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Showing posts from June, 2023

News24.com | Leave no trace just leave your leaves: Joburg Zoo wants your herbivore 'snacks' but not your litter

The Johannesburg Zoo has called on city residents to donate leaves for its tallest, shortest and fattest inhabitants. from News24 Top Stories https://ift.tt/lzPmACD

News24.com | Hudaco profit flat as load shedding bites warns AGOA loss will put 180 of its jobs at risk

Industrial group Hudaco said on Friday while load shedding weighed on its operations in its half-year to end-March, strong demand for items such as alternative energy and gas helped lift profits. from News24 Top Stories https://ift.tt/v1OnFRf

News24.com | Crypto cash freeze: SA company prevents withdrawal of portion of customers' crypto assets

Revix, A South African cryptocurrency investment company, has frozen 24% of their customer's crypto assets owing to trouble with one of their primary service providers. from News24 Top Stories https://ift.tt/swiUIeG

News24.com | Eddie Jones charged up to beat Boks at Loftus for first time: '100 percent committed to winning'

Upbeat Wallabies coach Eddie Jones on Friday said he intends to kick off his reign by creating history against world champions South Africa in Pretoria in a week's time, with a winning mentality key to his new-look Australia. from News24 Top Stories https://ift.tt/9fDF0IH

News24.com | Free State woman stole R2m from employer and shared it with ex-boyfriend Hawks say

A Free State woman who worked for a law firm allegedly stole R2 million from her employer and shared the money with her ex-boyfriend. from News24 Top Stories https://ift.tt/cPr0xns

News24.com | NPA gets preservation order in bribery case involving R200 000 and 15-year-old whisky

Cash, a Polo Vivo and a bottle of 15-year-old whisky are some of the items attached to a preservation order in a case in which a police officer was allegedly offered a R200 000 bribe to make a docket disappear while they were investigating municipal corruption. from News24 Top Stories https://ift.tt/ov5cILx

News24.com | Thin white line: Cape Town cop arrested for transporting person with cocaine

A 26-year-old police constable in Cape Town was arrested on Wednesday for defeating the ends of justice. from News24 Top Stories https://ift.tt/6DZ7zoe

News24.com | 7 000 people 70 bucket toilets: Diepkloof hostel residents demand more than promises after protest

Almost 30 years since the dawn of democracy, Diepkloof hostel still doesn't have electricity or dignified ablution facilities. from News24 Top Stories https://ift.tt/LwgtY6D

IndiGo Parent Firm InterGlobe Aviation's Valuation Reaches Rs 1 Lakh Crore

The market valuation of InterGlobe Aviation, the parent of IndiGo, reached Rs 1 lakh crore mark on Wednesday and became the first airline to achieve this milestone. On Wednesday, the stock rallied 3.55 per cent to settle at Rs 2,619.85 apiece on the BSE. In intra-day trade, shares of the company jumped 4.12 per cent to hit its 52-week high of Rs 2,634.25. On the NSE, shares of the company climbed 3.61 per cent to end at Rs 2,621.10 per piece. Helped by a rally in the stock price, the company's market valuation surged to Rs 1,01,007.56 crore on the BSE. The stock has been rallying since Tuesday this week. So far this year, the airline stock has rallied 30.53 per cent on the BSE, against a 5 per cent jump in the benchmark Sensex. An overall optimistic trend in the equity market also helped the rally in the stock. The 30-share BSE Sensex surged 499.39 points or 0.79 per cent to settle at its lifetime closing high of 63,915.42 on Wednesday. During the day, the index jumped 634.4

News24.com | 'No nudity warning is required' says MultiChoice as BCCSA dismisses Shaka iLembe complaint

A complaint about bare-breasted women depicted in Mzansi Magic's new drama Shaka iLembe has been dismissed by the Broadcasting Complaints Commission of South Africa (BCCSA). from News24 Top Stories https://ift.tt/PzB83fI

News24.com | The Porsches and Lamborghini PPE tenderpreneur Hamilton Ndlovu bragged about are going on auction

The cars include a Porsche Panamera GTS Sport, a Porsche Cayenne S Coupe, a Grand Cherokee SRT and a Lamborghini Urus. from News24 Top Stories https://ift.tt/HvLtcOW

Sebi To Strengthen Investor Grievance Handling Mechanism

Markets watchdog Sebi on Wednesday decided to revamp its complaint redressal system as part of efforts to strengthen the investor grievance handling mechanism. At its meeting here, the Sebi board cleared various measures to boost the investor grievance handling mechanism and linking SCORES (Sebi Complaint Redress System) with the Online Dispute Resolution Mechanism. It would also look at reducing timelines, introducing auto-routing of the complaint to concerned regulated entities, and auto-escalation of complaints in case of non-adherence to the prescribed timelines by the regulated entity. Among others, Sebi, in a release after the board meeting, said it would also provide two levels of review. The first review would be by the designated body if the investor is dissatisfied with the resolution provided by the regulated entity concerned. The second review would be done by Sebi if the investor is still dissatisfied after the first review. Linking SCORES with Online Dispute Resoluti

News24.com | Western Cape govt seeks to pass law giving provincial and local authorities more powers

While the national government is unable or unwilling to deliver services to Western Cape citizens, local and provincial authorities are able to correct this, the DA claims. from News24 Top Stories https://ift.tt/icEYAxV

News24.com | Kganyago sees interest rates higher for longer

"What is in no doubt is that policy is going to have to remain tight for a little bit longer than actually the market had been pricing," the Reserve Bank governor. from News24 Top Stories https://ift.tt/SgB5pJR

News24.com | Winter cricket in SA? Proteas could have answer to diluted Test roster

