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‘Arrest Malema, ' Trump tells Ramaphosa

‘Arrest Malema, ' Trump tells Ramaphosa

IOL News21-05-2025

US President Donald Trump welcomes South African President Cyril Ramaphosa to the White House in Washington, DC, on May 21, 2025. Ramaphosa meets Trump amid tensions over Washington's resettlement of white Afrikaners that the US president claims are the victims of "genocide."
What began as a routine diplomatic meeting intended to reset US-South Africa relations quickly descended into a tense confrontation as President Donald Trump pressed South African President Cyril Ramaphosa on the controversial topic of 'white genocide' and land reform in his country.
Held at the White House on Wednesday, the bilateral meeting featured high-level South African officials and business figures, including Cabinet ministers Parks Tau, Khumbudzo Ntshavheni, Ronald Lamola, DA leader John Steenhuisen, labour federation COSATU's Zingisa Losi, and billionaire Johann Rupert. However, the delegation's composition, which even included professional golfer Ernie Els, sparked criticism back home for lacking key government figures and skewing toward elite business interests.
As cameras rolled in the Oval Office, Trump wasted no time diving into the inflammatory topic. He opened with graphic videos and clips of EFF leader Julius Malema, including footage of rallies where the chant 'Kill the Boer' was heard — a moment that set the tone for the rest of the meeting.
'We've seen a tremendous number of white farmers fleeing South Africa,' Trump said. 'We believe people are being persecuted, and we take that seriously.'
According to sources close to the meeting, Trump even demanded to know why Malema 'hasn't been arrested,' calling him 'an idiot.' He also cited what he claimed were rising numbers of Afrikaner asylum seekers and a surge in emigration as proof of a crisis.
The spectacle was reminiscent of Trump's past confrontational encounters with world leaders, including a now-infamous clash with Ukrainian President Volodymyr Zelensky. But unlike Zelensky, Ramaphosa remained composed.
Ramaphosa rejected the narrative of white-targeted violence as a gross misrepresentation. 'Yes, there are challenges with crime, but they affect all South Africans — black and white alike,' he said, while pointing out that the 'Kill the Boer' chant was the rhetoric of minority opposition voices and not reflective of national policy.

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Draft oil and gas regulations spark climate justice concerns
Draft oil and gas regulations spark climate justice concerns

Mail & Guardian

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Draft oil and gas regulations spark climate justice concerns

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MTN backs Starlink's South African operations, contingent on B-BBEE compliance
MTN backs Starlink's South African operations, contingent on B-BBEE compliance

IOL News

time3 hours ago

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MTN backs Starlink's South African operations, contingent on B-BBEE compliance

EFF rejects Minister Malatsi's unlawful attempt to bypass South Africa's 30% local ownership law for Elon Musk's Starlink, saying legal compliance and transformation must be upheld to protect jobs, sovereignty, and national security. Image: AP Photo/Francois Mori Giant digital communication network service provider, MTN, whose chairperson is South Africa's special envoy to the United States of America, Mcebisi Jonas, has expressed support for Starlink being licensed to operate in the country. However, this is only if one of the world's richest men, Elon Musk's satellite internet service licence, complies with black economic empowerment regulations. 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Words on wealth: the importance of financial regulation in protecting consumers
Words on wealth: the importance of financial regulation in protecting consumers

IOL News

time3 hours ago

  • IOL News

Words on wealth: the importance of financial regulation in protecting consumers

This article explores the critical role of financial regulation in protecting consumers from exploitation and ensuring fair market practices, highlighting recent challenges faced by regulatory bodies. Image: Ayanda Ndamane / Independent Newspapers. It shocked me to learn that the Trump administration in the United States, with the assistance of Elon Musk and his Department of Government Efficiency, had dismembered and severely impeded the function of the Consumer Financial Protection Bureau (CFPB). This US government agency was established in 2011 under President Barack Obama in the aftermath of the global financial crisis of 2008. According to the US Treasury Department, the bureau is tasked with the responsibility to 'promote fairness and transparency for mortgages, credit cards, and other consumer financial products and services'. On its website, the CFPB says its central mission 'is to make markets for consumer financial products and services work for Americans – whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products'. Wikipedia notes that many thousands of consumer complaints about financial services providers, including banks and credit card issuers, have been received and attended to by the CFPB. The CFPB is not the only US agency acting against unfair practices by financial services providers; there is the longer-running and more established Federal Trade Commission (FTC), which has wide-ranging powers across business sectors that include enforcing antitrust laws. This has also been targeted by President Trump, who in March fired two of the FTC's Democratic commissioners, although the legitimacy of those firings is now being questioned in court. Which brings me to the topic of financial regulation generally. Force for good I strongly believe that regulation that levels the playing field, protects consumers from exploitation, and enables them to make better financial decisions is good for society as a whole, including the industry it regulates. Advocates of free markets would argue that companies in a competitive environment are self-regulating. I disagree. Competition is a powerful and vital force, but its nature is such that you will always have someone trying to make a quick buck by pushing the boundaries of what is normal or ethical. This is a big enough problem in a regulated environment; imagine how bad it would be in an unregulated one. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ A supreme example of pushing the boundaries is, of course, in sport - specifically those sporting codes that primarily test physical prowess, such as athletics, swimming, weight-lifting, and cycling. Before these sports became commercialised, there was little monetary incentive for athletes to cheat. Perhaps a small amount of cheating went on behind the scenes, but public perception was that the winners represented the pinnacle of human strength, speed, and endurance, and the sports codes were popular because people believed the competition was real and the winners genuine. That's not the case anymore. When I watch an athlete win a race, there's always the nagging question in the back of my mind: did he or she win on natural ability, or did performance-enhancing drugs contribute to the win? In which case, why am I wasting my time watching someone cheat? It started with a couple of risk-takers pushing the boundaries. Eventually, just to remain competitive, everyone was doping, inventing more and more elaborate schemes to evade detection. Moving targets Regulators typically struggle to keep up with the novel ways people find to push the boundaries. I like to think that the financial regulators have had more success than the sports regulators. In financial circles, there's a recent push by those on the fringes to market private equity investments, which invest in private, rather than publicly listed, companies. I have nothing against seasoned, wealthy investors putting their money into private ventures – they know the risks. I do have a problem when private equity investments are marketed to consumers who are not aware of the risks. There are currently at least two companies I know of that are marketing private equity products, including a living annuity, to the public, making out as if they are just regular products. Well, they are not regular. They carry a far higher risk for the investor than publicly listed equity. Pension funds, which have substantial assets and expertise behind them, are restricted by law to invest no more than 15% of their portfolio in private equity. And yet these fringe providers are asking consumers to trust them with their life savings.

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