All World News Portal

On Friday, a South African woman living in the UK, became Britain's newest millionaire - on her 40th birthday. from News24 Top Stories https://ift.tt/ayEbKzc

While piracy is a problem, it's not the only issue in Africa's oceans. Oil pollution and illegal fishing are often perpetrated by foreign entities, write Ifesinachi Okafor-Yarwood and Freedom Onuoha. from News24 Top Stories https://ift.tt/cgErqOS

The company contracted by the KZN Education Department to supply the schools feeding scheme has claimed that it has not received any payment for the R2.1 billion tender. from News24 Top Stories https://ift.tt/ExG6IjA

Rajneesh Karnatak has joined the Bank of India as its managing director and chief executive officer, the lender has said. Rajneesh Karnatak has an experience of over 29 years. Prior to this, he had been the chief general manager of Punjab National Bank until his appointment as executive director in Union Bank of India from October 21, 2021. He completed the Master of Commerce and is a certified associate from Indian Institute of Bankers (CAIIB). With a new leader we are poised to ascend to new heights & successes. Here are glimpses of warm welcome to our MD & CEO Shri Rajneesh Karnatak at Bank of India Head Office, Mumbai. pic.twitter.com/pvCK07DP9v — Bank of India (@BankofIndia_IN) April 29, 2023 During his banking career, he has headed critical divisions like large corporate credit branches and strategic verticals such as credit monitoring, digital banking and mid corporate credit as general manager in Oriental Bank of Commerce. Post-amalgamation of Oriental Bank of Com

With conflict that has already caused extensive damage to public infrastructure and loss of human lives taking different faces, News24 spoke to Alp Sevimlisoy, a geopolitical strategist and national security expert. from News24 Top Stories https://ift.tt/NRMgTE9

The Cape Town bus company tasked with transporting more than 50 churchgoers from St Aidan's Church in Lansdowne to the Southern Cape, says the driver was injured and still in shock after a deadly accident that saw four female passengers die and scores injured. from News24 Top Stories https://ift.tt/gpJzURn

It was a landslide victory for the top leadership of the DA in KwaZulu-Natal that was elected at the party's provincial congress on Saturday. from News24 Top Stories https://ift.tt/AbQIf6P

South African Brad Binder won the sprint at the Spanish Grand Prix on Saturday edging reigning world champion Francesco Bagnaia. from News24 Top Stories https://ift.tt/Sc03U4J

The National Joint Operational and Intelligence Structure (Natjoints) has warned that lawlessness will not be tolerated as truck drivers threaten to down tools this long weekend. from News24 Top Stories https://ift.tt/YafNd2z

Aleix Espargaro dodged the showers on Saturday to grab pole position in the Spanish motorcycle Grand Prix at Jerez, while South Africa's Brad Binder managed to qualify fourth. from News24 Top Stories https://ift.tt/XUETZWr

uMngeni Municipality will be a good story for the DA in KwaZulu-Natal as the party prepares to "govern" the province after the 2024 elections. from News24 Top Stories https://ift.tt/yWTK8fr

Though there may have been some trepidation over the new Sprint Shootout's implementation, there is no doubt that the sprint qualifying has done its intended job. from News24 Top Stories https://ift.tt/owpR8Sl

All South Africans who were stuck in conflict-torn Sudan have been safely evacuated, according to Department of International Relations and Cooperation spokesperson Clayson Monyela. from News24 Top Stories https://ift.tt/J4OCdij

If endorsements are anything to go by, it will be a clean sweep for Dean Macpherson, who is seeking a second term as the DA KwaZulu-Natal chairperson. He's up against one of DA's long-serving members, Dianne Kohler Barnard. from News24 Top Stories https://ift.tt/rvzDF2Z

Springbok captain Siya Kolisi has gone under the knife in Cape Town. from News24 Top Stories https://ift.tt/2EuJKh3

School transportation has yet again been thrust into the spotlight after two pupils died in separate crashes in Mitchells Plain within the space of a week. from News24 Top Stories https://ift.tt/HIfw0Ez

