Transnet’s Financial Crisis: A Looming Threat to South Africa’s Economy
Transnet, a government-owned logistics giant in South Africa, is currently facing a severe financial crisis. The company’s board has sounded an alarm, citing a growing debt burden of R130 billion that it can no longer manage. The interest on this debt alone has become unmanageable for Transnet, which reported a loss of R5.7 billion. Moreover, […]
G7 Foreign Ministers’ Stance on the Hamas-Israel Conflict and Ukraine Crisis
The G7 foreign ministers, in a recent joint statement following their meeting in Japan, articulated their stance on two pressing global issues: the ongoing Hamas-Israel conflict and the prolonged crisis in Ukraine. While addressing the need for humanitarian support in Gaza and acknowledging Israel’s right to self-defense, they also reaffirmed their steadfast commitment to Ukraine’s […]
The Dire Financial State of the SABC Threatens the Stability of a State Entity
The South African Broadcasting Corporation (SABC), a prominent state-owned entity, is currently facing dire financial challenges that not only threaten its own existence but also cast a shadow on the sustainability of another state entity, Sentech. Deputy Minister Philly Mapulane recently disclosed to Parliament the grim financial status of the SABC, emphasizing the urgent need […]
DA and ActionSA Face Off in Centurion’s Ward 64 By-Election
In the dynamic world of South African politics, the stage is set for an intense showdown as the Democratic Alliance (DA) and ActionSA, coalition partners, engage in a fierce contest for Centurion’s Ward 64. This political drama unfolds against the backdrop of a recent labor strike dispute in Tshwane, highlighting the complex and often contentious […]
Turkish parliament dumps Coke, Nestle from menus over alleged Israel support
ANKARA, Nov 7 (Reuters) – Turkey’s parliament removed Coca-Cola (KO.N) and Nestle (NESN.S) products from its restaurants on Tuesday over their alleged support for Israel amid the conflict in Gaza, according to an official statement and a source who named the two companies. The two companies did not immediately respond to a request for comment. “The products of companies […]
Taxpayers pay R2 billion a year for VIP protection for government officials
Unidentified assailants robbed South African Transport Minister Sindisiwe Chikunga as she was travelling with her bodyguards along one of the country’s main highways. “The tires of the minister’s car were punctured by spikes, bringing the car to a stop, enabling the criminals to rob the occupants of valuables,” Transport Ministry spokesman Collen Msibi said in […]
