International retailer Steinhoff has been downgraded by rating agency Moody’s. The rating agency downgraded Steinhoff to Caa1 corporate family rating which indicates high credit risk. The furniture retailer has 40 different brands in 40 countries. Steinhoff’s share price dropped more than 90% after its CEO reigned in December. It announced[…]
The EFF and other parties brought the case in a bid to seek impeachment proceedings against President Jacob Zuma. The Constitutional Court is set to deliver judgment in the so- called Zuma impeachment case. The EFF and other parties brought the case in a bid to seek impeachment proceedings against[…]
At least 40 people have been killed and dozens wounded in a blast in Kabul at a compound comprising a news agency, Shia cultural centre and religious school, the interior ministry has said. The explosion early on Thursday struck an area close to the Afghan Voice news agency and Tebyan[…]
An all-woman team has been collating the witness statements of 50 Rohingya refugees, to set in motion a global campaign to bring the Myanmar’s military to justice for ethnic cleansing and genocide. On Sunday, Christmas Eve in many parts of the world, the affidavits containing harrowing stories were officially processed[…]
Level 6 water restrictions will be the new normal for Capetonians as of the 1 January 2018, as the City of Cape Town throttles back on excessive water use. With increased concern that Day Zero could be sooner than anticipated, the city is now pushing ahead to save as much[…]
Without explanation, the Twitter account belonging to imprisoned Palestinian teenage girl Ahed Tamimi was deleted. Tamimi was arrested and imprisoned by the Israeli military. Another account has been created, calling for Twitter to reinstate Tamimi’s original account. While it is unclear if Twitter itself deleted the account, Manal Tamimi, a[…]
The ongoing row between Tunisia and the United Arab Emirates over Emirates airline’s decision to impose a blanket ban on Tunisian women flying into the country was a “political miscalculation” that reflects an increasingly fraught relationship between the two countries, experts say. Nicholas Noe, a Tunisia-based political analyst and editor[…]
Turkish President Recep Tayyip Erdogan on Wednesday called Syrian President Bashar al-Assad a “terrorist” and said it was impossible for Syrian peace efforts to continue with him. Erdogan made his comments while in Tunis to sign key agreements along with 10 government ministers and more than 150 businessmen on the[…]
Residents of an informal settlement in drought-stricken Cape Town that burnt to the ground on Tuesday claim the fire could have been extinguished sooner if there had been enough water. About 300 people were left homeless after the blaze tore through 150 shacks in Valhalla Park. Although city officials denied[…]
A man drowned on Wednesday, and two other men and a woman were rescued at Strand Beach, the National Sea Rescue Institute (NSRI) said. Spokesperson Craig Lambinon said that at around 15:30 the NSRI Gordons Bay duty crew were alerted following reports of a drowning in progress. “Strand Surf Lifesaving[…]
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