His resignation comes ahead of the planned meeting initiated by Finance Minister Enoch Godongwana, to orchestrate a shareholder vote to remove remaining non-executive board directors.
Finance Deputy Minister David Masondo has tendered his resignation as the Chairperson of the Board of the PIC. He said he does so "in the interest of the Republic of South Africa, and the continued stability of the PIC".
Foreign buyers own two in five homes above R20 million in SA, Lightstone data shows. They made up 6% of 2.39 million transactions in ten-years.
#Property#TheCitizenNews
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However, it's worth noting that inflation is being driven by external factors, primarily by increasing global prices and Middle East supply tensions that spiked domestic transport and fuel costs.
This is waaay above the Reserve Bank's inflation target of 3.0%, this leaves little room for the MPC's decision. The committee might be forced to hike interest rates tomorrow in order to bring inflation to the central bank's target.
The cost of living is climbing again. 📊 South Africa's annual inflation rose to 5.0% in June 2026 from 4.5% in May, with transport, housing & utilities, and insurance & financial services leading the increase. Monthly inflation was 0.7%. #StatsSA#Inflation
The cost of living is climbing again. 📊 South Africa's annual inflation rose to 5.0% in June 2026 from 4.5% in May, with transport, housing & utilities, and insurance & financial services leading the increase. Monthly inflation was 0.7%. #StatsSA#Inflation
Crime analyst warns Police Minister over ‘Friday arrests’ -
Criminologist and crime analyst, Thabang Bogopa, has expressed concern over what he described as the growing trend of police arresting suspects on a Friday and keeping them in custody throughout the weekend before their first court appearance.
Speaking at a security summit in Johannesburg, Bogopa told Police Minister Prof Firoz Cachalia that the practice raises serious legal and constitutional concerns.
He warned that detaining suspects over a weekend without sufficient justification could expose the South African Police Service and the state to civil claims worth millions of rands for unlawful arrest and detention.
Bogopa said the issue requires urgent attention, arguing that while police must act decisively He urged the minister to address the matter to prevent unnecessary litigation.
What’s your take?
@pule_jones@SAPoliceService@RSA_IPID@IanCameron23@Prof_Cachalia
Leave them in the box without any food and after a few days they'll start eating each other. Then you release the two survivors. But now you have changed their nature, they only eat rat.
BREAKING:
EXCLUSIVE:
The National Prosecuting Authority has submitted an application for the forfeiture of Rudolph Mazibuko's assets, valued at over 50 million, following the successful freezing of said assets.
The SIU tied his direct syndicate to approximately R283 million in irregular transactions.
All seven of his vehicles have been seized. Mazibuko has also not submitted opposing documents to the forfeiture application, and the NPA has requested a hearing date.
Should the NPA's application be successful, Mazibuko and his son, who are also implicated, stand to forfeit all frozen assets, including their multi-million rand residence located on Eccleston Drive, a prestigious street in Bryanston.
Attempts to get comment from his lawyer Rudolph Baloyi have been unsuccessful.
@eNCA
Toyota’s investment in the new 9th Generation Hilux production plant plant is also an investment in people.
A comprehensive skills development ecosystem ensures our people are uplifted. It is also a testament that our B-BBEE Policy is working.
We are proud of this work.
A waitress at The Cosmopolitan Lounge in Maboneng; Johannesburg is seeking assistance with locating Pamela Anderson.
Pamela Anderson visited the establishment and racked up a bill of R5940, and when it was time to settle the bill the overworked waitress charged Pamela Anderson R594 on speed point instead of R5940.
The now distressed and soon to be out of work waitress has been appealing to Pamela Anderson to settle the balance or at least make arrangements with management so she can at least keep her job.
Pamela Anderson is ignoring all contacts by said waitress.
[WATCH] A Nigerian journalist demands an apology from Minister Ntshavheni over a recent statement she made regarding Nigerians and drugs. Minister Kubayi says there will be no such apology.
#eNCA
Breaking News: Police have arrested UK murder suspect Ndodana Mkhanyisi Tshuma in Kensington, Johannesburg.
Tshuma is wanted by UK authorities in connection with the murders of his wife, Nothabo Zandile Tshuma (42), and their two daughters, Natalie (15) and Nala (5), whose bodies were discovered at their home near Bedford.@Sowetan1981
She moves with the exact amount of audacity life requires of you to achieve your dreams & that’s why I do her real bad because not one person who became the greats wasn’t daring 😭❤️