NSFAS faces a R10.6 billion funding shortfall and R45 billion in unpaid loans, leaving students in limbo as reforms aim to restore trust in South Africa’s student aid system.
Checkers is piloting South Africa’s first smart shopping trolleys in Cape Town, letting customers scan items, monitor spending, and pay directly on the cart, streamlining the shopping experience while raising questions about retail’s future.
South African fintech iKhokha, co-founded by Matt Putman, has been acquired by Nedbank for R1.65 billion. What started as a student’s frustration with outdated card machines has grown into a leading payment platform empowering small businesses across the country.
A viral claim about a R12,500 Youth Grant has been dismissed as fake by the NYDA and SASSA, who confirmed no such grant exists. Officials urge the public to rely only on official channels, while genuine opportunities remain available through NYDA’s enterprise support and SAYouth.mobi.
South Africa faces a major economic threat as the U.S. imposes a 30% tariff on key exports starting August 8, 2025. Up to 30,000 jobs are at risk, prompting urgent government support efforts and trade talks. The move ends duty-free access under AGOA, hitting industries like automotive and agriculture hard.
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