Test cricket in winter? That could be the answer to South Africa's limited red-ball commitments between now and the end of the ICC's FTP in 2027. from News24 Top Stories https://ift.tt/MbwsL1B

News24.com | Robbers make off with 50 rhino horns from North West stockpile facility

More than 50 rhino horns have been stolen from a stockpile in the North West. from News24 Top Stories https://ift.tt/Mevl0WT

News24.com | WATCH | KZN tornado: Disaster teams assess damage to roads electricity and water supply

The KwaZulu-Natal Department of Cooperative Governance and Traditional Affairs is taking stock of the damage to road, electricity and water infrastructure after a tornado hit the province from News24 Top Stories https://ift.tt/v4hJtyV

News24.com | From tennis whites to army fatigues: Wimbledon braces for Ukraine and Russian cold front

In 2013, Ukraine's Sergiy Stakhovsky pulled off one of the greatest Wimbledon shocks when he demolished Roger Federer on Centre Court. This year, he is fighting in the war in Ukraine, 2 500km away. from News24 Top Stories https://ift.tt/KIfwu9c

Investment Firm GQG Partners Others Buy $900 Million Stake In Adani Group

US-based investment firm GQG Partners and other investors have bought stake worth over $900 million in Adani Enterprises Ltd. and Adani Green Energy, according to sources. The investors acquired stake from the Adani family, people familiar with the matter said. Adani Enterprises, the flagship of billionaire Gautam Adani, saw 1.8 crore shares traded in a single block on Wednesday. Adani Green Energy had a total of 11.4 lakh shares change hands in 24 large trades. The block deal for Adani Enterprises was transacted at Rs 2,300. For Adani Green, the trades were priced at Rs 920 rupees. Adani Group stocks were among the top gainers as both Sensex and Nifty achieved an all-time high in early trade today. Earlier this year, GQG Partners had invested $1.9 billion in the Adani Group. The investment firm has increased its stake by over 400 million since then, according to sources.   (Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

News24.com | Rubber stamped: 'No shortage of condoms' and fewer teens getting pregnant says Western Cape govt

Since January this year, 3 997 pregnancies - involving 10- to 19-year-olds - were recorded, says the provincial health department. from News24 Top Stories https://ift.tt/RSPzgkl

News24.com | Sbu Nkosi looking for 'fresh start' after cutting Bulls ties: 'We agreed to move on'

Springbok wing Sbu Nkosi is looking for a "fresh start" after cutting ties with the Bulls by mutual agreement, according to the World Cup-winning Springbok's agent. from News24 Top Stories https://ift.tt/2MXeUfa

News24.com | Bird flu: Super-infectious SA strain emerges in Mpumalanga

SA's top poultry body has confirmed two Mpumalanga farms experienced an outbreak of the highly infectious H7 avian flu strain, which is different from the H5N1 one that wiped out more than a million birds in the Western Cape the past few months. from News24 Top Stories https://ift.tt/S1gedF5

News24.com | EXPLAINER | National Health Insurance: What benefit; for whom where and how?

What will the taxpayer get for their "mandatory prepayment" into the National Health Insurance fund? Neil Kirby and Helen Michael explain. from News24 Top Stories https://ift.tt/lrsbtFA

Merger Of HDFC And HDFC Bank Effective From July 1: Chairman Deepak Parekh

The merger of housing finance major HDFC with the country's largest private lender HDFC Bank will be effective from July 1, HDFC Chairman Deepak Parekh said today. The boards of HDFC and the private bank will meet on June 30 post to clear and approve the merger, Parekh told reporters here. The merger of the corporation with HDFC Bank will be effective July 1, Mr Parekh said. HDFC vice-chairman and CEO Keki Mistry said that the stock delisting of the corporation will be effective from July 13. Termed as the biggest transaction in India's corporate history, HDFC Bank on April 4 last year agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40 billion, creating a financial services titan. The proposed entity will have a combined asset base of around Rs 18 lakh crore. Once the deal is effective, HDFC Bank will be 100 per cent owned by public shareholders, and existing shareholders of HDFC will own 41 per cent of the bank. Every HDFC sharehol

News24.com | Wagner Group to stay put in Africa with Putin's blessing

The Wagner Group, a Russian mercenary army outfit, will continue its operations with 'partners and friends', including in African countries such as Mali and the Central African Republic. from News24 Top Stories https://ift.tt/aj2UtL7

News24.com | Derick Hougaard breathing on his own again: 'He is whispering and communicating'

Former Springbok flyhalf Derick Hougaard is breathing on his own again as he continues his road to recovery. from News24 Top Stories https://ift.tt/sENQ5e2

News24.com | Western Cape braces itself for more rain wind as yest another cold front rolls in

Brace yourselves in the Western Cape. The South African Weather Service has issued two weather warnings as the province prepares for more inclement weather. from News24 Top Stories https://ift.tt/6D0AkMf

News24.com | Naspers eyes end to complex cross-holding structure with Prosus

Global internet group Naspers said on Tuesday it is pressing ahead with its open-ended share buyback scheme, eyeing a removal of its complex cross-holding structure with subsidiary Prosus later in 2023 which will allow this to continue. from News24 Top Stories https://ift.tt/INlbDCA

News24.com | 'Continue taking precautions': Makana reports decrease in E.coli but residents urged to keep boiling water

The Makana Local Municipality in the Eastern Cape says there has been a significant decrease in the levels of E.coli bacteria in its water systems. from News24 Top Stories https://ift.tt/TZI9EGx

News24.com | Russia seeks calm after aborted mutiny West sees cracks in Putin's power

Russia sought to restore calm after an aborted mutiny by Wagner Group mercenaries over the weekend, while Western allies assessed how President Vladimir Putin might reassert authority and what it could mean for the war in Ukraine. from News24 Top Stories https://ift.tt/75ADh8r

