Author: staff

(Nigel Jared/Getty Images) In a fairly slow day for corporate news, Pick n Pay shareholders overwhelmingly gave nods at its AGM as it presses ahead with two-stage recapitalisation. De Beers reported another dip in a diamond auction, while Steinhoff’s former CFO has been arrested and made a court appearance. In international news, Norway is pushing ahead with its inaugural seabed mining licensing round. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join…

Phil Foden has failed to replicate his Manchester City form in an England shirt. (HENRY NICHOLLS / AFP) Phil Foden has temporarily left England’s Euro 2024 base in Germany to return home due to a “pressing family matter,” the English Football Association said on Wednesday.Foden, who won Premier League Player of the Year accolades for his starring role in Manchester City’s title triumph this season, has started all three of England’s games at the tournament so far. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for…

Members of the Progressive Caucus. From left is Dr Wonder Mahlatsi (UAT), Bantu Holomisa (UDM), Vuyo Zungula (ATM), Floyd Shivambu (EFF), Ganief Hendricks (Al Jama-ah) and Mzwanele Nyhontso (PAC). (Theo Jeptha/Netwerk24) After joining the government of national unity (GNU) at the last minute, Al Jama-ah now wants to persuade its former progressive caucus colleagues, which includes the EFF, to join the unity government.The caucus is in disarray after the UDM, PAC and Al Jama-ah left, and opted for the ANC-led GNU.Al Jama-ah plans to have further discussions with parties in the progressive caucus. South Africans need to be in the…

Lesetja Kganyago (Tebogo Letsie) South Africa’s central bank must restore faith in its ability to achieve its inflation target after struggling to slow consumer price growth to 4.5% for about three years, Governor Lesetja Kganyago said. The Reserve Bank officially targets inflation in a range of 3% to 6%, but its monetary policy committee prefers to anchor price-growth expectations close to the midpoint. The annual inflation rate was 5.2% in May, unchanged from the previous month. After the worst global inflation shock in a generation, headline price growth returned to the central bank’s target band in June 2023 “but has since…

Jonathan Trott, coach of Afghanistan (Darrian Traynor-ICC/ICC via Getty Images) South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.

Further comprehensive research is essential to definitively understand the full range of potential health effects associated with e-cigarette use. (Getty Images/Mint Images) Did you know a 600-puff vape is equivalent to smoking 50 cigarettes?Many maintain, however, that the two cannot possibly be compared. One e-cigarette lasts a good few days (around 4-5, according to UK-based store Vape Direct), and the total nicotine content for the strongest of them is 20mg (in a 10ml bottle, which you’d refill around 5 times).In comparison, a single cigarette contains between 8 and 20mg of nicotine – as well as tar and other harmful chemicals.…

Sixty-four people face several charges, including terrorism, in connection with the deadly July 2021 civil unrest. (Nkosikhona Duma/News24) The State accused the 64 people charged with instigating the July 2021 civil unrest of not taking the criminal case against them seriously after pre-trial proceedings were postponed yet again. The matter, which has been in the KwaZulu-Natal High Court in Durban since January, has now been postponed to the end of July after five of the accused failed to appear in court on Wednesday, citing ill-health and legal representation issues. Arrest warrants were issued, but the matter was stayed until their next court…

Bank of America (BofA) Securities says it is “bearish” on the rand for now as the currency is at the mercy of politics and will likely slump in the third quarter.The standoff between the ANC and the DA over Cabinet positions in the newly formed government of national unity (GNU) has resulted in what BofA calls “rising political risks” associated with SA’s currency. BofA is forecasting the rand will slip to R18.40/$ between July and September, though it is likely to resume strengthening against the dollar in the fourth quarter as US interest rate cuts move closer. South Africans need to be…

Nama Xaba on the charge during his time with the Stormers. (Photo by Ashley Vlotman/Gallo Images) The Bulls confirmed on Wednesday that former Stormers flanker Kuyenzeka ‘Nama’ Xaba has signed for the Pretoria-based franchise.Xaba has signed a two-year deal until June 2026.READ | Rassie confirms Kolisi will captain Boks against Ireland, and also…: ‘Siya is not fat’Hailing from KwaZulu-Natal, the former Glenwood High pupil represented the University of Cape Town and made 25 appearances for the Stormers. On his move to the Bulls, Xaba said the new challenge excited him.”This is a privilege for me to come join the most…

An apparent fraud scheme allegedly scammed nearly 80 pensioners of millions of rand and a dream vacation to Thailand. (Kate Henry/News24) The probe into an alleged holiday scam has intensified, with police stepping up efforts to unravel an apparent fraud scheme which fleeced nearly 80 pensioners of millions of rand and a dream vacation to Thailand.Eighteen victims in the Helderberg area came forward, providing sworn statements, Western Cape police spokesperson Captain FC van Wyk said on Wednesday.The cases initially registered at the Strand SAPS were escalated to the provincial Commercial Crime Investigations Unit. South Africans need to be in the…