Loose forward Henco Venter will leave the Sharks at the end of the season to join Scottish outfit Glasgow Warriors. from News24 Top Stories https://ift.tt/kmr9jMP

The total wheat arrivals has crossed 100 lakh metric tonne in the 'mandis' of Punjab. The total arrival of wheat crossed 100 lakh metric tonne (LMT) till Thursday, said an official statement. Of the total arrivals so far, about 3.5 LMT have been purchased by the traders, while the rest has been picked up by the government agencies at Minimum Support Price, the statement said. Notably, the wheat procurement in the state began on April 1, but due to unseasonal rains in many parts of the state, the pace picked up a few days later. Punjab's Food, Civil Supplies and Consumer Affairs Minister, Lal Chand Kataruchak said the procurement of wheat has entered its last phase. The total wheat arrivals has crossed 100 LMT already and has surpassed the entire procurement of last year, which stood at 96 LMT. Comparing the arrivals with the previous year, the Minister said that "it is a matter of pride that once again Punjab is on top in feeding the nation, with almost 50 per cen

The Western Cape High Court finally ruled that MTI was a scam that generated returns for early investors with investments taken from those who joined later. from News24 Top Stories https://ift.tt/9f1ztlH

The Department of Correctional Services has launched a manhunt after two inmates escaped from the Ngqeleni Correctional Centre in the Eastern Cape. from News24 Top Stories https://ift.tt/BtXpie5

Almost 18 months on, South Africa's $8.5 billion transition showpiece looks more like a cautionary tale. from News24 Top Stories https://ift.tt/lsUqESr

The FIA is confident they did everything according to the law when president Mohammed Ben Sulayem was accused of being sexist by former employee Shaila-Ann Rao. from News24 Top Stories https://ift.tt/yMVUGzv

Facebook-parent Meta on Wednesday reported it made a profit of $5.7 billion dollars in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs. The profit came on revenue of $28.6 billion and as the number of people using Facebook every month grew to just shy of three billion, an earnings report showed. "We had a good quarter and our community continues to grow," said Mark Zuckerberg, Meta founder and CEO. "We're also becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision." Zuckerberg, who has called 2023 the "year of efficiency", added that artificial intelligence being used at Meta is "driving good results" across its business. Meta shares were up nearly 10 percent to $239 in after-market trades that followed release of the earnings figures. Meta said that the number of ads shown across its "family of apps&q

Our view on the business stories of the day. from News24 Top Stories https://ift.tt/IiKJ8Ng

A 55-year-old Eastern Cape man has been arrested on allegations of Road Accident Fund fraud after he attempted to lodge a R2.2-million claim for a drunken fall, according to the Hawks. from News24 Top Stories https://ift.tt/rLPXRO4

Two Cape Town firefighters who ran the 2023 Totalsports Two Oceans Ultra Marathon while dressed in their full uniforms raised more than R180 000 for Volunteer Wildfire Services from News24 Top Stories https://ift.tt/4jmYBUM

International Relations and Cooperation Deputy Minister Candith Mashego-Dlamini has called on her BRICS counterparts to prioritise regional and continental peace to create a sustainable global order based on international law. from News24 Top Stories https://ift.tt/aHTfsEY

In what could be seen as the biggest clue regarding what's to come after the Rugby World Cup in France, Mzwandile Stick and Deon Davids have had their contracts with the Springboks extended until the 2027 global showpiece slated for Australia. from News24 Top Stories https://ift.tt/iTsbNAG

The fall-out from the Lions' controversial MyPlayers survey came to a head on Wednesday after the troubled franchise confirmed Albert van den Berg would not be renewing his contract. from News24 Top Stories https://ift.tt/krPyZDU

The Indian Premier League has reached its midway stage with Faf du Plessis firing on all cylinders, Rinku Singh achieving a miracle and MS Dhoni's Chennai Super Kings top of the table. from News24 Top Stories https://ift.tt/8CivVQa

