Here’s what is happening in and affecting South Africa today:
- An estimated R195 million ($15 million) in cash has been stolen in a heist at OR Tambo International Airport in what many suspect to be an inside job. According to reports, the heist occurred when a van marked as a police vehicle stopped GuardForce personnel as they were transporting the money to an awaiting flight bound for London on Tuesday night. The robbers reportedly went for specific boxes, knowing what they were looking for. The exact amount stolen is unconfirmed.
- Eskom says it will have to shut down four power stations to accommodate Independent Power Producers (IPPs). The power utility made the decisions to close the stations last year, with the plans to announce publicly after stakeholders had been informed. The stations that will close are The stations are the 3000MW Kriel, 1000 MW Komati, 2000 MW Hendrina and the 1600 MW Camden power station, all in Mpumalanga.
- South Africa has formally notified the United Nations that it has revoked its withdrawal from the International Criminal Court after the High Court blocked the government’s bid to pull out of the Hague-based war crimes tribunal. In February, the High Court ruled that the order to leave the ICC was unconstitutional and invalid, as it had not been approved by Parliament.
- Parliament has adopted the an ad hoc committee report into the SABC, which calls for minister of communications, Faith Muthambi, to be sacked. All MPs, except those from the United Democratic Movement, have accepted the final report.
- South African stocks edged lower on Tuesday, led by gold mining shares as the price of the metal slipped to its weakest level in four weeks, while the rand gained, shrugging off a fourth quarter contraction in gross domestic product. On Wednesday, the rand was trading at R12.96 to the dollar, R15.81 to the pound and R13.69 to the euro.