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South Africa's Ramaphosa to address nation over scandal threatening his job

South Africa's Ramaphosa to address nation over scandal threatening his job

By Sfundo Parakozov and Nilutpal Timsina JOHANNESBURG, May 11 (Reuters) - President Cyril Ramaphosa was set to address South Africans on Monday evening after a court revived impeachment proceedings against him over a scandal in which thieves stole bundles of foreign cash from a sofa on his ranch.
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Former Ukrainian Official Yermak Charged in Major Corruption Probe Involving Luxury Compound

Former Ukrainian Official Yermak Charged in Major Corruption Probe Involving Luxury Compound

Andriy Yermak, the former chief of staff to Ukrainian President Volodymyr Zelensky, has been charged with money laundering related to the construction of a luxury residential compound near Kyiv. The charges were announced by Ukraine's Specialized Anti-Corruption Prosecutor's Office (SAPO). The investigation, conducted by the National Anti-Corruption Bureau (NABU) and SAPO, alleges that over Hr 460 million ($8.9 million) was funneled through the project using shell companies and fictitious financial documents. The project involved the construction of four private mansions and a wellness complex, with each residence costing millions of dollars. Yermak, who resigned in November 2025 amid the investigation, has denied owning any luxury homes, claiming to possess only one apartment and one car.
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Ekapa Mine Liquidators Seek Investors to Preserve Operations Amid Market Challenges

Ekapa Mine Liquidators Seek Investors to Preserve Operations Amid Market Challenges

Ekapa Mine Liquidators Seek Investors to Preserve Operations Amid Market Challenges
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A timeline of the hantavirus outbreak on cruise ship

A timeline of the hantavirus outbreak on cruise ship

An outbreak of the rare hantavirus unfolded over weeks on a cruise ship crossing the Atlantic Ocean
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Finance Magnates Africa Summit Returns to Cape Town, Boosting Regional Financial Markets

Finance Magnates Africa Summit Returns to Cape Town, Boosting Regional Financial Markets

Finance Magnates Africa Summit Returns to Cape Town, Boosting Regional Financial Markets
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Sibanye Stillwater Initiates $675 Million Debt Refinancing for Stillwater Mining

Sibanye Stillwater Initiates $675 Million Debt Refinancing for Stillwater Mining

Sibanye Stillwater Initiates $675 Million Debt Refinancing for Stillwater Mining
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Yurav Premlall Secures Historic Victory on DP World Tour, Approaches Tiger Woods' Record

Yurav Premlall Secures Historic Victory on DP World Tour, Approaches Tiger Woods' Record

Yurav Premlall Secures Historic Victory on DP World Tour, Approaches Tiger Woods' Record
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US and Mexico Brace for Intense Heatwave Amidst Severe Weather in South Africa

US and Mexico Brace for Intense Heatwave Amidst Severe Weather in South Africa

The western parts of the United States and Mexico are preparing for an intense heatwave as a ridge of high pressure is expected to push temperatures significantly above the seasonal average. The US National Weather Service has issued heat advisories for regions in California and Arizona, with extreme heat warnings in effect for areas like Palm Springs, where temperatures could soar to 104-110°F. This heatwave is anticipated to move eastward towards the Midwest later in the week. Concurrently, South Africa is experiencing severe weather, with heavy rains and strong winds causing significant flooding and infrastructure damage in the Western and Eastern Cape regions. The South African Weather Service has issued warnings for flash flooding, mudslides, and rockfalls, with some areas receiving over 300mm of rain, leading to evacuations and power outages.
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U.S. and South Africa Explore Critical Mineral Deals Amid China's Market Dominance

U.S. and South Africa Explore Critical Mineral Deals Amid China's Market Dominance

The United States and South Africa have engaged in high-level discussions to explore potential resource deals in critical minerals. This move comes as the U.S. seeks to counter China's dominance in the global critical minerals market. China currently holds significant shares in the mining, refining, and manufacturing of rare earth elements, which are crucial for defense and automotive industries. The talks, although in early stages, indicate the U.S.'s willingness to sign deals across Africa to diversify its supply chain and reduce dependence on Chinese minerals. This initiative is part of broader efforts by Western countries to establish alternative supply chains following China's export restrictions on rare earth elements.
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Online Creators Reshape Africa's News Ecosystem Through Social Media

Online Creators Reshape Africa's News Ecosystem Through Social Media

Online creators in Africa are transforming the continent's news consumption habits by leveraging social media platforms. Influencers like Amahle-Imvelo Jaxa and Valerie Keter have gained significant followings by producing content that resonates with younger audiences. These creators offer a more relatable and informal approach to news, often shooting videos in casual settings like their homes. This shift is part of a broader trend where social media is democratizing news access and allowing independent creators to compete with traditional media outlets. The rise of these influencers is particularly notable in countries like South Africa, Kenya, and Nigeria, where social media usage is high.
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South32's Hillside Aluminium Smelter Celebrates 30 Years, Eyes Long-Term Power Solutions

South32's Hillside Aluminium Smelter Celebrates 30 Years, Eyes Long-Term Power Solutions

South32's Hillside Aluminium Smelter Celebrates 30 Years, Eyes Long-Term Power Solutions
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DRDGOLD's Valuation Highlights Potential Undervaluation Amid Strong Gold Prices

DRDGOLD's Valuation Highlights Potential Undervaluation Amid Strong Gold Prices

DRDGOLD's Valuation Highlights Potential Undervaluation Amid Strong Gold Prices