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The war in Iran is escalating, with Tehran responding to US–Israel attacks with missile and drone strikes across the region. Operation Epic Fury and Israel’s Operation Roaring Lion began on 28 February 2026. More than 7 000 km to the south, Prof. Barend Prinsloo, Director of the Centre for Geopolitical Security and Strategy at the …
Emirates has resumed flights from the United Arab Emirates (UAE) to South Africa on Thursday and Friday. More than 6,400 citizens of our country are stranded due to the escalating conflict in the region, with the Department of International Relations and Cooperation (DIRCO) urgently advising South Africans to evacuate through the limited flights. Governments have been …
The Universal Basic Income Coalition says tighter controls risk excluding eligible beneficiaries
Staff Writer ·5 Mar 2026 The Competition Commission has approved the proposed sale of The Bridge Shopping Centre in Gqeberha to Capelink Investments. The shopping mall is a popular destination in the metro, annexed to the 50,000-square-metre Greenacres Shopping Centre in the same area. The Bridge gets its name from its unique layout, built over …
Staff Writer ·5 Mar 2026 Motorists who intend to travel over the Easter long weekend have been warned to ensure the validity of their vehicle licence discs and driving licence cards. This comes as the traffic department’s Natis system shows that 700,399 vehicle licence discs will be expiring at the end of March. The renewal …
Following months of planning to extend South Africa’s driver’s licences to eight years, the Transport Department has missed a critical deadline in its implementation plans. According to its own Annual Performance Plan, the department was meant to submit its decision to parliament for endorsement by the fourth quarter of the 2025/26 financial year, which it …
The Kwid is in entry-level Evolution trim. The Renault Kwid 1.0 Evolution is aimed squarely at first‑time buyers and students who need ultra‑low instalments and running costs. Despite its price, it brings crossover‑style looks, a raised driving position and basic modern conveniences. But remember to budget for comprehensive insurance and be aware that it lacks ESP, …
Buying a home in Israel often starts with one simple question: which city fits daily life. Some buyers want history and a slower pace. Some want beach life and late nights. Some want quiet streets, parks, and schools close by. The right area is the one that matches work, family plans, and budget. A common …
Older pieces often feel different from new stock. The shapes can be bolder. The details can be finer. Some items were made by hand in small batches, so small marks and tiny design choices make each piece feel one of a kind. A buyer once found a simple gold ring at a family sale. It …
An engagement ring is often worn every day. It gets knocked on door frames, tapped on phone screens, and bumped against coffee cups. So the ring needs more than a nice look. It needs a build that can handle real life. Some couples want a ring that feels different from what is seen in most …
Eyesight is one of those things most people take for granted until something goes wrong. A bit of blurriness here, some trouble reading road signs there, and before you know it, you are sitting in a waiting room wondering if you need glasses, surgery, or both. The good news is that eye care has come …
Every business runs on software. That is just a fact at this point. From the accounting system that tracks invoices to the app customers use to place orders, there is a piece of software behind almost every part of how a modern company operates. Off-the-shelf tools work well enough for some things, but there comes …
Wednesday, 4 March 2026 The Economic Freedom Fighters (EFF) rejects with contempt the hysterical and entitled posture adopted by the Democratic Alliance (DA) following the sitting of the Committee on the Presidency. At the meeting convened to elect a Chairperson of the Committee on the Presidency, three candidates were nominated: Doris Mpapane (ANC), […]
New annual report documents a 60% surge in data breaches and warns of AI-powered cyberattacks threatening South African businesses at unprecedented scale. BLOEMFONTEIN, SOUTH AFRICA — Tanosec, a leading South African cybersecurity firm, today released its 2026 Annual Threat Intelligence Report, confirming that South Africa has become the most targeted economy on the African continent. …
Thursday, 05 March 2026: Having exhausted all reasonable avenues through the Intergovernmental Relations Framework Act, Eskom is in the process of issuing notices in terms of the Promotion of Administrative Justice Act (PAJA), providing affected parties an opportunity to make representations before further action is considered. Around 14 municipalities have been selected because they have...
Diamond jewelry often marks real moments. A ring for an engagement. A pair of studs for a graduation gift. A pendant bought after a promotion. Older diamond pieces can carry that same meaning, with extra character from the way they were made and worn. Some people want a look that is not everywhere. Some people …
As Meta rolls out its AI-powered Ray-Ban smart glasses, a Swedish investigation has revealed that subcontracted workers in Kenya were […]
The post Outsourced Kenyans Saw Users Naked Through Meta Glasses appeared first on Impact Newswire.