Kenya has decided not to remove its embassy officials from Sudan because it intends to be at the centre of finding a peaceful solution to the fighting that has stretched for over a week. from News24 Top Stories https://ift.tt/WMsISRD

Electric mobility startup Zypp Electric on Tuesday said it plans to deploy 1-lakh electric scooters in collaboration with Zomato for last-mile delivery by 2024. As part of the tie-up, Zypp will also provide delivery partners to Zomato for the last-mile deliveries in various cities across the country, Zypp said in a statement. The company said it currently has over 13,000 of its electric vehicles running on the roads as part of the sustainable transportation plan and added it is aiming to significantly reduce carbon emissions by up to 35-million kg. The target is to achieve more than 1-crore green deliveries through EVs by 2024, it stated. This association is a part of a larger plan of Zomato to go completely electric by 2030, as part of its commitment to "The Climate Group's EV100" initiative, Zypp said. "Food delivery is all on 2-wheelers and is mostly running on petrol and at the same time wanting to shift to EVs to save costs. "By leveraging our EV flee

India is exploring the possibility of opening a logistics hub for Indian companies in Panama, External Affairs Minister S Jaishankar has said, asserting that the country's trade with Latin America is growing and nearing $50 billion. The minister arrived in Panama on Monday from Guyana. He called on President Nito Cortizo and conveyed the personal greetings of Prime Minister Narendra Modi to him. "His strong resonance with PM Modi's "Panch Prann" reflects the strength of our Global South bonds and shared outlook for the world. Valued his guidance for advancing our bilateral and multilateral partnership," S Jaishankar tweeted. Nito Cortizo said, during their meeting, they talked about the will to make an alliance with the Indian pharmaceutical industry to achieve quality, effective and cheaper medicines for Panamanians. "We address the commercial exchange between Panama and India and the advantages that our country offers for the establishment of more

But the outgoing Eskom COO thinks an EAF target of 65% is unrealistic, write Mariam Isa and Chris Yelland of EE Business Intelligence?. from News24 Top Stories https://www.news24.com/fin24/Opinion/analysis-eskoms-oberholzer-backs-responsible-life-extension-of-old-plants-20230425

 FMCG (Fast-moving consumer goods) major Nestle India Ltd on Tuesday reported an increase of 24.69 per cent in its net profit at Rs 736.64 crore for the first quarter ending March 31, 2023. The company, which follows the January-December financial year, had posted a net profit of Rs 590.77 crore in the same period a year ago, Nestle India said in a regulatory filing. Nestle India's net sales rose 20.43 per cent to Rs 4,808.40 crore during the period under review, as against Rs 3,962.84 crore in the corresponding period last fiscal, the company said. Its total expenses in the January-March quarter were at Rs 3,873.76 crore, up 20.61 per cent, as against Rs 3,211.78 crore in the corresponding period a year ago. Nestle India's domestic sales were up 21.18 per cent to Rs 4,612.73 crore, as against Rs 3,806.20 crore in the January-March period of 2022. Its exports were up 24.91 per cent to Rs 195.67 crore, as against Rs 156.64 crore in the corresponding quarter a year ago. Sha

It was meant to be the climate justice blueprint, the deal that showed how rich countries could help developing economies end their reliance on coal and go green. Almost 18 months on, South Africa’s $8.5 billion transition showpiece looks more like a cautionary tale. from News24 Top Stories https://ift.tt/25lhdzC

Extreme weather events in Malawi and Pakistan have driven "very sharp" rises in malaria infections and deaths, a global health chief said ahead of World Malaria Day on 25 April. from News24 Top Stories https://ift.tt/WFyimHP

Ugly scenes played out in America's Major League Rugby over the weekend when South African coach Pote Human charged onto the field and got into a fight with an opposing coach. from News24 Top Stories https://ift.tt/a2ge3Z4

The family of an Alexandra child, who was allegedly scalded with boiling water at a creche, said the little boy was battling to recover from the ordeal. from News24 Top Stories https://ift.tt/g7fo9kJ