News24.com | amaBhungane | Zunaid Moti's war on amaBhungane and journalism

Tuesday marks a significant battle in the ongoing public war being waged against amaBhungane by the Moti Group and Zunaid Moti personally. from News24 Top Stories https://ift.tt/HX2DPOu

News24.com | Fadlu Davids lands new coaching gig joins forces with ex-Orlando Pirates boss at Moroccan giants

Former Maritzburg United mentor Fadlu Davids has embarked on a new chapter in his career by joining Raja Club Athletic as the assistant to head coach Josef Zinnbauer. from News24 Top Stories https://ift.tt/5WBjV0k

Sensex Nifty Climb In Early Trade After Falling In 2 Previous Sessions

Equity benchmark indices gained in early trade on Monday after falling in the previous two trading sessions, amid buying in index heavyweights ITC, ICICI Bank and Infosys. The 30-share BSE Sensex climbed 91.03 points to 63,070.40 points in early trade. The NSE Nifty advanced 39.30 points to 18,704.80 points. From the Sensex pack, ITC, Hindustan Unilever, Tata Motors, IndusInd Bank, Mahindra & Mahindra, HCL Technologies, Titan, Nestle, ICICI Bank and Infosys were the biggest gainers. Tata Consultancy Services, Bharti Airtel, HDFC, Tata Steel, HDFC Bank and NTPC were among the laggards. In Asian markets, Seoul quoted in the green while Tokyo, Shanghai and Hong Kong traded lower. The US markets ended in negative territory on Friday. "Intra-day, the market may witness a choppy ride as the recent interest rate hike by the BoE and the US Fed hinting at two more rate hikes this year coupled with mounting Chinese growth fears point towards a challenging environment for the globa

Two-Thirds Of Rs 2000 Notes Back Within Month Of Withdrawal: RBI Governor

Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system. In a surprise move, but as part of the clean note policy, the Reserve Bank had on May 19 ordered the recall of the Rs 2,000 banknotes worth around R 3.62 lakh crore. On June 8, announcing the second monetary policy review of the fiscal, Das had said around Rs 1.8 lakh crore worth of the Rs 2,000 notes have been returned, accounting for approximately 50 per cent of the notes in circulation as of March 31, of which 85 per cent were in deposits and the rest in exchange. "More than two-thirds or Rs 2.41 lakh crore worth of the Rs 3.62 lakh crore (as of March 31, 2023) of the now-recalled 2000 banknotes have come back to the system as of mid-last week," Governor Das told PTI Bhasha in an interview at the RBI headquarters last week. Of the total money that has come back to the system, as much as 85 per cent are

News24.com | 'Senseless' - 71-year-old Limpopo man arrested for shooting and killing son 26

Limpopo police have arrested a 71-year old man for the brutal alleged murder of his 26-year-old son at Mentz village near Mankweng on Saturday morning. from News24 Top Stories https://ift.tt/3zZK6Rg

News24.com | Human remains found near site where actor Julian Sands went missing

Hikers found human remains in California's Mount San Antonio area, local authorities said, around the same area where British actor Julian Sands went missing five months ago. from News24 Top Stories https://ift.tt/5O6pDsH

News24.com | LIVE BY DESIGN | Death Cafés: Safety cross-pollination and amplification

Live by Design is a weekly News24 column by Dr Helena Dolny and Mapi Mhlangu on mortality and the conversations around it. from News24 Top Stories https://ift.tt/xE5UbdJ

News24.com | Fur crying out loud: Man en route to Vietnam with lion bones in luggage arrested at OR Tambo airport

A 34-year-old man has been arrested after lion bones were found in his luggage at OR Tambo International Airport in Johannesburg. from News24 Top Stories https://ift.tt/MuT56D0

News24.com | Here's what you need to know about a new stokvel to help you go solar

A startup has launched a stokvel platform for you and 11 other people to pay off a solar installation in 12 months. from News24 Top Stories https://ift.tt/ChQHgO0

News24.com | Locals say area where abducted teacher's body was found is used as 'dumping spot by murderers'

Sex workers along the R103, near Heidelberg, have claimed the spot where Bongiwe Skosana's body was found this week was a dumping ground for murderers. from News24 Top Stories https://ift.tt/ZJkOXiH

News24.com | Nienaber says Boks on track for Rugby Championship: 'Things are coming together nicely'

Springbok coach Jacques Nienaber says they are on track with their preparations for the upcoming Rugby Championship. from News24 Top Stories https://ift.tt/VUW5T9K

News24.com | Titan sub disaster: What is a 'catastrophic implosion'?

A 'catastrophic implosion', such as that believed to have destroyed the Titan submersible, would have happened with incredible force and speed given the crushing water pressure on the floor of the ocean. from News24 Top Stories https://ift.tt/Q3Rf1ig

News24.com | James Cameron says Titanic sub warnings 'went unheeded' as he talks eerie similarities

Titanic director and renowned deep-sea explorer James Cameron said many warnings were ignored about the safety of the tourist submersible that imploded near the famous shipwreck, killing five people. from News24 Top Stories https://ift.tt/06iYlav

News24.com | SA golfer Lee-Anne Pace takes lead at Women's PGA Championship

South African veteran Lee-Anne Pace fired four of her five birdies on the back nine at Baltusrol on Thursday to grab a one-shot lead in the Women's PGA Championship. from News24 Top Stories https://ift.tt/ZBb7UyT

News24.com | Australia gives Twitter 28 days to clean up 'toxicity and hate'

Australia's internet safety watchdog on Thursday threatened to fine Twitter for failing to tackle online abuse, saying Elon Musk's takeover had coincided with a spike in "toxicity and hate". from News24 Top Stories https://ift.tt/snlYgf2

