Stories from South Africa

An investigation is underway into the funding of a sports federation, with concerns raised about taxpayer money allocated to projects that have not yielded expected results. The federation's financial dealings are under scrutiny.

The new chair of the Federal Reserve steps into the role during a period of renewed inflation pressure. This pressure is reportedly driven by high global energy costs and geopolitical events.

South Africa has one of the highest crypto adoption rates globally, fostering innovation and new opportunities. The country is also examining regulatory barriers to market access.

Some South African retailers have shown recovery, with specific mention of gold and platinum shares performing poorly this year. BHP and South32 were noted for their performance, with South32's performance linked to the aluminum price.

Unplanned maintenance due to missing phases has affected electricity supply in Athlone and Lansdowne. The issues were reported on May 11, with teams working to resolve them quickly.

The Hollywood-Bets Super League has transformed into a two-stream format. The draw for the new format was conducted earlier today. The logic behind this change was discussed.

Sibanye-Stillwater's basket price has increased by 88% year-on-year. Platinum Group Metals has signed a Memorandum of Understanding with a Saudi smelter. The company's stock, Greenland Mines Ltd., is trading as BUILDon.B.

Cape Town has been experiencing severe storms for the third consecutive day, leading to extensive damage. The duration and intensity of the storms have caused disruption. Heavy rainfall and strong winds have led to flooding and infrastructure damage.

Severe flooding is impacting parts of Cape Town, with a particular emphasis on poorer areas. Residents with spare funds are encouraged to donate to aid relief efforts.

The ceasefire is described as being on ' life support' with questions raised about its potential unraveling. Iran's parliamentary speaker's proposal is noted, while the US is perceived as making unreasonable demands.