Tag: South Africa
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Bitcoin ban: African countries where crypto is restricted or illegal
Bitcoin has been controversial since its beginning in 2009, as have the subsequent cryptocurrencies that followed in its wake. Due to its extreme volatility, its use in nefarious transactions and the exorbitant use of electricity to mine it, the legal status of the digital currency varies substantially from country to country. But as more Africans…
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Musa Khawula Remains Behind Bars Amid Legal Troubles
Renowned South African gossip blogger Musa Khawula, known for his controversial takes and a following of over 200,000, is facing a growing legal storm. Khawula, a polarizing figure in the social media space, appeared in the Randburg Magistrate’s Court earlier this week. The blogger’s latest court appearance stems from allegations of defamatory statements made against…
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๐ฟ๐ฆ ArcelorMittal shutdown: worry about socio-economic catastrophe
There are concerns that ArcelorMittalโs decision to shut down its long steel business will lead to a socio-economic catastrophe. While government is said to have done nothing about the reasons for the shutdown, the department of trade, industry and competition says it still wants to prevent the shutdown. ArcelorMittal South Africa (AMSA) made a final…
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The South African gold mines taken over by criminal gangs
Authorities have resorted to siege tactics to โsmoke outโ thousands of miners trapped underground Down a shaft that plunged more than a mile below the earth in South Africaโs old mining heartland, a manโs life hung in the balance. After weeks working โ then later, trapped and starved by violent gang leaders โ in the…
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Rastafarian Community in South Africa Faces Ongoing Cannabis Arrests Despite Decriminalization
The South African Human Rights Commission (SAHRC) has formally addressed National Police Commissioner Lieutenant General Fannie Masemola, voicing concerns over the continued arrests of adult private users, possessors, and cultivators of cannabis. This issue has disproportionately impacted members of the Rastafarian community, despite cannabis being decriminalized for private use in South Africa and a South…
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๐ฟ๐ฆ๐ South Africa to push for better credit terms for Africa and other developing nations during G20 presidency
International Relations and Cooperation Minister Ronald Lamola highlighted the significantly higher cost of capital for African countries compared to industrialized nations. He emphasized the need for “revolutionary solutions” to lower interest rates on loans, arguing that Africa shouldn’t face higher rates than developed countries for comparable loans. This focus was a key topic during the…
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๐ฟ๐ฆ Opposition parties ask Africaโs top court to revive impeachment hearings for the president
Two South African opposition parties asked the countryโs top court Tuesday to revive impeachment proceedings against President Cyril Ramaphosa over a scandal where more than half a million dollars in cash was stashed in a couch at his ranch and then stolen. The leftist Economic Freedom Fighters and African Transformation Movement want the Constitutional Court…
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XRP, DOGE Lead Crypto Losses as Weekend Pullback in Bitcoin Causes $500M Liquidations
BTC dropped more than 3.5% from its peak, as profit-taking led to a pullback from the near $100,000 mark late Friday. What to know: Bitcoin (BTC) pared last weekโs gains with a price drop from $98,500 to as low as $95,500 during late U.S. hours on Sunday, before recovering, in a move that sent the…
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๐ฟ๐ฆ South Africa sets up inter-agency team to help bring illegal miners to the surface
Authorities in South Africa have put together a team including mine rescue experts to come up with a plan to bring to surface illegal miners On Friday (Nov. 15), a government delegation led by the police minister visited the site and engaged with the community and relatives of the miners who remain under a disused…
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Private-sector company has kept South Africa in global UAV race
South African private-sector defence group Milkor has kept South Africa in the global top ten of larger uncrewed aerial vehicle- (UAV-) producing countries through its development of the Milkor 380 medium altitude, long-endurance (MALE) UAV. Milkor entirely financed the development of the Milkor 380 itself, and is currently producing the first batch of these aircraft,…
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