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The number of SA municipalities that received clean audits decreased in 2022, as the Auditor-General again said poor planning, weak financial controls and an over-reliance on costly consultants were contributing to service delivery failures. from News24 Top Stories https://ift.tt/bnSMtYJ

Battered shares in crisis-hit Credit Suisse no longer meet criteria for listing on the New York Stock Exchange, the bank said Wednesday, adding that its upcoming sale to UBS would resolve the issue. "The New York Stock Exchange notified Credit Suisse on May 1... that it is no longer in compliance with the NYSE's continued listing minimum price criteria," Credit Suisse said in a statement. Credit Suisse is listed in New York under a "Depositary Shares" scheme that allows foreign firms to sell stock in the United States. Under NYSE rules, shares must trade for at least $1.00 for 30 consecutive days to qualify for listing. But the financial firm, whose share price crumbled under the pressure of fears of contagion from the collapse of three US regional banks, is slated to be taken over by historic rival UBS in a rescue organised by Bern. Since the deal, the share price has hovered around 0.76 Swiss francs ($0.83) -- in line with the three-billion-franc valuatio

The miner now has a shareholding of over 55% in Royal Bafokeng Platinum, triggering a series of public interest benefits for South Africa. from News24 Top Stories https://ift.tt/4klBZ1q

India, under Prime Minister Narendra Modi, has transformed, gaining a position in the world order and becoming a key driver for Asia and global growth, said Morgan Stanley. In a report, Morgan Stanley said significant scepticism about India, particularly with overseas investors, ignores the significant changes that have taken place in India, especially since 2014. India of today, the report said, is different from what it was in 2013. "This India is different from what it was in 2013. In a short span of 10 years, India has gained positions in the world order with significant positive consequences for the macro and market outlook," it said. "India has transformed in less than a decade." Listing the 10 big changes that have happened since Prime Minister Narendra Modi took office in 2014, the brokerage said bringing corporate tax at par with peers and infrastructure investment picking pace are one of the biggest supply-side policy reforms. Also, the rising collect

 The payment system is expected to be "bunker-like" lightweight and portable, using minimal hardware and software. It will only be activated when needed, such as during a natural disaster or other catastrophic event. The system would process transactions that are critical to the stability of the economy, such as government and market-related transactions. This would help to ensure that the economy is able to function smoothly and that there is no disruption to the flow of money. "Having such a resilient system is also likely to act as a bunker equivalent in payment systems and thereby enhance public confidence in digital payments and financial market infrastructure even during extreme conditions," the RBI Annual Report for 2022-23 read. The payment systems in India, such as UPI, RTGS, and NEFT, are designed to handle large volumes of transactions and ensure continuous availability. However, they rely on complex wired networks and advanced IT infrastructure. The

Bok legend Tendai "Beast" Mtawarira handed over the Webb Ellis Cup to World Cup organisers in France on Tuesday. from News24 Top Stories https://ift.tt/QRcdFB4

SA should be able to run some transactions in case of a national blackout. from News24 Top Stories https://ift.tt/ZYJtFzO

Charlene: In Search of a Princess by Arlene Prinsloo and published by Jonathan Ball Publishers has recently been translated and is now being sold in France. from News24 Top Stories https://ift.tt/1QFb4ke

Almost half of all mumps cases since the start of the year have been recorded in KwaZulu-Natal, but the National Institute for Communicable Diseases has cautioned that its data may be incomplete due to delays in testing. from News24 Top Stories https://ift.tt/mJ4UEBw

Child Protection Week takes place between 29 May to 5 June 2023, to raise awareness of the rights of children. from News24 Top Stories https://ift.tt/EPlzG0h

The rupee depreciated by 4 paise to 82.67 against the US dollar in early trade on Tuesday, tracking a strong American currency against major rivals overseas. Forex traders said downward movement in crude price and inflows of foreign funds, however, capped the fall in the Indian currency. Meanwhile, the dollar strengthened as investors were upbeat on the tentative agreement between US President Joe Biden and Republican House Speaker Kevin McCarthy on the debt ceiling, which is likely to face voting on Wednesday before getting sealed. Traders were also keeping an eye on the US non-farm payroll (NFP) data to be released on Friday. "Rupee traded in a narrow range and volatility remained low as most market participants remained on the sidelines following US market holiday. On the other hand, the dollar was weighed down after preliminary talks between the Republicans and Democrats sailed through. "Today, focus will be on the consumer confidence number from the US and that is l

