by Kelebogile Matlou Some of South Africa’s biggest banks will finally face legal action in February 2026, as a R60 billion class action lawsuit heads to court nearly a decade after it was first filed. Hundrands of former homeowners are taking legal steps against Absa, Nedbank, Standard Bank, and FirstRand, alongside the National Credit Regulator,…
by Mathipa Phishego President Cyril Ramaphosa’s office fired the Deputy minister of Trade, Industry and Trade, Andrew Whitfeld for a trip to the United States of America without the presidents authority in March 2025. According to Eye Witness News, the Democratic Alliance is set to have an emergency council meeting. It reported that some of…
by Kelebogile Matlou On Monday, Nestlé announced a R124 million investment to expand its cereal manufacturing facility in Harare, Zimbabwe. The investment is aimed at boosting local production capacity by over 35% and supporting domestic and regional markets including Zambia, Malawi, and Mozambique. This expansion forms part of Nestlé’s long-term Africa for Africa strategy, which…
by Mathipa Phishego ActionSA Gauteng Provincial Chairperson, Funzi Ngobeni has outlined that ActionSA will not vote in the motion of no confidence brought by the Democratic Alliance (DA) against the City of Johannesburg Mayor Dada Morero.The motion of no confidence is set for Wednesday, June 25. Morereo has approximately ten months in office, yet the…
by Kelebogile Matlou The Prudential Authority a regulator under the South African Reserve Bank (SARB), announced administrative sanctions against HBZ Bank Limited, Citibank South Africa, and the Bank of Taiwan South Africa (BOTSA). The sanctions follow compliance inspections conducted in 2022, revealing that the banks failed to adhere to key requirements of the Financial Intelligence…
by Lwandiso Simanga Kaizer Chiefs midfielder Yusuf Maart is set to renew his contract with the club next week, according to his agent Karabo Tshabuse. Maart’s initial three-year deal, signed after his transfer from Sekhukhune United, is set to expire at the end of June. The 2024/25 season marked a high point for both Maart…
by Mathipa Phishego Just about nearly two weeks of escalating hostilities between Israel and Iran. A tenuous ceasefire appears to be holding at least in name. Brokered with assistance from the United States and Qatar, the de-escalation reflects not a resolution, but a recalibration of regional power plays with far-reaching geopolitical implications. U. S. President…
by Mathipa Phishego One hundred people have been killed in the recent floods in Mthatha and the neighbouring areas of the Eastern Cape, and many more are still missing, making this one of the deadliest natural catastrophes in recent memory. Destroying homes, schools, and highways, the June floods brought on by heavy rains and overflowing…
by Kelebogile Matlou The National Treasury on Monday said the government has signed a R26 Development Policy Loan (DPL) from the World Bank. “DPLs are robust, flexible and quick-disbursing financing instruments that help countries achieve development results by supporting a program of policy and institutional reforms provided through general budget financing.” This agreement reinforces the…
by Kelebogile Matlou Johannesburg residents have been given some relief after power utilities Eskom and City Power reached an agreement to resolve their long-running “electricity debt dispute”. Earlier this year, Eskom had threatened to cut electricity supply to the City of Johannesburg and City Power over an unpaid bill of R4.9 billion, along with R1.4…
