Author: staff

Witthaya Prasongsin/ Getty Images The rand broke below R17.20 for the first time since January 2023, bolstered by a new aggressive stimulus package in China and expectations of a continued, and growing, favourable gap between SA and US interest rates.On Wednesday morning, the local currency strengthened to R17.1934/$. It has now gained more than 2% against the dollar over the past week.This week, China announced a giant stimulus package, which included rate cuts along with new measures to boost mortgage demand and stock-market liquidity. READ | Cuts, cash, credit: China’s massive bid to jumpstart its economyThis bolstered risk appetite,…

A fire at Broadwalk Urban Village, Midrand, destroyed 130 units. (City of Johannesburg EMS) 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.

Springbok hooker Johan Grobbelaar embraces Makazole Mapimpi in the Rugby Championship Test (Anton Geyser/Gallo Images) Springbok coach Rassie Erasmus has released three players from his training squad in Mbombela to their local franchises ahead of the United Rugby Championship.Ben-Jason Dixon, Johan Grobbelaar and Canan Moodie have been released to the Bulls and Stormers, respectively.The Springboks are preparing for Saturday’s Rugby Championship decider against Argentina.For more Springbok news, visit News24 Sport’s dedicated rugby section.Springbok coach Rassie Erasmus has released three players from his training squad in Mbombela to their local franchises ahead of the United Rugby Championship (URC).The Springboks are currently…

Justice Minister Thembi Simelane answers the Portfolio Committee on Justice and Constitutional Development’s questions on her loan from a VBS fixer. (Jan Gerber/News24) 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.

StarSat TV remains operational despite an order by Icasa. (Thetomsn/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.

Some schools in areas where there are teacher shortages in critical subjects are forced to use recent matriculants who passed maths to teach the subject. (Klaus Vedfelt/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.

Beijing, China. (ispyfriend/Getty Images) China this week unveiled a bundle of new measures aimed at kickstarting its economy, which has been battered in recent years by unprecedented headwinds including a property sector crisis and sluggish spending.The stimulus announced by the central bank come after warnings that more state support was needed to get the world’s second-largest economy back on track and hit growth targets for 2024.Here are the steps announced by Beijing this week, and how experts are reacting: Rate cuts The People’s Bank of China on Wednesday cut its medium-term lending facility — the interest for one-year loans to…

Ruan Nortje of South Africa in action during The Rugby Championship match against Argentina. (Juan Jose Gasparini/Gallo 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.

At least 32 employees and two MPLs have been accused of defrauding the Gauteng legislature in a forensic investigation initiated by the former secretary to the legislature. (Siyamtanda Capa/News24) The ANC Youth League (ANCYL) in Gauteng has condemned its corruption-accused members’ actions for eroding public trust in the party.In a statement on Monday, ANCYL Gauteng coordinator Amukelani Mashele called the alleged actions “unethical”.Mashele was reacting to a News24 investigation that revealed how legislators had pocketed stipends meant for travelling abroad.The ANC Youth League (ANCYL) in Gauteng has called for a forensic report into possible corruption and fraud in the…

Internet investing firm Prosus has fully cut its stake in Chinese online travel agency company Trip.com in a $743 million (R12.8 billion) block trade, according to people familiar with the matter, becoming the latest international investor to exit a Chinese tech company.Prosus sold 14.5 million shares in Trip.com at $51.40 each in a block trade launched on Tuesday night in the US, terms of the deal showed. That deal marks Prosus’s final exit from the company after it had been gradually selling shares over the summer, the people said, asking not to be identified as the information isn’t public.A representative…