Author: admin

Reading Time: 2 MinutesBusiness leaders are calling on political parties to accept the results of the 2024 elections. We will work towards forming a stable coalition government that puts the country first. This African National Congress (Australian National Committee Have EmbarkEd After losing its parliamentary majority for the first time since 1994, he is negotiating a coalition with the opposition.. of A.N.C. Voter turnout fell to just over 40%.scientifically. This was followed by the Democratic Alliance (DA) with around 22%, Umkhonto weSizwe Party (MK) with over 14% and the Economic Freedom Fighters (EFF) with over 9%. The voter turnout was…

Investors are hoping that the next 13 days of coalition talks will result in the formation of a market-friendly government.Assets recovered and the rand improved. Finance Minister Enock Godongwana said on Monday that the ANC Reckless decision In choosing coalition partners.For more financial news, News24 Business top page.South African assets are recovering, buoyed by investor hopes that a pro-market government will be formed after the next 13 days of coalition talks.The rand surged 1.6 percent on Monday, its biggest one-day gain since Dec. 14 after the ruling ANC failed to secure a parliamentary majority for the first time in three…

Police are investigating at the crime scene on Phoenix Highway where one suspect was killed in a shootout. (Sakiseni Nkumalo/News24) A suspected robber was killed in a shootout between police and a cash-in-transit van robbery gang on the Phoenix Highway in KwaZulu-Natal early on Tuesday morning.Police spokesman Colonel Robert Netsinda said three rifles and a large amount of cash were recovered. “Police are searching for more suspects in the vicinity,” he added.VIP Medical and Rescue CEO Gareth Naidoo said they received reports of shots fired near the traffic lights at Trade Centre junction in Mount Edgecombe. “Our vehicles were dispatched,…

Reading Time: 2 MinutesPolitical parties are preparing for closed-door coalition talks after the African National Congress' (ANC) approval rating fell below 50 percent in Gauteng. The party, which has led Gauteng since the dawn of democracy, won 35% of the vote, a far cry from the 50.2% it won in the 2019 election. Discussions with the ANC on the province's future should begin after today's national executive committee meeting. P Coalition talks are expected to take place this week, with parties agreeing to work with like-minded parties. The demands of the smaller parties have yet to be reconciled before entering…

Japan's Ministry of Land, Infrastructure, Transport and Tourism on Tuesday searched the headquarters of auto giant Toyota amid a deepening scandal over safety data fraud. The world's largest automaker has apologized for providing inaccurate or manipulated data for safety certification tests.The scandal has rocked Japan's auto industry, with rivals Honda, Mazda and Suzuki also admitting to submitting fraudulent data.Toyota sold more than 11 million passenger vehicles in 2023.The findings do not affect the safety of vehicles already on the roads, the company said.The company has discontinued production of three models: the Corolla Fielder, Corolla Axio, and Yaris Cross.The company has…

Shell still has another chance to get seismic permit The Supreme Court of Appeal has dismissed an appeal by Shell, Impact Africa and the Ministry of Mineral Resources and Energy to overturn a High Court decision that had halted seismic surveys off the Wild Coast. The court dismissed the application with costs and said community participation was “illusory”. But the court left room for Impact Africa and Shell to go ahead with their third and final attempt to seek renewal of the 2014 exploration licences. However, proper and meaningful consultation must take place with local people who say that seismic…

Cyber-attack attempts against Eskom have declined during the recent easing of electricity supply curbs. (Sean Gallup/Getty Images) Attempted cyber attacks against Eskom have declined in recent months.Eskom's chief information security officer said some of the attacks may have been the result of residents unhappy with electricity rationing.The threat of cyber attacks to critical infrastructure is increasing.For more financial news, News24 Business homepage.Since the easing of electricity supply restrictions enjoyed by the country, attempted cyber attacks on Eskom’s systems have declined.This was according to Eskom's chief information security officer, Sithembil Songo, who told News24 on the sidelines of Gitex Africa, a…

In the national and local elections, which only became possible after the Constitutional Court ruling, independent candidates have not won a single seat. The legal reforms, which were meant to bring independents into power, have been heavily criticised and calls for electoral reform continue. Everything you need to know about the 2024 general election on News24 ElectionHub.In the winter of 2020, the Constitutional Court ruled for the first time that independent candidates could take part in national and local elections.At the time, it was hailed as groundbreaking. But once the dust settled after the first election in which independents were…

The ANC's Nomvula Mkonyane and the DA's Helen Zille at the National Election Results Operations Centre (ROC) in Gallagher Estate, Midrand. (Gallo Images/Lubba Lesor) Coalition talks are expected to be the focus this week.The ANC failed to secure a majority in last Wednesday's general election.Find out everything you need to know about the 2024 general election in News24's election hub.The DA team is due to meet ANC leaders this week as they negotiate a coalition government following the landmark general election.The opposition says it is ready to put differences aside.Several DA sources confirmed to News24 that the party is leaning…

The chief financial officer of news media outlet The Epoch Times has been arrested on suspicion of involvement in a large-scale money laundering scheme. Federal prosecutors allege Bill Guan, 61, was involved in a global scheme to launder at least $67 million (£52 million) of illicit funds for himself and the Epoch Times newspaper.According to the indictment, Guan led the media company's “online money making” team, which used cryptocurrency to purchase tens of millions of dollars worth of criminal proceeds. Guan has yet to plead guilty and, if convicted, could face more than 30 years in prison. The Epoch Times…