises. At the launch of the World Bank report “Driving Inclusive Growth in South Africa,” he emphasised the need for policy actions to drive economic recovery, create jobs, and boost public trust. The report suggests focusing on infrastructure and private sector involvement.



Read More from source



ANC appoints new economic policy chief


Moneyweb


Zuko Godlimpi, deputy minister of trade and industry in Cyril Ramaphosa’s administration, has been named head of the economic transformation committee by the African National Congress. He is considered a potential future finance minister. The ANC’s restructuring follows opposition to a proposed VAT increase, leading to the budget’s postponement for the first time since 1994.



Read More from source



Major bank in South Africa ‘discontinued’


BusinessTech


Bidvest Group has classified Bidvest Bank as a discontinued operation in its latest financial results, preparing for its sale to Access Bank. The Financial Services segment was dismantled, with Bidvest Bank and FinGlobal up for sale. Access Bank agreed to acquire Bidvest Bank for R2.8 billion, expanding its reach as a full-service commercial bank with a global presence.



Read More from source



South Africa slumps on Trump and load shedding


BusinessTech


South African factory sentiment worsened in February, marking a fifth consecutive month of decline due to global trade concerns, US tensions, and power cuts. Absa Group Ltd.’s Purchasing Managers’ Index dropped to 44.7 from 45.3 in January, reflecting weakened confidence in business activity, new sales, and employment. Expectations for future business conditions also decreased amid uncertainties.



Read More from source