5 important things happening in South Africa today

 ·4 Apr 2024

Here’s what is happening in and affecting South Africa today:

  • Former speaker expected to hand herself over: News24 has reported that former speaker of the National Assembly Nosiviwe Mapisa-Nqakula, who resigned late on Wednesday, has arrived at the Lyttelton Police Station in Centurion to hand herself over to officials from the Investigating Directorate for charges of alleged corruption. [News24]

  • Another Ekurhuleni mayoral election: The City of Ekurhuleni is expected to hold a council meeting today for the election of its fourth executive mayor in less than four years. The most recent mayor, Sivuyile Ngodwana from the AIC, was sacked through a motion of no-confidence on 28 March 2024. [Daily Maverick]

  • Warning over financial service provider scammers: The Financial Sector Conduct Authority has sent out a warning to consumers that individuals or entities are fraudulently soliciting investments by impersonating authorised financial services providers or claiming that they are associated with them.[The Citizen]

  • SCA dismisses RAF appeal: The Supreme Court of Appeal (SCA) has dismissed the Road Accident Fund’s (RAF) appeal to increase claim documentation requirements, which ultimately aims reduce eligible claimants. This decision counters the RAF’s attempts to bar undocumented foreigners and medical scheme members from claiming from the fund. [Business Day]

  • Markets: The rand recovered against the U.S dollar on Wednesday, as focus shifted towards a speech by U.S. Federal Reserve Chair for clues on the timing of potential interest rate cuts. On Thursday (4 April), the rand was trading at R18.68 to the dollar, R23.64 to the pound, and R20.24 to the euro. Oil is trading at $89.66 a barrel. [Reuters]
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