News24.com | Disappointing season not all on Jake White says Bulls president

Blue Bulls Rugby Union president Willem Strauss has implored the team's fan base to keep the faith, despite a difficult season. from News24 Top Stories https://ift.tt/UNekWwM

News24.com | 'Conservative' approach to load shedding comes back to bite Mr Price

Mr Price's slower approach to combatting load shedding has come back to haunt it, with the value retailer reporting that only just over a third of its core business was covered by back-up power when power interruptions intensified from the end of September. from News24 Top Stories https://ift.tt/VnKfZdm

Fitch Raises India's GDP Forecast To 6.3% For Current Fiscal Year

Fitch Ratings on Thursday raised its forecast for India's economic growth to 6.3 per cent for current fiscal year 2023-24 from 6 per cent it had predicted previously. This is primarily because of a stronger outturn in the first quarter and near-term momentum. The growth forecast compares with 7.2 per cent GDP expansion in FY23. In the previous fiscal year (FY22), the economy had grown 9.1 per cent. "India's economy has been showing broad-based strength - with GDP up by 6.1 per cent year-on-year in 1Q23 (January-March) and autosales, PMI surveys and credit growth remaining robust in recent months - and we have raised our forecast for the fiscal year ending in March 2024 (FY23-24) by 0.3 percentage points to 6.3 per cent," the rating agency said. Fitch had in March lowered its forecast for 2023-24 to 6 per cent from 6.2 per cent citing headwinds from elevated inflation and interest rates along with subdued global demand. For 2024-25 and 2025-26 fiscal years, it est

News24.com | SA needs a 'particular medicine' for inflation or it risks 'intensive care': SARB's Kganyago

Complaints about surging living costs predated those about higher interest rates and the South African Reserve Bank first and foremost had to protect the local buying power of the rand, Governor Lesetja Kganyago said from News24 Top Stories https://ift.tt/SXuemhp

News24.com | Cheetahs veteran Ruan Pienaar to play beyond 40 as he signs for one more season

Veteran utility back Ruan Pienaar has extended his stay at the Cheetahs by another season. from News24 Top Stories https://ift.tt/nLSU4hJ

Stock Indices Stretch Gains On Firm Overseas Cues

Indian stock indices traded positively on Wednesday morning, tracking firm cues from overseas peers and indications that the US may avoid a recession. Sensex and Nifty were 0.2-0.3 per cent higher at the time of writing this report. "In tune with the International Yoga Day, the market is slowly stretching both ways, without any sharp up or down moves. However, the broad market trend is up," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "Globally markets are bullish even when global growth is sluggish. The reason for this bullish trend is that the US recession, which markets had discounted last year, didn't happen and there are indications that the US might avoid a recession. So, markets are correcting the wrong discounting of last year," Vijayakumar added. Strong fundamentals including a firm GDP outlook, moderate inflation and strong purchases by foreign investors are positive for the markets. The domestic stock indices are n

Sensex Hits Record High Of 63588 In Early Trade

Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 146 points to 63,473.70 in early trade. The NSE Nifty advanced 37 points to 18,853.70. Later, the BSE benchmark jumped 260.61 points to reach its all-time peak of 63,588.31. The benchmark reached the milestone after a gap of nearly seven months. On December 1 last year, the Sensex hit its intra-day record peak of 63,583.07. From the Sensex pack, Power Grid, UltraTech Cement, HDFC Bank, Wipro, HDFC, Hindustan Unilever, Larsen & Toubro, Tech Mahindra, Bajaj Finserv, Titan, Tata Consultancy Services, and Reliance Industries were the major gainers. Tata Steel, NTPC, Tata Motors, ICICI Bank, and Asian Paints were among the laggards. In Asian markets, Tokyo quoted in the green, while Seoul, Shanghai, and Hong Kong were trading lower. The US markets ended lower on Tuesday.

News24.com | Proteas Women to host New Zealand in ODI and T20 series

Cricket South Africa has announced that New Zealand will tour these shores later this year for limited overs series against the Proteas Women. from News24 Top Stories https://ift.tt/6xRDpyl

News24.com | Two arrested over attempted bribe for R27m security contract at Mossel Bay municipality

Two people are expected to appear in a Western Cape court in connection with a R27-million corruption investigation. from News24 Top Stories https://ift.tt/xUdcAeJ

News24.com | First SABC CEO to complete full term in 15 years steps down

SABC group CEO Madoda Mxakwe is leaving his position at the end of June, making him the first person to complete a full five-year contract at the helm of the troubled broadcaster in 15 years. from News24 Top Stories https://ift.tt/6Ji2eyq

News24.com | Pieter du Toit | The new Soviet Empire: Ramaphosas failure to see Putin as colonialist fells mission

Vladimir Putin suffers from ghost pains related to the collapse of the Soviet Union. His war on Ukraine is an attempt to recreate an empire. And South Africa’s failure to recognise that, has felled the country’s peace mission, writes Pieter du Toit. from News24 Top Stories https://ift.tt/QCGWIYP

News24.com | Afrimat surges 12% after inking R1bn deal for Lafarge South Africa

Mining and building materials group Afrimat has inked a roughly R1 billion deal to acquire the SA unit of the world's largest building materials group Holcim. from News24 Top Stories https://ift.tt/e0ERxSX

News24.com | Standard Bank's impairments have surged almost 50% and it expects another rate hike in 2023

Standard Bank's impairment charges have grown by almost 50% as some customers struggle to meet their debt obligations in full. from News24 Top Stories https://ift.tt/vbOIx6D

News24.com | Bafana legend Bartlett inks fresh deal with newly PSL promoted Cape Town Spurs