Disease flare-ups such as the cholera outbreak in Hammanskraal are "made far worse in situations of poor governance, weak management and poor maintenance of infrastructure", says the head of government, President Cyril Ramaphosa. from News24 Top Stories https://ift.tt/rQT8JSi

Minister Gwede Mantashe has been refused leave to appeal a ruling that his dismissal of an anti-nuclear activist from the National Nuclear Regulator's board was unlawful. from News24 Top Stories https://ift.tt/BazAKv2

Global forecasting firm Oxford Economics on Monday said the RBI may cut key benchmark policy rate in the fourth quarter of the current calendar year as a mix of factors will allow the central bank to shift focus and adopt a more accommodative policy stance sooner. It further said inflation has already begun easing, and consumer inflation expectations are falling, so attention has shifted from estimating the peak level of the current hiking cycle to the timing of rate cuts. "We are updating our baseline view for India to include a first rate cut by the RBI in Q4 2023. We think a mix of factors will allow the RBI to shift focus and adopt a more accommodative policy stance sooner," Oxford Economics said. It noted that despite easing price pressures recently, risks to inflation over the remainder of the year are to the upside. "The MPC will want to see clear signs that inflation is stabilising in the middle of its target range before considering a dovish move - in our vi

The Department of Water and Sanitation says tap water in Free State remains safe to drink despite a cholera outbreak in the Ngwathe Local Municipality. from News24 Top Stories https://ift.tt/8oCBOgu

A National Sea Rescue Institute (NSRI) rescue craft that was stolen in Cape Town on Saturday has been found torched. from News24 Top Stories https://ift.tt/pQN1vn3

South Korea’s Asiana Airlines has stopped selling some emergency exit row seats following an accident in which a passenger opened an emergency exit door midair causing panic on board. from News24 Top Stories https://ift.tt/ZUIwD0H

The Pietermaritzburg High Court has granted an interim interdict halting new mining activity as part of the controversial expansion of the Somkhele coal mine in KwaZulu-Natal. from News24 Top Stories https://ift.tt/j8fxSVM

This is a critical decade for us to take steps to ensure a sustainable future for all. Here is how you can do your bit. from News24 Top Stories https://ift.tt/42j1eHE

Africa’s largest asset manager, the Public Investment Corporation (PIC), is backing a possible bid led by the former chief executive of Telkom for a 35% stake in South Africa’s third-biggest mobile phone company, according to people familiar with the matter. from News24 Top Stories https://ift.tt/MJpPq5v

Timing is everything, and SME owners must factor in delays of up to several months, writes Kevan Govender. from News24 Top Stories https://ift.tt/wXTFY4o

The question arises, how does one live one’s life when you are either physically or mentally unwell? from News24 Top Stories https://ift.tt/RtGMpmA

Heartbreak. That is what the Stormers are left with following their 19-14 defeat to Munster in Saturday's United Rugby Championship final. from News24 Top Stories https://ift.tt/RdDUXjf

British actor Hugh Grant on Friday won a court bid to bring to trial his claim against the UK publisher of The Sun newspaper for unlawfully gathering information. from News24 Top Stories https://ift.tt/7h405VF

London police said on Saturday that a man arrested after a car collision into the gates of Downing Street, the site of British Prime Minister Rishi Sunak's office, had been separately charged with making indecent images of children. from News24 Top Stories https://ift.tt/RAogQam

Water and Sanitation Minister Senzo Mchunu says he welcomes the "new attitude" of Tshwane Mayor Cilliers Brink following a meeting to resolve water supply problems to Hammanskraal and surrounding areas. from News24 Top Stories https://ift.tt/k4b97fc

The University of South Africa has responded to the Independent Assessor report, saying that the university is far from collapsing or being a university in chaos. from News24 Top Stories https://ift.tt/fBQ4N9J

Pop icon Celine Dion on Friday cancelled all her remaining shows scheduled for 2023-2024, saying she was not strong enough to tour as she battles a rare neurological disorder. from News24 Top Stories https://ift.tt/nzy8R1B

Home Affairs Minister Aaron Motsoaledi has been joined as a respondent in Dr Nandipha Magudumana's challenge to her 'abduction' by SA police in Tanzania – meaning he'll be able to submit evidence about what he insists was a lawful deportation. from News24 Top Stories https://ift.tt/pSiMs1r

Stalwarts Deon Fourie and Marvin Orie return to the Stormers starting XV for Saturday's URC Grand Final against Munster in Cape Town. from News24 Top Stories https://ift.tt/SJXiw49

