# Financial firms are warning that climate change poses escalating risks to the global economy. A report by the Potsdam Institute for Climate Impact Research estimates that by 2049, climate-related disasters could cost approximately 703-trillion-rand annually. Insurers caution that rising risks are making some regions uninsurable, potentially destabilising financial systems and leading to properties that […]
# BankservAfrica’s Economic Transactions Index has recorded a slight increase last month, reaching 137.1 points. This is a 0.3-percent rise from February. This uptick suggests a favourable retail environment, supported by low headline inflation at 3.2-percent and a 75-basis point lower prime rate compared to the previous year. The data also indicates a growing weakness […]
# Zimbabwe has initiated compensation payments to former farm owners under the Global Compensation Deed signed in 2020. To date, 740 farms have been approved for compensation, with the government disbursing approximately 59.3-million-rand for the first batch of 378 processed farms. Zimbabwe’s Finance minister, Mthuli Ncube, the compensation is part of Zimbabwe’s Arrears Clearance and […]
# Greenpeace Africa says forest protection cannot be treated as a secondary concern, it must be at the forefront of climate action. Kenya’s overall forest cover has been shrinking with over 12-thousand hectares of forest lost every year. In Cameroon, illegal logging is rampant in vast areas of the rainforest, with an area larger than Paris […]
# Up to 13 children in Gauteng received prosthetic legs over the past year. This was made possible through a 600-thousand-rand donation from the Star Foundation to Jumping Kids. The donation went towards each child receiving and being fitted with a prosthetic leg. The initiative supports children affected by illness or injury, with the hopes […]
# Organisers of Comic-Con Africa Johannesburg edition say fans can still expect a packed programme despite this year’s event happening a month earlier. The event will happen in August due to planned renovations at the Johannesburg Expo Centre and an upcoming international event. The festival is set to return to its usual September schedule in […]
# The Western Cape Government has unveiled its first mixed-use, inner-city affordable housing development. The 918-million-rand Leeuloop Precinct in Cape Town is expected to offer over 840 housing opportunities. The development, which includes 350 affordable housing units, is designed with sustainability in mind, earning a 4-Star Green Building certification. MEC Tertuis Simmers also handed over […]
# Minister in the Presidency for Planning, Monitoring and Evaluation, Maropene Ramokgopa, has highlighted the importance of African unity and collaboration amidst global challenges. She made this statement while hosting Liberia’s minister of State without portfolio in the Presidency, Mamaka Bility, in Pretoria. Ramokgopa says they discussed shared interests in advancing development and solidarity across […]
# The Department of Public Works has handed over five state-owned properties to the Department of Social Development in Pretoria. This move aims to address the growing crisis of gender-based violence and femicide in South Africa, where there is an increasing shortage of shelters for victims. The properties will help expand support services for those […]
