Donald Trump crashes Chelsea's World Cup trophy presentation
Palmer told the newspaper: 'I knew he was going to be here but I didn't know he was going to be on the stand when we lifted the trophy. I was a bit confused.'
Trump's appearance at MetLife Stadium, while normal, was not necessarily the touch to the finale Fifa and Infantino might have desired at the end of a controversial new, 32-team format to the competition.
The expanded format has attracted criticism for adding games to a packed schedule for professional players, while the heat the matches were played in, sometimes at midday for European prime time TV audiences, raised concerns.
Trump was roundly booed in the stadium making his way out to the trophy ceremony.
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IOL News
a minute ago
- IOL News
South Africa braces for impact as 30% US tariffs take effect
President Cyril Ramaphosa and Trump held a telephone discussion on bilateral trade matters with Trump on Wednesday morning, undertaking to continue with further engagements recognizing the various trade negotiations the US was currently involved in. Image: Itumeleng English / Independent Newspapers The government has reiterated its dedication to navigating trade waters with the United States through constructive engagement and negotiation as the hefty tariffs on exports come into effect from Friday. This comes as the US President Donald Trump imposed a 30% tariff on South African imports, which are anticipated to have a profound impact on critical sectors of the South African economy, particularly the automotive and agriculture industries. President Cyril Ramaphosa and Trump held a telephone discussion on bilateral trade matters with Trump on Wednesday morning, undertaking to continue with further engagements recognizing the various trade negotiations the US was currently involved in. Minister in The Presidency, Khumbudzo Ntshavheni, said on Thursday that the Cabinet received an update regarding the Framework Deal established with the US, which aims to create a foundation for ongoing discussions. A notable aspect of this agreement is a provision that stipulates tariffs will be reconsidered once the two nations reach a comprehensive deal. 'Government's efforts remain focused on growing the economy to save and create new jobs, which include intensifying diversification efforts and strengthen their global supply chain integration as the country works to expand its export markets to Asia, Europe, the Middle East, and across Africa to enhance our economic resilience,' Ntshavheni said. Meanwhile, Ntshavheni said the government was focusing on demand side interventions in the impacted industries and targeted interventions to ensure industry stability and safeguard employment. The implementation of the tariffs has raised concerns among South African businesses that rely on exports to the US market, as increased costs could lead to reduced competitiveness. The government this week warned that about 30 000 jobs in various sectors were likely to be impacted by the unilateral 30% import tariffs, hence it is seeking to craft an export diversification strategy leaning heavily towards China's R20 billion market. Ben Farrell, global CEO of the Chartered Institute for Procurement and Supply (CIPS), urged African nations to step forward as leaders in the next era of global supply chains. Farrell issued a warning against protectionist policies and blasted the US tariffs. 'The most popular vehicle in America is the Ford F150 – 45% of its parts are made outside America. Some of them here in Africa. Now these manufacturers are about to see a 35% increase in costs because of tariffs,' he said. 'Consider the implications of this unilateral national action against global suppliers. It's insanity. The stars have aligned for procurement and supply around the world, and particularly here in Africa.' The US is South Africa's third-largest bilateral trading partner after China and the European Union. South Africa's exports to the US account for about 7.5% of the country's total exports, and in turn the largest category of SA's exports to the US are precious metals, at 36% of total exports to the US, which are mainly tariff exempt. The second largest category is vehicles, aircraft and vessels at 20% of total exports to the US, and the third, products of iron and steel at 14%. Mineral products follow next, at 6.8% and chemicals at 6.7%. Investec chief economist, Annabel Bishop, said there were many different issues at play for South Africa in terms of trade balance as the country was running a surplus. 'We could be running a bigger trade surplus if we'd managed to repair the problems we have in Transnet. So there's still an opportunity for us to improve,' Bishop said. 