City Power faces financial ruin; ‘Tsotsi' star dies: Today's top 7 stories in 7 minutes

News24

27-05-2025

News24 brings you the top 7 reads of the day.
News24 brings you the top stories of the day, summarised into neat little packages. Read through quickly or listen to the articles via our customised text-to-speech feature.
'I know she fought': Murdered Olorato Mongale's final moments revealed
Olorato Mongale was murdered after meeting a man she connected with online; the man picked her up in a car with cloned plates.
Her friend tracked her phone to multiple locations, eventually finding her belongings in Kew and her body in Lombardy West, Johannesburg.
Police are investigating the man, known as 'John', and a possible accomplice, while Olorato's family and friends mourn the loss of a loving and ambitious young woman.
Stellenbosch urination saga: Court finds Theuns du Toit not guilty
Theuns du Toit, a former Stellenbosch University student, was acquitted of crimen injuria and malicious damage to property.
The charges stemmed from a 2022 incident where he urinated on the belongings of fellow student Babalo Ndwayana.
Du Toit had pleaded not guilty to the charges in the Stellenbosch Magistrate's Court.
R16.3bn crisis: Joburg's City Power faces financial ruin as mayor allegedly buries reports
City Power's R16.3 billion negative bank balance is jeopardising Johannesburg's ability to deliver services and remain financially sustainable, with the municipality having to fund the utility's operations from its own budget.
Mayor Dada Morero is accused of concealing reports about City Power's financial crisis from the Johannesburg council, potentially violating the Municipal Finance Management Act.
Internal documents warn of a looming collapse of services in Johannesburg due to City Power's inability to pay its liabilities, with the City's funds being used to prop up the utility.
Rand buoyant ahead of rates decision
The rand has strengthened to its best levels since December 2024 due to a weaker dollar and speculation about a new, lower inflation target in South Africa.
Analysts are divided on whether the South African Reserve Bank will cut interest rates this week, with a lower inflation target potentially limiting future cuts.
The dollar is under pressure due to concerns about US tax cuts adding trillions to the national debt and investor unease over President Donald Trump's economic policies.
Award-winning Tsotsi and The River star Presley Chweneyagae dies aged 40
Actor Presley Chweneyagae, known for his role as Cobra on The River and in the film Tsotsi, has died at the age of 40.
Chweneyagae gained international recognition for his starring role in Tsotsi, which won the Academy Award for Best Foreign Language Film in 2005.
His management confirmed his death, highlighting his legacy as a gifted actor, mentor, and advocate for empowering the next generation of artists.
Veteran broadcaster Darren Scott dies after decades-long cancer battle
Radio broadcaster Darren Scott has died at the age of 60 after a long battle with cancer.
Scott had been battling melanoma since 1986, and the cancer aggressively returned in early 2023.
His former wife expressed gratitude for the support he received, with over R515 000 raised to aid his treatment.
Robyn Beck / AFP
World's Strongest Man Rayno Nel happy to carry Mzansi on his back: 'It's life-changing'
Rayno Nel, South Africa's World's Strongest Man, is grateful for the support he's received after his historic win, attributing his success to mental strength and his wife's support.
Nel balances his strongman aspirations with his job as an engineering director, training extensively while relying on mental fortitude to overcome challenging sessions.
His wife, Mayno Nel, plays a crucial role by providing support, managing his diet, and assisting with media, highlighting the sacrifices and teamwork involved in his journey to success.