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6 days ago |
dailymaverick.co.za | Lisakanya Venna
An act of sabotage that blew up a vital sewerage transformer — and left the perpetrator injured — has landed a 23-year-old man from Taung behind bars for 12 years. On Thursday, 29 May, the Taung Regional Court sentenced 23-year-old Karabo Mocumi of Dithakwaneng Village to 12 years’ direct imprisonment after he pleaded guilty to damaging essential infrastructure.
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1 week ago |
dailymaverick.co.za | Lisakanya Venna
FINANCIAL LITERACY Mpumelelo Secondary School’s The Brave Ones (from left), Mfundo Mahlangu Grade 9, Mthombeni Nokubonga Naomi Grade 11, Samukelo Sikhosana Grade 9, Thapelo Ntswane grade 10. (Photo: Supplied) Every year, the Johannesburg Stock Exchange Investment Challenge puts South Africa’s sharpest young minds to the test – and every year, a crop of winners rises to the top. The April 2025 results are in and the future of finance is looking bright and, in most cases, still in school...
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2 weeks ago |
dailymaverick.co.za | Lisakanya Venna
In a move that’s part lifeline, part last rites, the Public Investment Corporation has thrown its weight behind Daybreak Foods’ move into business rescue, announcing a freshly reconstituted board and a renewed — if slightly desperate — commitment to saving South Africa’s embattled poultry giant. But workers remain unconvinced.
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2 weeks ago |
dailymaverick.co.za | Lisakanya Venna
As Finance Minister Enoch Godongwana unveiled the May 2025 Budget, many South Africans were holding their breath — and their hopes — hoping the government would ease the pinch of rising costs and stagnant incomes. But how did the Budget stack up against the voices we heard just hours before the big reveal? Daily Maverick took a stroll through Cape Town’s streets and marketplaces to see what was being said, and hold that against what was delivered.
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2 weeks ago |
dailymaverick.co.za | Lisakanya Venna
COMMUNITY DEAL A Tiger Brands outlet.
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3 weeks ago |
dailymaverick.co.za | Lisakanya Venna
FRAUD SPIKE Southern African Fraud Prevention Service battles rising scams head-on, saving members more than R5-billion while fraudsters keep evolving. (Photo: Chris Ratcliffe / Bloomberg) On Thursday, 15 May 2025, the Southern African Fraud Prevention Service (SAFPS) kicked off its annual summit with a bang — or rather, a barrage of numbers that would make any fraudster’s palms sweat. Held both in person at Nedbank’s Rivonia Campus in Johannesburg and online, the summit unveiled the 2024...
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3 weeks ago |
dailymaverick.co.za | Lisakanya Venna
SEMIGRATION REVERSE Illustrative image: Daily Maverick People are realising that the grass isn’t always greener in Cape Town. Rising costs and infrastructure woes are driving many back to Johannesburg, where cheaper housing and stronger job prospects are reversing the semigration trend. The Wise Move 2025 Migration Report shows that 70% of South Africans prefer to move within their own provinces, with Gauteng leading internal relocations. Nearly half (48%) of interprovincial moves occur...
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3 weeks ago |
dailymaverick.co.za | Lisakanya Venna |Don Pinnock
As the Daybreak Foods crisis unfolds, new allegations have surfaced over the role of senior compliance officers in the company’s collapse. An anonymous whistle-blower has raised concerns previously absent from public reports – the actions and decisions of company veterinarian Dr Chrissie Makwiti and safety, health, environment and quality head Lettie Rangaka. Their actions may have directly contributed to the disaster now gripping one of South Africa’s largest poultry producers.
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3 weeks ago |
dailymaverick.co.za | Yeshiel Panchia |Lisakanya Venna
South Africa’s labour force is not just losing jobs, it’s losing people. Despite a growing working-age population, fewer South Africans are working or actively looking for work. The Q1:2025 Quarterly Labour Force Survey, released by Statistics South Africa today, reveals a labour market under profound stress: formal employment is collapsing, youth disengagement is rising, and long-term joblessness is becoming entrenched.
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3 weeks ago |
dailymaverick.co.za | Lisakanya Venna
The events at Nsimbi Mining Services reflect a broader pattern of unpaid wages and growing worker and community protests in Mozambique. A week after Nsimbi Mining Services managers were held hostage by striking miners in Mozambique’s Tete province, Mozambican miners reported receiving a full month’s salary on the promised date, while South African staff said they were paid late and received only about a quarter of their monthly salary.