Posts by tag: South Africa

The Day of Reconciliation in South Africa, observed on December 16, celebrates unity by acknowledging the nation's divided history and promoting healing among communities. This public holiday began in 1995, highlighting significant historical events for Afrikaners and Africans. Through cultural festivities, the day aims to address past injustices and foster a more inclusive society.

The South African Rand continued its downward trend, hitting its lowest in nearly two weeks, as global economic worries and rising US Treasury yields deter investors. The currency's decline is heightened by concerns over South Africa's sluggish economic growth and falling commodity prices, notably gold. As the US inflation data release looms, the Rand's performance remains uncertain.

South Africa faces a daunting Olympic medal challenge with a tough path ahead. Despite a rocky start, they've secured a chance for a medal. A crucial 49-5 victory against Japan earned them a quarterfinal spot. Now, they prepare to face France in the semifinal. With a win, they're guaranteed a gold or silver; a loss leads them to compete for bronze.

South Africa experiences a seismic political shift as the African National Congress (ANC) loses its majority for the first time in 30 years. The ANC's performance has been marred by perceptions of corruption and internal splits, giving way to parties like the Democratic Alliance and Economic Freedom Fighters. This pivotal moment calls for coalition governments and national unity to navigate the complex political landscape.

Amazon has launched its retail operations in South Africa, mirroring local competitors but without its proprietary products and digital services. The entry includes competitive pricing and a similar returns policy to Takealot, yet lacks gadgets like Kindle and services like Amazon Music or Prime.