Bafana Bafana legendary striker Shaun Bartlett has put pen-to-paper on a fresh two-year deal with Cape Town Spurs to remain as head coach until 2025. from News24 Top Stories https://ift.tt/GxIVCbY

News24.com | WATCH | City Power implements 'emergency shutdown' at Roodepoort substation following blaze

City Power has implemented an "emergency shutdown" at the Ontdekkers substation following a fire on Sunday night. from News24 Top Stories https://ift.tt/C8ZhYQy

Report Explains How Rs 2000 Withdrawal Will Supercharge India's Economy

The State Bank of India (SBI) has released a report explaining how the recent withdrawal of Rs 2,000 notes could boost bank deposits, repayment of loans, and even the GDP of the country. The report said the withdrawal was a precision strike and suggested that UPI could be the new Rs 2,000 note.  According to SBI, the share of Rs 2,000 notes in value terms was at 10.8% as on March 2023. Around 1.8 lakh crore of Rs 2,000 notes were returned to the system where 85% or Rs 1.5 lakh crore were received as deposits and the rest were exchanged for smaller denominations. “Even as Rs 1.5 lakh crore of Rs 2000-rupee notes has been deposited at the banks …This implies that the amount spent/exchanged by people over the counter is ~ Rs 60,000 crore (Rs 1.5 lakh crores net of Rs 90,000 crore decline in currency in circulation ~Rs 60,000 crores) …this could also result in a bank deposit boost, repayment of loans boost, consumption boost, RBI retail CBDC boost and a possible GDP boost…,” the report s

News24.com | Former Bok flyhalf Derick Hougaard remains in critical condition

Derick Hougaard's condition remains critical as the former Springbok flyhalf fights for his life in a Pretoria hospital. from News24 Top Stories https://ift.tt/Pg6Bv1m

News24.com | Busisiwe Mavuso | The NHI charade will collapse - but not before much pain

Ultimately, new members of Cabinet must be judged not on their titles, but on their delivery and how this improves the lives of all South Africans, writes Busisiwe Mavuso. from News24 Top Stories https://ift.tt/eIdNCyD

Sovereign Gold Bond 2023-24: Subscription Opens Today - Check Details

The first tranche of Sovereign Gold Bond Scheme (SGB) 2023-24 will open for subscription today. The bond scheme, backed by the central government, has set the issue price at Rs 5,926 per gram of gold. The SGBs will be available for subscription till Friday, June 23, with a settlement date of June 29, as per the Finance Ministry.  Investors, who book their subscription online using digital payment mode, will get an additional Rs 50 discount. The gold bonds issued by the Reserve Bank of India, will be paid at a fixed rate of 2.5 per cent a year, payable twice a year on the nominal value. The final interest is payable along with the principal at the time of maturity. The second tranche of this year's sovereign gold bonds will be available from September 11 to 15. SGBs are issued by the RBI on behalf of the Central Government as an alternative to buying physical gold. The scheme was first introduced by the government in November 2015 under the Gold Monetisation Scheme. The gold bon

News24.com | Police death toll for June climbs to 10 after Eastern Cape officer allegedly shoots himself

Eastern Cape police are investigating two inquests after a Mthatha Flying Squad officer allegedly shot himself dead over the weekend moments after his cousin was found dead. from News24 Top Stories https://ift.tt/ut1PZ7U

News24.com | 'A disgrace for the black nation' - KZN MEC concerned at 26 515 teen pregnancies in eight months

KwaZulu-Natal Health MEC Nomagugu Simelane has urged parents to get more involved in their children's lives after the province recorded 26 515 adolescent pregnancies of young girls aged 10 to 19 between April and December last year. from News24 Top Stories https://ift.tt/2arCPdb

News24.com | Major drive to reduce 350 000 driving licence card backlog as machine is finally operational again

The Department of Transport has announced that the country's only driving licence card machine is back up and running after breaking down last month. from News24 Top Stories https://ift.tt/71zqVbJ

News24.com | Tech a bow: Not even load shedding could dim shine of SA companies who impressed at Europe's VivaTech

From overcoming crippling stages of load shedding back home to potentially landing contracts with multinational brands, SA tech companies flew the country's flag high at Europe's biggest tech show. from News24 Top Stories https://ift.tt/E8wRGdB

News24.com | Imagined Earth: The recycling company allowing South Africans to convert recyclables into shares

A recycling company is using technology to enable South Africans to convert recyclable materials into credit that can be used to buy shares and more from News24 Top Stories https://ift.tt/TCiHMop

News24.com | OPINION | NHI Bill: Big questions ahead for healthcare in SA

A great deal still remains unknown about the proposed National Health Insurance Scheme. What is clear is that the impact will be profound, as medical schemes are fundamentally sidelined, writes Neil Kirby. from News24 Top Stories https://ift.tt/LVt0gqJ

News24.com | Cops at war : I will return to work says Vuma after arbitration ruling in her favour

Suspended deputy police commissioner Francinah Vuma adamant to return to job after arbitration ruling vindicates her. from News24 Top Stories https://ift.tt/URQAEf5

News24.com | Cricket World Cup qualifier: Six talking points

Two-time champions West Indies and 1996 winners Sri Lanka are among 10 teams competing for the final two spots at this year's Cricket World Cup in India. from News24 Top Stories https://ift.tt/OWU0uxN

News24.com | Limpopo govt approves 587 initiation schools as MEC admits province still 'plagued' by illegal ones

The Limpopo government has approved 587 initiation schools for the 2023 winter season which started on 16 June. from News24 Top Stories https://ift.tt/bVUfgzx

News24.com | SA boat building is booming again - but a storm looms

SA ranks second in the world for building catamarans. from News24 Top Stories https://ift.tt/QEIn5Ob

News24.com | PICS | Pride and joy: Lions make roaring return to Babanango Game Reserve