With the ever-increasing reliance on technology, the demand for cybersecurity professionals is on the rise, both locally and globally. from News24 Top Stories https://ift.tt/NvHcEw1

The National Company Law Appellate Tribunal (NCLAT) has set aside the order of NCLT directing bourses NSE and BSE to reconsider their approval for the Zee-Sony merger. A two-member NCLAT bench has asked NCLT to consider the merger of Zee Entertainment with Culver Max Entertainment (earlier known as Sony Pictures Networks India) afresh, after hearing all the parties. The appellate tribunal order came on hearing the appeal filed by Zee Entertainment Enterprises Limited (ZEEL) against the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT) on May 11, 2023. The NCLT had directed NSE and BSE to reconsider their prior approvals for the merger of ZEEL and Culver Max Entertainment. It had also asked the bourses to reassess the non-compete fee under the clause of the merger. The said order was challenged by ZEEL before the appellate tribunal, contending that it was not granted adequate opportunity by the NCLT to present its side and it didn't follow the principl

Clad in traditional Zulu gear and singing traditional and struggle songs, scores of supporters flocked to the Randburg Magistrate's Court for the appearance of Ngizwe Mchunu, one of the alleged instigators of the July 2021 unrest. from News24 Top Stories https://ift.tt/lHLZQ3o

The City of Johannesburg has shared more details about a plan to reduce the impact of load shedding on the city. from News24 Top Stories https://ift.tt/bNvHysg

Veteran midfielder Andile Jali will see his five-year journey with Mamelodi Sundowns come to an end and leave "amicably", his agent Mike Makaab confirmed. from News24 Top Stories https://ift.tt/AVw3uzK

The Road Accident Fund is refusing to hand over crucial documents required in a court challenge by the Law Society of South Africa and the National Council of and for Persons with Disabilities. from News24 Top Stories https://ift.tt/fBDKpn2

Hundreds of disgruntled university students have marched to the office of the National Student Financial Aid Scheme in Cape Town to protest over funding issues. from News24 Top Stories https://ift.tt/o0tYApW

Union Minister Nitin Gadkari has said the finance ministry has agreed to allow contractors engaged by state-owned NHAI and NHIDCL to convert their bank guarantees into insurance surety bonds. Mr Gadkari had recently said changes will be made to the surety bond offering to make it more lucrative as no contractor is buying it because of the strict conditions imposed by insurance regulator Irdai. "I conveyed to the road transport secretary that he should talk to the finance secretary once to give it (allowing conversion of bank guarantee to surety bonds) from retrospective effect. "In NHAI, in the road ministry and NHIDCL whatever bank guarantees are there, if they want, they can convert them into insurance surety bonds. Permission should be given for this," Mr Gadkari said on Wednesday at an event organised by the National Highways Authority of India. Last year in December, Mr Gadkari launched the country's first-ever surety bond insurance product with an aim to re

One of the patrons who were at Enyobeni tavern the night 21 people died, testified that a bouncer had sprayed a substance inside the overcrowded establishment, locked the door and fled. from News24 Top Stories https://ift.tt/LX36NUj

Leinster hooker Dan Sheehan has scooped the URC Players' Player of the Season award for 2022/23. from News24 Top Stories https://ift.tt/tIz8b56

Reserve Bank of India Governor Shaktikanta Das today stressed that the entire process of withdrawal of Rs 2,000 notes will be non-disruptive, and the Central Bank has been monitoring the situation regularly. The Reserve Bank of India (RBI) on Friday announced the withdrawal of Rs 2,000 denomination banknotes as part of its currency management. It has maintained that this wasn't demonetisation as the 2000 rupee notes continue to be legal tender, meaning they can be used for making payments. Replying to questions at an event organised by industry body CII, Governor Das said the entire process of withdrawal of the high-denomination currency will be non-disruptive. "The entire process will be non-disruptive. We have made our analysis about that," the Governor said. Mr Das also said RBI is monitoring the situation regularly and so far there is no concern or major issue. The 131-day window to exchange 2000 rupee currency notes opened on Tuesday. The Rs 2,000 notes constit

