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February, when South Africa releases its annual budget, can be a terrible month for the rand, and many investors expect this year to be no different. In February last year, rolling blackouts squeezed economic output, forcing Finance Minister Enoch Godongwana to announce a $14 billion budget relief package for Eskom, and the rand depreciated by 5.2% against the dollar. It had the worst performance in the month among emerging market currencies surveyed by Bloomberg. advertisement Continue reading below In February 2020, the rand depreciated by 4% after ratings agency Moody's highlighted risks to South Africa's budget outlook. And in February…
Anyone who has followed Western media trying to understand the heartbreaking images and stories coming out of the Gaza Strip during the Israeli invasion is bound to be disappointed. Since the start of the recent Israeli attack on the besieged Palestinian enclave, which has proven to be one of the swiftest acts of ethnic cleansing in history, Western news outlets have repeatedly published unsubstantiated claims. , have only told one side and selectively exaggerated the violence. Justifying Israel's violations of international law and protecting it from scrutiny. In doing so, Western journalists have abandoned basic standards when reporting on Israeli…
The South African Weather Service (SAWS) says the weather will bring even more heat into the weekend. Temperatures will continue to rise into the weekend (February 3rd and 4th). High temperatures are expected to reach over 30 degrees in some states. Also read: KZN braces for more wet weather A heat wave has reached most of the state, with high temperatures continuing. Here's what you need to know about the weekend's weather forecast. Weather forecast predicts a hot weekend SAWS announced that some states will experience even more intense heat over the weekend. High temperatures are likely to reach over…
Yashasvi Jaiswal hits Tom Hartley for six to reach his second Test hundred.2nd Test, Visakhapatnam (Day 1 of 5):India 336-6: (Jaishwar 179*; Ahmed 2-61, Bashir 2-100)England: Still up to the batscorecardOn the first day of the second Test in Visakhapatnam, England were at the mercy of India, despite Yashasvi Jaiswal scoring a sublime century.Opening pitcher Jaiswal batted all day and scored 179 runs, leading the home team to 336 wins and 6 losses.Trailing 1-0 after losing a thrilling first Test, India were unable to completely squander their advantage of winning the toss and batting first with the left-armer's knock.Jaiswal shared…
congratulations… Congratulations are in the air after award-winning actress Kwezi Ndlovu announced the arrival of her bundle of joy. Khwezi posted on Instagram on Thursday a photo of her adorable baby boy sleeping. “The smallest family becomes a thousand, and the smallest group becomes a mighty nation. At the right time, I the Lord will make it happen.” – Isaiah 60:22,” she captioned the photo. I did. Since then, many fans and celebrities, including Linda Mutova and Dumi Mukokstad, have congratulated her in the comments section. “Congratulations, Sissi… Nothing is more important than this. Thank you Lord for protecting you…
[–>Online applications for the NSFAS financing scheme are open until 15 February. The National Student Financial Aid Scheme (NSFAS) has announced that online applications for the loan scheme for 'missing secondary school students' will open today and close on February 15th. This follows an agreement between the NSFAS Board and the South African Students' Union to extend the 2024 scholarship application period. Applications for the NSFAS scholarship scheme were previously due to close on January 31st. Minister for Higher Education, Science and Innovation, Dr Blade Nzimande, last month confirmed plans to fund “short-term secondary school” students through the so-called new…
Rahima Moosa Mother and Child Hospital, Johannesburg. Gauteng DH partHealth called for increased police visibility at Rahima Moosa Mother and Child Hospital.This comes after two serious criminal incidents were reported at the facility.The department said crime in the area is impacting patients seeking treatment at the hospital.The Gauteng Department of Health has called for increased police presence in and around Coronation Building in Johannesburg after a serious criminal incident was reported at the Rahima Moosa Mother and Child Hospital.Ministry spokesperson Mutalatare Modiba said two incidents of hijacking and shooting had been reported at the facility since December. In the first…
These are just the highlights, so be sure to listen to the full episode on the Moneyweb website or wherever you get your podcasts. Moneyweb@Midday goes live weekdays at noon and then as a podcast. Employment in the metals and engineering sector has fallen from 500,000 to just over 300,000 over the past few years. Revealing these alarming statistics, Tafadzwa Chibanguza, CEO of the Southern African Steel and Engineering Industries Confederation (Seifusa), attributes the numbers to low GDP growth and the structure of the export market. The change resulted in a power crisis. Mr Chibanguza stressed that the sector risks…
Despite witnessing intolerance and violent scoring within the FLN, he stuck to the official line and remained an excellent soldier. But in the “misery of the earth”, he said, the impending liberation of Algeria and the African continent is being suppressed as a greedy and corrupt “national bourgeoisie” blocks the path of more societies. He expressed concern that it would not bring true freedom to people. An overwhelming social revolution. Fanon, both in his writings and in his work as a psychiatrist, is committed to what he calls “alienation”, a cause he himself has in a sense adopted, a commitment…
In news that definitely shines an unfavorable spotlight on crime in South Africa, a prominent international rugby journalist has shared a disturbing social media post about an attempted hijacking on the way to the airport. James While, rugby correspondent for Planet Rugby and a rugby coach who also writes for other publications, was recently on holiday in South Africa. He also covered last month's Champions Cup match between the Bulls and Bordeaux Begles. Also read | Suspect scheduled to appear in court for threatening death to referee Shocking hijacking incident that occurred while in South Africa “A complete SA experience,…