Lions are once again roaring in the heart of the Zulu nation in Babanango, KwaZulu-Natal, where two males have been reintroduced to the area after about 150 years. from News24 Top Stories https://ift.tt/QWGpD3s

News24.com | Ben Stokes' bold declaration on Day 1 of first Ashes Test 'no surprise' to Bairstow

England captain Ben Stokes' bold declaration on the opening day of the first Ashes Test may have shocked cricket traditionalists, but it was "no surprise" to teammate Jonny Bairstow. from News24 Top Stories https://ift.tt/vDKaUt4

Sensex Nifty Hit All-Time Highs. Here's What Led To It

Equity benchmark indices Sensex and Nifty closed at fresh lifetime highs today following gains in banking, financial and capital goods stocks amid a firm trend in the global market. A strengthening rupee and foreign capital inflows further bolstered sentiment, traders said. The 30-share BSE index zoomed 466.95 points or 0.74 per cent to settle at a record closing high of 63,384.58. During the day, it rallied 602.73 points or 0.95 per cent to 63,520.36. The NSE Nifty climbed 137.90 points or 0.74 per cent to end at its lifetime peak of 18,826. Buying in index major Reliance Industries and HDFC twins also helped the markets to rebound. Bajaj Finserv was the biggest gainer in the Sensex pack, rising 2.21 per cent, followed by Titan, ITC, Kotak Mahindra Bank, HDFC Bank, HDFC, Bajaj Finance, IndusInd Bank, ICICI Bank, HUL, Reliance Industries and Mahindra & Mahindra. Wipro, Tata Consultancy Services, Power Grid and Tech Mahindra were the laggards. In Asian markets, Seoul, Tokyo,

News24.com | Meet Nomhle Ngwenya the youngest science PhD graduate from Wits

In 2022, Nomhle Ngwenya became the youngest PhD graduate at the University of the Witwatersrand's science faculty. from News24 Top Stories https://ift.tt/fosOFD3

50th GST Council Meet On July 11 Online Gaming Curbing Evasion On Agenda

The GST Council on July 11 will discuss some more measures to tighten the noose on fake registration and fraudulent generation of input tax credit (ITC) as it looks to check tax evasion, a top official said on Friday. "We are thinking of some other measures and we will take them through the due process of the law committee and GST council," Central Board of Indirect Taxes and Customs Chairman Vivek Johri told reporters. The 50th meeting of the GST Council is scheduled on July 11. The Council will also discuss the GoM report on online gaming, casinos and horse racing and will circulate it to the states soon. The GoM submitted its report to the Council in December last year, but the Council has not taken it up for discussion. Further, the Council will also decide on a convenor for the Group of Ministers (GoM) on rate rationalisation. Former Karnataka Chief Minister Basavaraj Bommai was the convenor of the panel and now with the change of Government in Karnataka, the Counci

News24.com | WATCH | KZN farmers demand action over derelict sewage infrastructure and contaminated water

Farmers say key sewage infrastructure is not being repaired or attended to by Ugu District Municipality. from News24 Top Stories https://ift.tt/cMsxPKJ

News24.com | 'My youth is gone': Mdlalose Tavern survivor left permanently disabled recalls fateful day

“My youth is gone. I can't do the things I used to do anymore. I rely on someone to survive.” from News24 Top Stories https://ift.tt/kX86Mtw

News24.com | WATCH | Fast and furious: Cops arrest three robbery suspects after high-speed chase on Joburg highway

Garsfontein police chased down and arrested three robbery suspects on the N3 highway, near the Marlboro off-ramp, in Johannesburg on Wednesday. from News24 Top Stories https://ift.tt/1fn4NIG

Adani Green Ranked 1st In Asia Among Top 10 In World For ESG Performance

Adani Green Energy Limited (AGEL), India's largest renewable energy producer, has been ranked first in Asia and among the top 10 companies globally in the renewable energy sector by ISS ESG. AGEL is a subsidiary of the diversified Adani Group. ISS ESG is a leading global provider of environmental, social, and governance (ESG) research and ratings. ISS ESG's rankings are based on a comprehensive assessment of a company's ESG performance, including its environmental impact, social responsibility, and corporate governance. AGEL has been placed in the 'Prime' (B+) band, recognising its robust ESG disclosure practices and high level of transparency. This achievement brings AGEL one step closer to its goal of being ranked among the top 10 ESG companies in the world in the electric utility sector by FY25. In FY23, AGEL was already ranked among the top 10 companies in the world in the Renewable Energy sector by Sustainalytics. AGEL is India's largest renewable energ

News24.com | PICS | 'I know animals need me': Hijacked SPCA inspector fights for survival lives to tell the tale

Even though he was hijacked at gunpoint and handcuffed in the back of a bakkie, all that Cape of Good Hope SPCA cadet inspector Nkosi Sindiwe could think about were the animals that need to be rescued in the future. from News24 Top Stories https://ift.tt/TKC87bG

News24.com | PICS | 'Stay at home if possible': No sign of relief as rains strong winds continue in Western Cape

Although mop-up operations are under way after a storm battered the Western Cape on Wednesday, there is no sign of relief on Thursday as the downpours and gusts of wind continue to sow destruction. from News24 Top Stories https://ift.tt/GMhkWPc

News24.com | Manhunt launched after two 'dangerous' prisoners escape from North West police cells

North West police have launched a manhunt for two awaiting trial prisoners who escaped from custody at the Stilfontein police holding cells this week. from News24 Top Stories https://ift.tt/ugPModJ

News24.com | Trucks looted rubber bullets fired during volatile service delivery protest in Diepkloof

Trucks have been looted and several roads have been blocked due to a service delivery protest in Diepkloof, Soweto. from News24 Top Stories https://ift.tt/BbK63Hv