'But I do think an important point is that around the world there's very fierce competition on trade. There's a lot of focus on price. And of course, what this differentiated tariff structure does is now make some countries more competitive than others. And South Africa, 30%, instead of the 15%, which most African countries are, is therefore prejudiced.' Bishop also warned of direct implications of these tariffs on the consumer inflation. She said though the full tariff effect has not come through and was only going to be apparent towards the end of this year, there was an expectation that US economic growth will dip in the medium term as importers absorb the rising costs of imported products. 'But also, while it's not to forget that there could be a double whammy effect. If inflation comes out higher and, of course, remains persistent, then you also start to worry about going to higher interest rate territory,' Bishop said. 'Then has a secondary negative impact on consumers. At the moment, we don't think that's the case. We think the tariff impact is going to be once-off, if it is indeed a once-off tariff situation. 'Then the monetary policy authorities can look through that and say, 'OK, we won't move our interest rates yet'. But it becomes more entrenched, and this is the problem with uncertainty. If tariffs fluctuate, if they move around, you're always at a moving target. You never really know where you are.' BUSINESS REPORT
The Citizen
a minute ago
- The Citizen
Top 10 stories of the day: Ramaphosa's call with Trump
Here's your daily news update for Thursday, 7 August 2025: An easy-to-read selection of our top stories. In the news today, President Cyril Ramaphosa has engaged with his United States counterpart, Donald Trump, on the sweeping tariffs via phone call. Meanwhile, alleged Ponzi scheme kingpin Louis Liebenberg has been sent to a psychiatric hospital for 30 days. Furthermore, minister of public works and infrastructure Dean Macpherson has laid criminal charges against Independent Development Trust CE, Tebogo Malaka and her spokesperson Phasha Makgolane. Weather tomorrow: 8 August 2025 The South African Weather Service (Saws) hasn't issued any severe weather warnings for Friday but expect foggy mornings and cool conditions for most provinces. Full weather forecast here. Stay up to date with The Citizen – More News, Your Way. Inside Ramaphosa's call with Trump over devastating tariffs As South Africa's 30% duty takes effect on Thursday, 7 August, President Cyril Ramaphosa has engaged with his United States (US) counterpart, Donald Trump, on the sweeping tariffs. As an executive order signed last week by Trump took effect, US duties rose from 10% to levels between 15% and 41% for a list of trading partners. President Cyril Ramaphosa spoke with Donald Trump this week. Picture: The Presidency Ramaphosa spokesperson Vincent Mangwenya confirmed the president and Trump discussed the issue in a phone call on Wednesday. 'The two leaders undertook to continue with further engagements, recognising the various trade negotiations the US is currently involved in. Respective trade negotiating teams will take forward more detailed discussions,' Magwenya said. CONTINUE READING: Inside Ramaphosa's call with Trump over devastating tariffs 'Rats as big as cats': Louis Liebenberg sent to psychiatric hospital [VIDEO] Alleged Ponzi scheme kingpin Louis Liebenberg has been sent to a psychiatric hospital for 30 days. This comes after the Bronkhorspruit Magistrate's Court referred the notorious diamond dealer for evaluation during his bail application after a heated debate with the magistrate and various accusations. Louis Liebenberg defends himself during his bail application after his legal representative withdrew from the case. Picture: Gallo Images / Deaan Vivier His rant included comments on bullying, prison abuse, white bread for his gout, the Bible and making various accusations against the magistrate, the court and even the minister of correctional services. 'You know Groenewald talks a bit retarded, you can hear it's him, you can clearly hear it's him. He said, 'Give that man a hard time in prison',' he said. CONTINUE READING: 'Rats as big as cats': Louis Liebenberg sent to psychiatric hospital [VIDEO] IDT CEO attempted bribery: Minister Macpherson takes action Minister of Public Works and Infrastructure Dean Macpherson has laid criminal charges against Independent Development Trust (IDT) chief executive officer, Tebogo Malaka, and her spokesperson at the organisation, Phasha Makgolane. He is accusing them of corruption, bribery, collusion, breaches of fiduciary duties in terms of the Public Finance Management Act (PFMA) and charges relating to the Prevention and Combating of Corrupt Activities Act. Minister of Public Works and Infrastructure Dean Macpherson. Picture: Jacques Nelles 'Last night, I met with the board to discuss the events that unfolded in the media that morning. Watching the video of Malaka allegedly offering a bribe of R60 000 made me sick to my stomach and left me in disbelief,' said Macpherson in a media briefing on Thursday. CONTINUE READING: IDT CEO attempted bribery: Minister Macpherson takes action WATCH: 'You guys are too sensitive,' says Open Chats Podcast as Gayton McKenzie's PA opens case The