The rupee was trading in a narrow range in the morning session on Monday as positive sentiment over domestic equities rise and easing crude oil price were partially negated by a stronger American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 82.08 against the dollar. It touched an early high of 82.05 in initial deals. The rupee on Friday settled at 82.06 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.80, down 0.02 per cent. Global oil benchmark Brent crude futures declined 0.92 per cent to USD 80.91 per barrel. On the domestic equity market front, BSE Sensex was trading 86.9 points or 0.15 per cent higher at 59,741.96 points while the broader NSE Nifty advanced 28.95 points or 0.16 per cent to 17,653 points. Forex traders said significant foreign fund outflows also dented investor sentiments and weighed on the local unit. Foreign institu

News24's Bashiera Parker recently visited The Cape Heritage Museum at the Castle of Good Hope. She speaks to curator, Igshaan Higgins, as he explains why every South African should stop by the newly opened museum. from News24 Top Stories https://ift.tt/dLVzgGf

A French sailor who set off from Hout Bay Yacht Club early in March, has arrived safely in the French Caribbean, following seven weeks of solo sailing and no updates about his progress. from News24 Top Stories https://ift.tt/N48g9AE

Businesswoman and reality TV star Shauwn 'MaMkhize' Mkhize is opening up about her upcoming memoir, My World My Rules, just days before its release. from News24 Top Stories https://ift.tt/aAnb0MF

Bulls assistant coach Chris Rossouw had a small wish of facing the Stormers in the United Rugby Championship quarter-final and that's exactly what he got after the Sharks drew with Munster in Durban. from News24 Top Stories https://ift.tt/eZUd2CT

Ukraine has condemned what it called "absurd" comments from China's ambassador to France, who questioned the sovereignty of post-Soviet countries. from News24 Top Stories https://ift.tt/2avz4lx

Underlining that global consensus is necessary for regulation of crypto, before India makes any move on it, Union Finance Minister Nirmala Sitharaman on Sunday said a global template may have to be created, and everyone will have to work together on it, otherwise regulating it will not be effective. The Minister, however, said it does not mean controlling of 'distributed ledger technology', which has its goodness and potential. "The G20 of which the India is currently holding the Presidency, it was India's proposal and it has been taken on board, I'm glad that the G20 has kept it in its agenda for this year, the IMF has given a paper on crypto currency and the way it can affect the macroeconomic stability. The Financial Stability Board (FSB), which was set up by G20, has agreed to give a report that will also focus on financial stability," Ms Sitharaman said. "Their (FSB) report and IMF's report are going to be discussed in July when Finance Minist

Zimbabwe will soon introduce a gold-backed digital currency meant to stabilize the local unit from its continued depreciation against the dollar, state-run Sunday Mail reported. from News24 Top Stories https://ift.tt/S7A1iF8

from News24 Top Stories https://ift.tt/dw5FSVB

The ANC is recommending that utility Eskom delays the decommissioning of its ageing coal-fired power stations to help minimise load shedding, electricity minister Kgosientsho Ramokgopa said. from News24 Top Stories https://ift.tt/JF8D0WS

KZN Premier Nomusa Dube-Ncube has ordered a full-scale investigation into the National School Nutrition Programme after reports of inadequate food supply in some schools in the province. from News24 Top Stories https://ift.tt/nwLQvds

The Verulam Regional Court in Durban has sentenced two men to life imprisonment for the murder of police detective Sergeant Sibongile Mbanjwa in 2021. from News24 Top Stories https://ift.tt/idao3lZ

The DA in Gauteng is worried that a sinkhole that swallowed parts of a Khutsong school might contribute to the escalating number of dropouts. from News24 Top Stories https://ift.tt/r6XPpk5

Recent climate and waste conditions have seen exceptional growth in German cockroach populations in South African communities. from News24 Top Stories https://ift.tt/80uF26Z

Journalists and authors Jeff Wicks and Mandy Wiener say South Africa can do more to protect whistleblowers. from News24 Top Stories https://ift.tt/mV7cQ98