Wholesale Price Inflation Declines To 3-Year Low Of Minus 3.48% In May

Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation rate has been in the negative territory for the second straight month. In April it was (-) 0.92 per cent. In May, 2022 WPI inflation was at 16.63 per cent. The May, 2023 data print of (-) 3.48 per cent is the lowest WPI print recorded since May 2020, when wholesale inflation was at (-) 3.37 per cent. Inflation in food articles eased to 1.51 per cent in May, against 3.54 per cent in April. "Decline in the rate of inflation in May, 2023 is primarily contributed by fall in prices of mineral oils, basic metals, food products, textiles, non-food articles, crude petroleum & natural gas, and chemical & chemical products," the commerce and industry ministry said today. Fuel and power basket inflation eased to (-) 9.17 per cent in May, from 0.93 per cent in April. In manufactured p

News24.com | Disney announces price increase for SA subscribers from July

Disney has announced a price hike of 16.8% for its video streaming service in South Africa. from News24 Top Stories https://ift.tt/cYT5F27

News24.com | OPINION | How Africa could become a climate saviour, not a victim

Africa can help accelerate global decarbonisation by hosting more of the world's energy-intensive industrial processes and powering them with renewable energy, writes Lara Williams. from News24 Top Stories https://ift.tt/d0bAlXq

Factory Output Rises 4.2% In April As Manufacturing, Mining Sectors Shine

India's industrial production growth rose to 4.2 per cent in April from 1.7 per cent in March 2023, mainly due to good performance by the manufacturing and mining sectors, according to official data released on Monday. The factory output growth measured in terms of the Index of Industrial Production (IIP) stood at 6.7 per cent in April 2022. As per the IIP data released by the National Statistical Office (NSO), the manufacturing sector's output grew 4.9 per cent in April 2023 against a 5.6 per cent expansion a year ago. Power generation declined 1.1 per cent in April 2023 compared to a growth of 11.8 per cent. Mining output, however, rose by 5.1 per cent during the month under review against a growth of 8.4 in the year-ago period. As per use-based classification, the capital goods segment recorded a 6.2 per cent growth in April compared to a 12 per cent expansion a year ago. Consumer durables output during the month declined by 3.5 per cent against a 7.2 per cent growth a

News24.com | Gunman allegedly shoots off-duty Northern Cape cop dead amid fight with tenant

The Hawks in the Northern Cape are investigating the murder of a police officer who was shot dead while off duty, allegedly by a man who was involved in an altercation with the officer's tenant. from News24 Top Stories https://ift.tt/9JQNM0W

News24.com | Telkom suffers R10bn loss amid impairments, warns it won't pay dividends next year either

SA's third-biggest mobile operator Telkom warned it wouldn't pay dividends for a fourth year, believing it prudent to first strengthen its balance sheet after suffering an annual loss of about two-thirds of its market value. from News24 Top Stories https://ift.tt/hZD68M7

News24.com | WATCH | Sotheby's sells Mozambican ruby for record R650m

A ruby was sold at Sotheby's in New York on Thursday for $34.8 million (R646 million), setting a new record price at auction for the precious stone. It was cut from a 101 carat rough stone discovered in July last year at the Montepeuz ruby mine in Mozambique. from News24 Top Stories https://ift.tt/Cr195ab

News24.com | Johnny Sexton hit with misconduct letter after F-bomb tirade at SA ref Peyper - report

Johnny Sexton is reportedly in hot water after admonishing South African referee Jaco Peyper and his assistants after last month's Champions Cup final. from News24 Top Stories https://ift.tt/6xWSjwY

News24.com | Dogs die as SA's snake antivenom shortage bites

Zarza, a much-loved Staffordshire terrier, ended up at an animal hospital with a bite from a Mozambique spitting cobra on her snout. from News24 Top Stories https://ift.tt/SBkHrTq

News24.com | Jean Kleyn: The Springboks' surprise '41st member' addition

The Springboks sprang a surprise "41st member" selection in their Rugby Championship training squad over the weekend. from News24 Top Stories https://ift.tt/q4pdavT

News24.com | Black Girls Rising: Mentoring project behind new wave of young climate advocates in SA

Black Girls Rising is a programme in South Africa that provides mentorship for girls aged between 12 and 18, enabling them to lead climate change efforts in their communities. from News24 Top Stories https://ift.tt/zACf9eQ

News24.com | SA's Montjane, Ramphadi make history, secure French Open double titles

South Africa's Kgothatso Montjane and Donald Ramphadi secured Roland Garros titles in their respective events. from News24 Top Stories https://ift.tt/3wVTB12

News24.com | Stormers zone in on London Irish backline star - report

The Stormers are reportedly eager to sign to promising English utility back Ben Loader. from News24 Top Stories https://ift.tt/kfg31EV

News24.com | Damaging coastal winds and waves expected in parts of Western Cape, weather service warns

The South African Weather Services has issued a yellow level 2 warning for damaging waves and wind over some parts of the Western Cape. from News24 Top Stories https://ift.tt/qeVZvQ4

News24.com | OPINION | Why SARS is misrepresenting misrepresentation

SARS has a misunderstanding on many levels of what misrepresentation involves, writes Ernest Mazansky. from News24 Top Stories https://ift.tt/YGNUACI

News24.com | More than 1 900 cats, dogs, livestock impounded by City of Cape Town's animal control unit

The City of Cape Town’s animal control unit has impounded 1 926 animals, including dogs, cats and livestock, from July last year to March this year. In 2021 for the same period, only 554 were impounded. from News24 Top Stories https://ift.tt/EhM8brD

News24.com | Chaos as gunshots ring inside Harry Gwala Stadium after unhappy soccer fans storm pitch