Open Chats Podcast team is under fire for controversial remarks about coloured people. This has prompted a legal case from the Patriotic Alliance (PA) and a national conversation about race, humour and accountability. Liam Jacobs and Gayton McKenzie. Picture: Instagram In response to the backlash, the Open Podcast team posted a video to Threads. They defended the comments and claimed that the entire discussion was meant as a joke. Their attempt to brush off the comments as satire failed to land with many online. Especially as they doubled down by accusing the public of being 'too sensitive'. CONTINUE READING: WATCH: 'You guys are too sensitive,' says Open Chats Podcast as Gayton McKenzie's PA opens case Disabled pupils suffer as wheelchair, walker and staff shortages cripple Katlehong school Children with physical disabilities at Ezibeleni School in Katlehong, Ekurhuleni, are allegedly being forced to endure dangerous infrastructure and a critical lack of assistive devices. The DA in Gauteng has raised alarm over what it calls 'inhumane' conditions at the special needs school, where more than 250 physically disabled pupils reportedly have no access to essential equipment such as wheelchairs and walkers. Children with physical disabilities at Ezibeleni School. Picture: Supplied/DA 'Students at Ezibeleni School for Physically Disabled Children… are being severely compromised due to a severe shortage of assistive devices,' said DA MPL and Education Committee member Bronwynn Engelbrecht. Ezibeleni has been operating for 13 years on what Engelbrecht describes as a 'dangerously unstable dolomitic site.' CONTINUE READING: Disabled pupils suffer as wheelchair, walker and staff shortages cripple Katlehong school Here are five more stories of the day: Yesterday's News recap READ HERE: Top 10 stories of the day: Why KT Molefe wants bail | IDT bribery attempt | McKenzie slams 'racist' podcast
IOL News
an hour ago
- IOL News
Call for South Africa to act on 'debanking' as Trump moves to ban closures in the US
#RacistBanksMustFall, applauded the recent move by US President Donald Trump to combat debanking practices, urging South Africa to follow suit and introduce similar protections for its citizens. Image: SoraAI/IOL The #RacistBanksMustFall movement in South Africa has urged urgent legislative reforms following the announcement of a new US executive order that seeks to ban banks from closing accounts based on political or religious views. As reported by Business Report, the group praised the decision by former US President Donald Trump to address what is known as "debanking" - a practice where banks withdraw services from individuals or organisations for ideological reasons. The executive order, expected to be signed soon, directs US regulators to discard the "reputational risk" clause often used to justify such closures. Trump alleges that institutions like JPMorgan and Bank of America discriminated against him and his supporters. Debanking, broadly defined, refers to banks refusing services to customers for a variety of reasons. In the US, there is no legal right to a bank account, and banks often cite regulatory or compliance concerns. In an interview with CNBC, Trump accused major lenders of rejecting his deposits post-presidency, asserting: "They told me, 'I'm sorry sir, we can't have you. You have 20 days to get out.'" In South Africa, the debate around debanking has intensified, with local institutions, particularly Nedbank, under scrutiny. Nedbank's 2023 annual report revealed the closure of nearly 200 accounts, a move critics claim disproportionately affects politically vocal individuals and businesses. One of the most high-profile cases involves the Sekunjalo Group, which argues that its account closures are politically driven attempts to silence dissent. #RacistBanksMustFall campaign leader Crown Prince Adil Nchabeleng said South African banks are guilty of similar discriminatory practices. He cited the example of businessman and media mogul Dr Iqbal Survé, whose companies have had accounts closed over perceived "reputational risk" linked to his political influence and media ownership. Nchabeleng called Trump's executive order a 'positive development' and urged South Africa to implement similar safeguards. 'For long now, the banks have been doing as they wish,' he said. He further alleged that banks are targeting politically inconvenient individuals and that this practice also impacts society's most vulnerable. 'Local banks have unilaterally bankrupted families and auctioned off homes without sufficient cause,' said Nchabeleng, who believes the process violates constitutional protections for access to financial services. He added: 'It is high time the banking institution stops its discriminatory practices.' Current South African regulations require banks to give notice and allow customers to respond before closing accounts. Legal precedent set in Bredenkamp v Standard Bank allows terminations on reputational grounds but has faced multiple legal challenges.