Covid-19 disrupted the functioning of the world and exposed the vulnerabilities and pain points in the global supply chains. Shortage of workforce, lack of warehousing space, and long and complex supply chains, are few of the many problems the logistics sector faced. All major global companies are already working towards addressing these problems. They are using technology to automate the processes, reconfiguring complex supply chains, and finding an alternative to China in their supply chain. In India, the government is investing heavily to expand its road, rail, and port connectivity. With initiatives such as goods and service tax (GST) and National Logistics Policy (NLP), it further aims to strengthen supply chains across the country. The National Logistics Policy aims at improving India's trade competitiveness, create more jobs, and build a cost-efficient logistics ecosystem in India. This bodes well for the organised logistics companies in India . Furthermore, India is o

The dollar looked set for its first weekly gain in more than a month on Friday as bets for another rate hike by the Federal Reserve in May firmed, while traders looked ahead to a slew of Purchasing Managers' Index data releases to cap the week. The dollar rose against most major currencies in Asia trade save for the Japanese yen, where the greenback was last 0.26% lower at 133.89 yen. Japan's consumer inflation held steady above the central bank's target in March, data on Friday showed, with a key index hitting a four-decade high, putting pressure on the Bank of Japan (BOJ) to shift away from its ultra-loose monetary policy stance. Elsewhere, the U.S. dollar index rose 0.07% to 101.85, and was eyeing a weekly gain of roughly 0.3%, after five straight weeks of losses. Rising expectations that the Fed will raise interest rates by 25 basis points in May have lent some support to the greenback, with money markets now pricing in a roughly 86% chance of such a hike next month

Meet the Suzuki Eeco, a plucky little panelvan with a K12 heart. It's an entrepreneur's best friend for under R200 000, writes News24 Motoring contributor Calvin Fisher. from News24 Top Stories https://ift.tt/8xQ0f7e

When 21-year-old Western Province and Stormers flyhalf Kade Wolhuter fell to the turf at the Danie Craven Stadium on Tuesday, writhing in pain, he knew he was in serious trouble. from News24 Top Stories https://ift.tt/aNw3LRF

Shares of HCL Technologies climbed 3.5 per cent in morning trade on Friday after the IT company posted 10.85 per cent increase in consolidated net profit for March quarter 2022-23. The stock advanced 3.49 per cent to Rs 1,073.85 on the BSE. At the NSE, it jumped 3.51 per cent to Rs 1,074. The stock was the biggest gainer among the Sensex and Nifty components during the morning trade. HCL Technologies after market hours on Thursday posted 10.85 per cent increase in consolidated net profit at Rs 3,983 crore for the March quarter 2023. The company had posted a net profit of Rs 3,599 crore for the same period a year ago. "HCL Tech reported Q4 performance that was in line on revenue, margin and guidance," a report by Institutional Equities, HDFC Securities said. The company's revenue from operations rose by about 18 per cent to Rs 26,606 crore during the period from Rs 22,597 crore in March 2022 quarter. "HCL Tech results have not disappointed," said V K Vija

Stormers coach John Dobson has made a number of changes to his team for their URC clash against Benetton in Stellenbosch. from News24 Top Stories https://ift.tt/gKvJR52

The rupee appreciated 11 paise to close at 82.14 (provisional) against the US dollar on Thursday, as crude oil prices retreated from elevated levels. Forex traders said a positive trend in domestic equities also supported the local unit. At the interbank foreign exchange market, the local unit opened at 82.21 against the US currency and finally closed at 82.14 (provisional) against the greenback, registering a gain of 11 paise over its previous close. During the session, the rupee touched a high of 82.12 and a low of 82.21 against the dollar. On Wednesday, the rupee closed at 82.25 against the US currency. According to Jateen Trivedi, VP Research Analyst at LKP Securities, the rupee traded positively on the back of the dollar index trading below USD 101.70 along with weakness in crude as WTI traded below USD 78, giving support to the rupee. "Rupee continues to be in the broad range between 81.80-82.25 pricing in the interest rate probability of a hike in May policy by 0.25bp