While you were asleep

While you were asleep: From appointing a new police commissioner to a temporary fuel price decrease

Lieutenant-General Sehlahle Fannie Masemola is the new national police commissioner after President Cyril Ramaphosa moved swiftly to replace the outgoing Khehla Sitole, whose last day as the top cop was yesterday. Commenting on the appointment of Masemola, the president said the new police chief would have the weight of the nation’s expectations on his shoulders …

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While you were asleep: Zelensky pleads for help amid Russian “nuclear terror”

Ukrainian President Volodymyr Zelensky has accused Russia of “nuclear terror” and said Russia wanted to cause another Chernobyl level disaster after Russian forces attacked a nuclear plant in Ukraine. Zelensky begged Western leaders not to let Europe suffer a nuclear disaster and said “no country other than Russia has ever fired on nuclear power units” …

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While you were asleep: Russia gains momentum in Ukraine while SA abstains from UN resolution vote

Turning our attention to Russia this morning, reports indicate that the Southern Ukrainian city of Kherson has fallen to Russian forces in what is now the most significant gain for the Russians as they continue with their invasion of a sovereign neighbouring country. Kharkiv, Ukraine’s second-largest city remains under heavy Russian bombardment while the capital …

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While you were asleep: Bosasa corruption outlined in Part 3 of Zondo report

We now have all the pieces of the State Capture puzzle with the release of the third report compiled from the evidence given at the Zondo Commission. Part three focuses entirely on the corrupt dealings of Bosasa and some of the central figures that benefited from the company’s bribes. The report found that Bosasa was …

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While you were asleep: Ramaphosa moves to appoint Hermione Cronje’s successor at NPA, fuel price hike tomorrow

Outgoing National Prosecuting Authority (NPA) Investigating Directorate (ID) boss Hermione Cronje served her last day in the job on Monday. Today, there’s already a new person helming the desk. It was an uncharacteristically decisive bit of action from Cyril Ramaphosa last night with Advocate Andrea Johnson appointed to the position by the president. Johnson comes …

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UPDATE: The war has begun… oil breaks above $100, gold heads for $2,000 and rand races to R15.35

The rand raced to R15.35 to the US dollar as Russia’s attack on Ukraine roiled markets. Russia has started its “war of aggression” in the early hours of this morning with a “full-scale invasion of Ukraine”, with pleas from Ukraine’s foreign ministry for the world to “act now” to stop Russian President Vladimir Putin. But …

UPDATE: The war has begun… oil breaks above $100, gold heads for $2,000 and rand races to R15.35 Read More »

While you were asleep: All eyes on Godongwana but Russia stays in focus as markets shrug off Biden’s first salvo of sanctions

All eyes will be on Finance Minister Enoch Godongwana this afternoon when he delivers his maiden Budget Speech against the backdrop of record-high unemployment, an unprecedented high debt-to-GDP ratio, muted investments, and an already ailing economy that has been further constrained by the ongoing Covid-19 pandemic and the unrest in July last year.  His task in explaining how ever-increasing debt repayment …

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While you were asleep: 22/2/22 lightens the mood as world (and markets) readies for war

To lighten the mood on this heavy Tuesday, here’s an (in)significant titbit. Today the world hits an “unprecedented milestone” that carries absolutely no historical significance or any cosmic message. Yet it does speak volumes about our brains and cultures, writes The Conversation as it unpacks the meaning of Twosday, so dubbed because of the date 22/2/22. On …

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While you were asleep: From a bank for drug lords, dictators and criminals to Ukraine jitters and a resilient rand

Credit Suisse is in the news again. For all the wrong reasons. From an internal spying scandal and the resignation of its chairman over flouting coronavirus rules to being a bank for dictators, drug lords and criminals. A massive data leak reported on by dozens of media outlets across five continents much like the Panama Papers-style investigations into the data, exposes the details …

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While you were asleep: Elon Musk’s Twitter account lands him in trouble, again

Seeing that it’s Friday, here’s some news for discussion over the weekend with family and friends. When does Elon Musk not get in trouble for using his Twitter account to espouse his worldview? This time, the South African-born tech billionaire is in hot water for comparing Canadian Prime Minister Justin Trudeau to Adolf Hitler. Where …

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