Rand at mercy of Trump and Iran war uncertainty
The Rand has become increasingly volatile as markets react to shifting signals from US President Donald Trump and escalating conflict involving Iran. Analysts say uncertainty over interest rates, inflation and oil prices is driving sharp currency swings. The situation has left the rand highly sensitive to geopolitical developments and global investor sentiment.
Sibanye-linked lawyer shot dead in Johannesburg
A lawyer representing mining company Sibanye-Stillwater has been shot dead in Johannesburg’s CBD while working on a labour dispute case. The killing has raised concerns about the safety of legal professionals involved in high-stakes corporate and labour matters. Authorities are investigating the motive, including possible links to the case he was handling.
EU warns against escalation in Iran conflict
European Commission President Ursula von der Leyen has warned that further escalation in the Iran conflict could destabilise global trade and energy supplies. European leaders have urged restraint and ruled out direct military involvement, favouring diplomatic solutions. The crisis around the Strait of Hormuz remains a key concern due to its importance for global oil shipments.
Health ombud finds abuse and neglect after fatal fire
South Africa’s health ombud has uncovered serious abuse, neglect and systemic failures at a state psychiatric facility following a deadly fire. The report found patients were exposed to unsafe conditions and inadequate care, contributing to the tragedy. Officials have called for urgent reforms to prevent similar incidents and improve patient safety.
North Korea advances economic plan alongside nuclear deterrence
North Korean leader Kim Jong Un has unveiled a new five-year economic plan while reaffirming the country’s commitment to strengthening its nuclear deterrent. Kim said economic development and military capability must progress together to ensure national security. The strategy signals continued prioritisation of defence despite ongoing economic challenges.
Sources: News24, Daily Maverick, The Guardian, Business Day, Reuters