Aviation regulator DGCA will conduct an audit of Go First's preparedness before approving resumption of flights by the crisis-hit carrier, according to a communication. Cash-strapped Go First stopped flying from May 3 and is undergoing voluntary insolvency resolution proceedings. On Tuesday, a senior official at the Directorate General of Civil Aviation (DGCA) said the airline has submitted its response to the regulator's show cause notice indicating that it is working on the details of a plan to resume flights at the earliest. In a communication to the staff on Tuesday, the airline said, "DGCA will be conducting an audit to check our preparedness in the coming days. Once approved by the regulator, we would be soon commencing operations". The government has been very supportive and has asked the airline to commence operations as soon as possible, it added. Besides, the communication, sent out on Tuesday night to the staff, said the CEO has assured that salaries f

The Eastern Cape Department of Health has warned of a possible shortage of medication in Ncora, outside Cofimvaba in the Eastern Cape, after a nurses' home went up in flames over the weekend. from News24 Top Stories https://ift.tt/Su5loGq

The inflation has moderated, but the central bank cannot be complacent towards easing price pressures yet as potential weather-related uncertainties linger, the governor of the Reserve Bank of India said on Wednesday. "The war on inflation is not over; we have to remain alert," Shaktikanta Das said at an event in New Delhi. "There is no room for complacency. We will have to see how the El Nino factor plays out." India's annual retail inflation eased to 4.7% in April from 5.66% in the previous month, according to data. This month's retail inflation data, scheduled to be released on June 12, "could perhaps be lower," Mr Das said. The RBI targets inflation at 4%, with a tolerance level stretching up to two percentage side on either side. The rate-setting Monetary Policy Committee has raised the policy repo rate by 250 basis points since May last year to quell inflationary pressures. The panel kept the repo rate steady at its meeting last month a

A 53-year-old Mozambican man has been arrested for allegedly trafficking a 15-year-old girl from his country after promising her a job in Alexandra only to use her as a sex slave. from News24 Top Stories https://ift.tt/dHv2kCK

The Western Cape High Court will deal with separate trials relating to the murders of two well-known Cape Town lawyers on Wednesday. from News24 Top Stories https://ift.tt/fJRNw83

Rudolph Gerhardus Snyman, better known as RG in local rugby circles, is a tall and present danger for the Stormers in Saturday's United Rugby Championship final against Munster. from News24 Top Stories https://ift.tt/0zvkblh

WhatsApp has introduced a new feature that allows users to edit their messages after sending them. from News24 Top Stories https://ift.tt/rZimzSM

The Gift of the Givers Foundation has delivered thousands of litres of bottled water to Hammanskraal, north of Pretoria, amid a cholera outbreak that has claimed the lives of 15 people. from News24 Top Stories https://ift.tt/6y3HXFh

All Adani Group stocks extended their rally, with Adani Enterprises climbing nearly 18 per cent this morning, after a Supreme Court-appointed panel found no evidence of stock price manipulation in the group companies while a separate probe by markets regulator SEBI also drawing a blank. The stock of Adani Enterprises zoomed 17.65 per cent on the Bombay Stock Exchange or BSE. Shares of Adani Wilmar jumped 9.99 per cent, Adani Ports gained 7.71 per cent, Adani Power climbed 5 per cent, Adani Transmission (5 per cent), Adani Green (5 per cent), Adani Total Gas (5 per cent) and NDTV (4.99 per cent). The stock of Ambuja Cements jumped 4 per cent and ACC climbed 2.87 per cent. Some group stocks also hit their upper circuit limits during the morning trade. In the equity market, the 30-share BSE benchmark climbed 238.21 points or 0.38 per cent to quote at 62,201.89 in morning trade. Adani Group stocks have been rallying since Friday. The committee, headed by former Supreme Court judge J

Four Springboks have been named in the Best Fifteen of Japan's League One. from News24 Top Stories https://ift.tt/a3fLQC1

Indian shares advanced on Tuesday, powered by information technology and Adani group of stocks, even as markets kept an eye on the US debt ceiling talks. The blue-chip Nifty 50 index was up 0.41% at 18,391.50 as of 10:08 a.m. IST, while the benchmark S&P BSE Sensex rose 0.33% to 62,165.70. Ten of the 13 major sectoral indexes advanced, with the metal index jumping nearly 3%. Adani Enterprises Ltd, which has a weightage of 17% in the metal index, jumped over 12% and was the top Nifty 50 gainer. All the Adani group stocks surged between 2% and 13%, and extended gains after markets regulator Securities and Exchange Board of India (SEBI) found no conclusive evidence after a probe into suspected violations in overseas investments in the group. The Supreme Court's expert panel has ruled out a regulatory failure around the allegation of price manipulation. "The high integrity of the members of the panel must have given confidence to investors to buy the beaten down (Adani) s