Chaotic scenes unfolded at the Harry Gwala Stadium on Friday when gunshots rang out at the conclusion of the second ABC Motsepe Championship semi-final between Orbit College and Msinga United. from News24 Top Stories https://ift.tt/nw8bANZ

News24.com | Seven police officers dead in one week

Another police officer was killed on Friday in the line of duty, taking to seven the number of officers who died this week. from News24 Top Stories https://ift.tt/TUDZ91r

News24.com | Mumbai to Maritzburg: How India is leading international charge at Comrades 2023

Of roughly 18 000 runners who line up for the start of the 2023 Comrades Marathon in Pietermaritzburg on Sunday, the largest contingent of international participants will come from India. from News24 Top Stories https://ift.tt/yRVHFqd

News24.com | China says it supports SA in hosting BRICS events, but doesn't mention controversial summit

While the Chinese statement said the nation was willing to boost bilateral ties with SA and jointly promote the interests of developing nations, it made no reference to the possibility of the BRIC summit being moved. from News24 Top Stories https://ift.tt/MWljygB

News24.com | Man jailed for life for murdering his partner in the presence of 4-year-old child

A 25-year-old man has been sentenced to life imprisonment for murdering his partner, a North West teacher, in the presence of her 4-year-old child. from News24 Top Stories https://ift.tt/mW3d47F

News24.com | No drama this year as 116 Russians line up for 2023 Comrades Marathon

A total of 116 Russian athletes will line up at the start of the 2023 Comrades Marathon on Sunday. from News24 Top Stories https://ift.tt/HeWpa24

News24.com | Hands off our oceans: Eco lobby hits out 'onslaught' by foreign companies on SA waters

For small-scale fishers and coastal communities, every day is World Ocean Day, says eco-justice group The Green Connection. from News24 Top Stories https://ift.tt/g0BGZDz

News24.com | Miss South Africa 2023: Meet the top 12 finalists vying for the crown

This year's top 12 Miss South Africa 2023 finalists are an impressive group and include a lawyer, a sports scientist, and a pharmacist. from News24 Top Stories https://ift.tt/pXIBv1N

News24.com | Judge bars publishing of Mafe's psychiatric assessment details – for now

Parliament arson-accused Zandile Mafe's psychiatric assessment results have been sealed from the media and public to afford him time to discuss them with his lawyers. from News24 Top Stories https://ift.tt/h0yrYlT

News24.com | 'The damage is extensive': Major power outage at Orlando switching station following fire

City Power says it's working around the clock to restore power at the Orlando switching station following extensive damage caused by a fire on the local feeder board. from News24 Top Stories https://ift.tt/aei8AXj

News24.com | Former Proteas star Daryll Cullinan opens up on cancer ordeal

Former Proteas batsman Daryll Cullinan has opened up about his recent battle with cancer. from News24 Top Stories https://ift.tt/5Lz1m2f

News24.com | Kidnapped Soweto baby girl back with family after cops trace her within hours of ransom demands

A four-month-old girl was rescued and reunited with her family within hours of being kidnapped outside her home in Dobsonville, Soweto. from News24 Top Stories https://ift.tt/byvc6YE

News24.com | Business confidence plummets to 3-year low as Russian saga, load shedding add more gloom

The gloomy sentiment of SA business leaders is falling even further, hitting a three-year low in the second quarter as unrelenting load shedding, rising interest rates, the weak rand and the country's geopolitical quagmires weighed on confidence. from News24 Top Stories https://ift.tt/NkICdPx

News24.com | Kidnapped Cape Town woman reunited with her family after 5 men arrested

A 31-year-old Cape Town woman was reunited with her family on Tuesday night after being kidnapped in Parow Industria on Friday. from News24 Top Stories https://ift.tt/vlbZrEj

News24.com | Power bank: Discovery launches new solar and energy finance plan for clients

Discovery Bank says it will offer solar and energy solutions to its customers, including flexible funding through a partnership with power solutions company Rubicon. from News24 Top Stories https://ift.tt/sl5HqRg

News24.com | All seven men accused of murdering Coka brothers on Mpumalanga farm acquitted

Seven men who were charged with the murder of the Coka brothers on a Mpumalanga farm have been acquitted. from News24 Top Stories https://ift.tt/mcyCtEN

News24.com | SA A crushed by Sri Lanka in 2nd ODI despite Stubbs, Coetzee recovery job

The South Africa A side was well beaten by Sri Lanka A in the the second unofficial ODI in Pallekele on Tuesday. from News24 Top Stories https://ift.tt/qLAVSTB

News24.com | Sipho Masondo | ANC's rogue, reckless political adventurism offers nothing but misery

As the country continues its downward spiral, South African voters have no choice but to sever ties with ANC. But it isn't always that easy, writes Sipho Masondo. from News24 Top Stories https://ift.tt/Gna2CzU

Honda Looks To Revive Fortune In India, Will Launch 5 New SUVs By 2030

Japanese auto major Honda plans to launch five new SUVs, including a fully electric model, in India by 2030 as it tries to revive its fortune in the country, according to a senior company official. The company on Tuesday unveiled its global mid-sized SUV Elevate in India which will take on the likes of Hyundai Creta, Kia Seltos and Maruti Suzuki's Grand Vitara. A fully-electric version of the Elevate will be launched within three years. The automaker plans to launch Elevate over the next months coinciding with the festive season. "Including the Elevate, we are planning to launch five SUVs by 2030. So that's our pipeline now," Honda Cars India President & CEO Takuya Tsumura told PTI in an interview here. With the Elevate, Honda is looking to strengthen its presence in the Indian passenger vehicles market, where it is represented by sedans City and Amaze at present, and enter the fast growing SUV segment. He said, currently the sedans account for almost 10 per