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South Africa’s vulnerability to global energy shocks is coming into sharper focus as the escalating conflict involving Iran, Israel and the United States pushes oil prices above $100 a barrel, raising questions about whether the country has sufficient fuel reserves to withstand a prolonged disruption to global supply. The escalation in the Middle East over…
South Africa’s economic outlook is facing renewed uncertainty as the widening war involving Iran, Israel and the United States begins to ripple through global energy markets, raising concerns about fuel prices, inflation and the timing of potential interest rate cuts. Oil markets reacted sharply as the conflict intensified. Brent crude surged past $100 a barrel…
North West businessman Suliman Carrim told the Madlanga commission that he lost millions after funding businessman Vusimuzi “Cat” Matlala’s company, alleging that both Matlala and Brown Mogotsi misled him during the transaction. Carrim said he provided R10 million in funding to Matlala’s healthcare company Medicare24, contracted to provide medical service to the South African Police…
The Gauteng Division of the High Court has ruled that veteran South African politician Mosiuoa ‘Terror’ Lekota, who died at the age of 77,was mentally incapacitated and unable to manage his affairs for nearly a year before his death, in a judgment that placed his son as interim curator of his estate. In an order…
Democratic Alliance Johannesburg mayoral candidate Helen Zille has launched her “Get Joburg Working” mayoral campaign, pledging to create 200 000 new jobs in Johannesburg. Zille unveiled five campaign pledges during the launch, with water supply and job creation forming the centrepiece of her platform. Her third pledge focuses on attracting at least 200 000 new…
The Nelson Mandela Foundation hosted a memorial tribute for Reverend Jesse Jackson reflecting on the civil rights leader’s role in global struggles for justice and his long-standing solidarity with South Africa’s liberation movement. Jackson died on 17 February in Chicago at the age of 85. On Friday Ramaphosa arrived in Chicago and will attend the…
A first-floor concrete slab collapsed at a two-storey building in Amethyst Business Park in Ormonde, south of Johannesburg on Monday, leaving six people dead, two others trapped, three others missing, while one person was rescued. Johannesburg MMC for public safety Mgcini Tshwaku described the incident as “devastating”. “Our thoughts and prayers are with the victims, their…
The conflict between the US, Israel and Iran has moved beyond direct military exchanges and into the energy infrastructure that underpins global supply chains. The escalation follows US and Israeli air strikes inside Iran that killed Ayatollah Ali Khamenei and according to Iranian authorities and the Iranian Red Crescent Society, more than 550 people across…
The Directorate for Priority Crime Investigation (the Hawks) has served warrants of arrests against director general at the department of health Sandile Buthelezi and two other senior officials, on allegations of fraud and theft. In a statement, the Hawks said Buthelezi, deputy director general for tertiary health and hospital services Malixole Mahlathi and chief financial…
The KwaZulu-Natal High Court in Durban has ordered businessman Calvin Mathibeli to apologise and retract allegations he made that provincial police commissioner Nhlanhla Mkhwanazi was “a criminal or corrupt” and involved in illegal killings. In a ruling handed down on Friday, judge Sanele David Hlatshwayo interdicted Mathibeli from publishing claims that the commissioner “abuses police…