The Bulls and Lions are reportedly eager to sign deals with former Springboks Andries Bekker and Ricardo Loubscher as assistant coaches. from News24 Top Stories https://ift.tt/UpGsL0S

University of Cape Town Council chairperson Babalwa Ngonyama has tendered her resignation, which is effective immediately. from News24 Top Stories https://ift.tt/FNvrOA4

The South African Transport and Allied Workers Union (Satawu) has raised concerns over the recent long-distance bus crashes in which 10 people were killed in two separate incidents in the Western Cape. from News24 Top Stories https://ift.tt/5gZFuNA

In this week's presidential newsletter, President Cyril Ramaphosa writes about the boost in the tourism industry within the country post-lockdown. from News24 Top Stories https://ift.tt/0U3Bvqb

Adani Group stocks surged on Monday, on the first day of trading after a Supreme Court-appointed panel's clean chit to the conglomerate in an investigation linked to US short-seller Hindenburg's allegations. The Adani Group stocks jumped as much as 15 per cent, with the group market capitalization crossing the Rs 10 lakh crore mark. The group's market share rose from Rs 9.34 lakh crore on Friday. Adani Group's flagship Adani Enterprises led the rally with an 18 per cent surge in Monday's trade. It was followed by Adani Wilmar (10%), Adani Ports (8.15%) and Ambuja Cements (up 6 per cent). Adani Green Energy, Adani Power, Adani Total Gas, Adani Transmission and NDTV hit the 5 per cent upper circuit limits. In a report revealed on Friday, the committee of domain experts appointed by the country's highest court also dismissed systemic risks in the stocks. The report also said there was prima facie no regulatory failure on the part of market regulator SEBI (Secur

Astral Foods has warned SA will experience political instability and policy uncertainty in the lead up to the 2024 elections, while contending with failing infrastructure and a lack of municipal service delivery from a government "asleep at the wheel". from News24 Top Stories https://ift.tt/s40onVh

Shares of Zomato climbed 2.55 per cent in morning trade on Monday, after the company's consolidated net loss narrowed to Rs 187.6 crore in the fourth quarter ended March 2023, on the back of robust revenue growth. The stock gained 2.51 per cent to Rs 66.16 a piece on the BSE. At the NSE, it climbed 2.55 per cent to Rs 66.15 a share. The company had posted a consolidated net loss of Rs 359.7 crore in the same period of the previous fiscal, Zomato said in a regulatory filing on Friday. Its consolidated revenue from operations during the period under review stood at Rs 2,056 crore, against Rs 1,211.8 crore in the year-ago period. The total expenses in the fourth quarter were higher at Rs 2,431 crore, compared to Rs 1,701.7 crore in the corresponding period a year ago, the company said. For the fiscal ended March 31, 2023, the consolidated net loss was Rs 971 crore, down from a consolidated net loss of Rs 1,222.5 crore in 2021-22. In FY23, consolidated revenue from operations st

Tempers flared during Saturday's Champions Cup final between Leinster and La Rochelle in Dublin. from News24 Top Stories https://ift.tt/5GbExU8

Two University of South Africa (Unisa) council members have tendered their resignation amid the surfacing of a wide-ranging report into the affairs of the university. from News24 Top Stories https://ift.tt/v3VbWHn

Soft skills are crucial in the job market and should form the core of any programme for youth employment, say Chijioke Nwosu, Alexis Habiyaremye & Thomas Habanabakize. from News24 Top Stories https://ift.tt/AqkUlT6

Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank of India (SBI) accounting for nearly half of the total earnings. From posting a total net loss of Rs 85,390 crore in 2017-18, the Public Sector Banks (PSBs) have come a long way as their profit touched Rs 1,04,649 crore in 2022-23, according to an analysis of their financial results. These 12 PSBs witnessed 57 per cent increase in total profit compared to Rs 66,539.98 crore earned in 2021-22. In percentage terms Pune-based Bank of Maharashtra (BoM) had the highest net profit growth with 126 per cent to Rs 2,602 crore, followed by UCO with 100 per cent rise to Rs 1,862 crore and Bank of Baroda with 94 per cent increase to Rs 14,110 crore. However, in absolute term, SBI has reported an annual profit of Rs 50,232 crore in 2022-23, showing an increase of 59 per cent over the preceding financial year. Except for the Punjab National Bank (PNB)