National Conventional Arms Control Committee has not filed record of decisions despite being ordered to do so by the High Court in 2021
Hair thinning can start slowly, then feel like it speeds up. Some people notice more scalp in photos. Some notice a hairline that keeps moving back. Others see a thin patch on the crown that gets harder to style around. When this goes on for months or years, many people start looking at surgical options. …
Why Water Quality Matters More Than Ever Access to clean, safe water is a fundamental necessity, yet many South Africans remain uncertain about the quality of the water flowing from their taps or boreholes. Whether you rely on municipal supply or a private borehole, understanding drinking water potability is essential for protecting your household’s health. …
Thursday, 05 March 2026 The Economic Freedom Fighters (EFF) condemns the 70% to 92% salary increase for the Secretary to Parliament, Mr Xolile George, which bypassed critical recruitment protocols, misleading the National Assembly. In June 2022, Parliament approved Mr Xolile George’s appointment as Secretary to Parliament, based on an advertised salary of R2.6 […]
Port Alfred – The road to the Rip Curl GromSearch International Final runs straight through Port Alfred this year. The Rip Curl GromSearch presented by The Royal St Andrews Hotel and supported by Sea Harvest will decide which two South African surfers secure the country’s berths at the Rip Curl GromSearch International Final. The Port Alfred …
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes GCR Ratings' (“GCR”) latest Rating (https://apo-opa.co/40g6Vd1) action on the Bank, affirming the Bank's international scale long and short-term issuer ratings of A and A2 respectively. The outlook was revised to “Stable” from “Rating Watch Evolving”.
GCR has also affirmed the international scale long term programme rating on the USD 5 billion Global Medium Term Note (GMTN) Programme of A.
The improved rating reflects GCR's assessment of a “robust counter-cyclical mandate, underpinned by a strong track record and ongoing preferential creditor treatment (PCT) from shareholders.” South Africa became the latest country to affirm the Bank's Establishment Treaty and Preferred Creditor Status when it recently signed the Instrument of Accession (https://apo-opa.co/4rdBtqK) to become a full sovereign member of the Bank. The report continued: “The Bank's solid capitalisation and diversified funding profile provide significant buffers against emerging credit risks.” The report also acknowledged the Bank's diverse shareholding base.
The outlook change from “Rating Watch Evolving” to “Stable”, according to GCR, indicates that there is immaterial downside risk related to sovereign debt restructurings.
Commenting on the Rating action, Mr. Chandi Mwenebungu, Managing Director and Group Treasurer, Treasury and Markets at Afreximbank said: “We are delighted that GCR has affirmed its credit rating on the Bank and resolved the outlook to ‘stable', particularly in the light of recent positive credit developments. We continue to assert that the Bank's preferred creditor treatment is enshrined in the Bank's Establishment Agreement, ratified by all member states. It is not a matter of opinion or convention; it is fact.
Mr Mwenebungu continued, “It is also pleasing to note that GCR acknowledges the Afreximbank's strong liquidity and capitalisation, and resilient risk profile. This is testament to the Bank's financial and operational strength and that it has been able to demonstrate firm resolve in the face of continued macro-economic pressures and a challenging environment.”
Afreximbank's risk management framework was independently assessed in 2025 and registered as complying with international standard ISO 31000:2018 (https://apo-opa.co/4le6xpd), which demonstrates the Bank's commitment to maintaining best practices in support of its mandate as the Continent's leading Trade Finance Institution. The registration, issued by Certification Partner Global (CPG), follows rigorous independent assessments of Afreximbank's enterprise risk management framework by external auditors, with zero non-conformities.
Distributed by APO Group on behalf of Afreximbank.
Media Contact:
Vincent Musumba
Communications and Events Manager (Media Relations)
Email: press@afreximbank.com
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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa's trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank's total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) at “Stable”, Moody's (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), and Japan Credit Rating Agency (JCR) (A-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, "the Group"). The Bank is headquartered in Cairo, Egypt.
For more information, visit: www.Afreximbank.com
Statement by Michele Clarke MP – DA Spokesperson on Health: The Democratic Alliance (DA) calls, again, for Health Minister Dr. Aaron Motsoaledi to immediately suspend his Director General who has been arrested for alleged corruption, fraud and theft. It is absolutely unfathomable that a DG arrested for corruption and fraud is still running the Department …