Trouble for R1.3 billion Springbok deal, and spaza shops raided
·15 Oct 2024
Here’s what is happening in and affecting South Africa today:
- Failure looms for R1.3 billion rugby deal: The R1.3 billion Springbok equity deal is on the verge of collapsing after major unions opposed it. The top South African rugby franchises have essentially thwarted a deal in which SA Rugby would have sold a stake in its commercial arm to the Seattle-based Ackerley Sports Group. [News 24]
- Soweto spaza shops raided: Health inspections are set to take place at spaza shops in Soweto this week following the deaths of six children in a suspected food poisoning case. The children reportedly ate snacks purchased from a local business in Naledi last week. The National Consumer Commission (NCC) began its investigation in the area on Monday. [EWN]
- ANC celebrates 100 days of GNU: ANC President Cyril Ramaphosa addressed a programme on the first 100 days of the Government of National Unity (GNU) on Monday. ANC leaders gathered at Luthuli House, Johannesburg, to reflect on the progress of the coalition government, which the ANC was forced to form after a poor performance in the May elections, marking the first time since 1994 that the party had to enter a coalition. [eNCA]
- 200,000 pupils placed in schools: Around 200,000 grade one and eight learners have been placed in Gauteng schools for the 2025 academic year out of over 300,000 applicants. Education MEC Matome Chiloane provided an update on the placement status at Edenvale High School, east of Johannesburg, on Monday and urged parents to apply to schools closer to home rather than targeting popular schools. [SABC]
- Markets: The South African rand fell on Monday, and with little major domestic data expected this week, the local currency will likely be influenced by global events, analysts said. On Tuesday (15 October), the rand was trading at R17.63 to the dollar, R23.00 to the pound, and R19.20 to the euro. Oil is trading at $74.81 a barrel. [Reuters]
Loading ...