The explosion of generative AI has taken the world by storm, but one question all too rarely comes up: Who can afford it? from News24 Top Stories https://ift.tt/AgZpma5

As countries across the region scramble to ensure they have enough resources to keep the lights on, international affairs may take a back seat. from News24 Top Stories https://ift.tt/I7RjlwZ

Gevra Mega project in Chhattisgarh of South Eastern Coalfields (SECL) recently became the first mine in the country to achieve 50 million tonne of coal production annually. The government is currently trying to expand its capacity to achieve 70 million tonne output annually which would make it the largest coal-producing mine in Asia. Coal Secretary Amrit Lal Meena during his two-day visit to Chhattisgarh held a high-level review meeting with top officials of the Chhattisgarh government in Raipur. The deliberations in the meeting were centred around issues related to SECL's operations including environmental clearances, forest clearances, land acquisition, cooperation from the state government for rehabilitation and resettlement especially in respect of SECL's mega projects such as Gevra, Dipka and Kusmunda, according to a statement from the ministry of coal released on Saturday. During the meeting, coal secretary emphasised on time-bound completion of the projects with effec

Regulatory body TRAI on Saturday clarified and denied news reports that it was undertaking a drive to probe all past tariff plans for predatory pricing. "There is no special drive being undertaken by TRAI to probe all the past tariff plans filed by telecom companies except those specific plans under examination," the regulator said in a statement on Friday evening. Recently, a media report had said that Telecom Regulatory Authority of India (TRAI) was probing all past tariff plans against all service providers for predatory pricing while offering unlimited 5G data. One of the other important things that TRAI has also clarified over the draft regulations on metering and billing is that proposed regulations reduce the burden of service providers in terms of number of audits being conducted in a year. The regulatory body added that instead of auditing each licensed service area (LSA) in each quarter, audit is proposed on a yearly basis which means each LSA is to be audited o

Economic stagnation spawned by record daily power outages, rampant crime, disintegrating infrastructure and foreign policy missteps is leading investors to exit SA. from News24 Top Stories https://ift.tt/ZrOPNY9

The Community Policing Forum (CPF) has raised safety concerns after four men were shot dead in Mamelodi on Friday. from News24 Top Stories https://ift.tt/miEzBQG

The Springbok Sevens side started their London Sevens campaign with a 19-15 loss to hosts Great Britain on Saturday. from News24 Top Stories https://ift.tt/Z1nKyJA

The Stormers are set to be without the services of playmaker Sacha Feinberg-Mngomezulu in next weekend's URC final against Munster in Cape Town. from News24 Top Stories https://ift.tt/alPnQUD

In the aftermath of what Prince Harry and Meghan Markle called a "near catastrophic car chase", Harry reportedly told friends it was the "closest I have ever felt" to understanding what happened on the tragic night his mother died. from News24 Top Stories https://ift.tt/snXCrAo

A domestic violence researcher has raised concerns that Thuli Phongolo's withdrawal of assault charges may be considered a waste of state resources. from News24 Top Stories https://ift.tt/ub0eozK

The South African Medical Association has voiced concern over the introduction of a new shift system in the public healthcare system in Limpopo. from News24 Top Stories https://ift.tt/m0k9Mn6

Springbok coach Jacques Nienaber is satisfied that they achieved their objectives in the first of two preparation camps that concluded in Durban on Friday. from News24 Top Stories https://ift.tt/Mk5BhyG

Minister in the Presidency Khumbudzo Ntshavheni has sought to restore the country's relations with the US as the fallout from last week’s bombshell allegations by US ambassador Reuben Brigety that South Africa supplied arms to Russia. from News24 Top Stories https://ift.tt/6U0Q48G

Liquidator advocate Vaughn Victor has reportedly survived an attempt on his life. from News24 Top Stories https://ift.tt/hXwgtxJ

Another of pop music's most influential boybands, Westlife, is coming to South Africa in 2023. from News24 Top Stories https://ift.tt/87CXMJf

Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the government clarified on Thursday. TCS for these cases, when it crosses USD 250,000 per fiscal, will be now at 20 per cent from July 1, against the earlier 5 per cent. The Finance Ministry said the changes were necessitated as some instances have come to notice where the LRS payments were "disproportionately high" when compared to the disclosed incomes. The new rules under LRS don't change anything except bringing parity between the usage of debit and credit cards abroad. By bringing TCS on credit card under LRS, the government aims at plugging the loophole. Earlier, expenditures through credit cards were not accounted for under the specified LRS limit, which led to some individuals exc