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Top 10 stories of the day: Rand manipulation saga in ConCourt
Top 10 stories of the day: Rand manipulation saga in ConCourt

The Citizen

time9 hours ago

  • Business
  • The Citizen

Top 10 stories of the day: Rand manipulation saga in ConCourt

Here's your daily news update for Tuesday, 19 August 2025: An easy-to-read selection of our top stories. In the news today, the Competition Commission says there is evidence that several banks colluded to manipulate the South African rand. Meanwhile, the community of Eldorado Park gathered at the Don Mateman hall for the funeral service of four-year-old Liquethan Nikita Kiewietse. Furthermore, the football fraternity is in mourning following the death of former Orlando Pirates and Zimbabwe international striker Tendai Ndoro, who has died at the age of 40. Weather tomorrow: 20 August 2025 The South African Weather Service (Saws) has warned that a dominant high-pressure system will result in fine and warm to hot conditions over Gauteng, Mpumalanga, North West, Limpopo and northern KwaZulu-Natal from Wednesday until at least Tuesday, 26 August. Full weather forecast here. Stay up to date with The Citizen – More News, Your Way. Competition Commission tells ConCourt rand manipulation saga similar to cartels The Competition Commission on Tuesday told the Constitutional Court (ConCourt) there is evidence that several banks colluded to manipulate the South African rand. Over the next four days, the ConCourt is set to hear arguments in a leave to appeal application brought by the commission after it lost in the Competition Appeal Court (CAC) in January 2024. Tembeka Ngcukaitobi at the Supreme Court of Appeal (SCA) on 4 September 2023. Picture: Gallo Images / Mlungisi Louw The case dates back to 2017, when the commission referred a complaint against 28 local and international banks to the Competition Tribunal. The complaint alleged that, between 2007 and 2013, banks manipulated the foreign exchange rate between the US dollar and the rand by sharing sensitive information through messaging platforms. CONTINUE READING: Competition Commission tells ConCourt rand manipulation saga similar to cartels SA companies lodge complaint against Truecaller app for violating Popia The community of Eldorado Park gathered at the Don Mateman hall for the funeral service of Liquethan Nikita Kiewietse. Eldorado Park residents have been on high alert after they initially contacted authorities about child abuse in the area. Last Wednesday, South African Police Service (Saps) responded to a complaint that Nikita's stepfather was physically abusing the child. Late four-year-old Nikita's funeral service at Don Mateman hall in Eldorado Park. Picture: Nigel Sibanda /The Citizen Upon arrival, police discovered a man with a young boy and girl. They noticed the girl lying on the bed with visible head injuries, bruises, and a swollen eye. The man was arrested on the spot, and the girl was urgently taken to a nearby medical facility. She was admitted to the intensive care unit (ICU), where she remained for two days before tragically succumbing to her injuries. CONTINUE READING: WATCH: A small coffin, a big loss: Eldorado Park mourns 4-year-old Nikita Former Orlando Pirates striker Tendai Ndoro dies at 40 The football fraternity is in mourning following the death of former Orlando Pirates and Zimbabwe international striker Tendai Ndoro, who has died at the age of 40. Ndoro, affectionately known as 'Fire' during his playing days, passed away on Monday evening after a long battle with illness. Former Orlando Pirates striker Tendai Ndoro has died at the age of 40. Picture: X/@Am_Blujay He had been battling diabetes since 2021. His struggles with the disease led to his retirement from football in 2020 due to vision issues. CONTINUE READING: Former Orlando Pirates striker Tendai Ndoro dies at 40 Amantle Samane's mother tells court she can no longer sleep and wants three life sentences for Simao The Johannesburg High Court on Tuesday heard the victim impact statement from Amantle Samane's mother ahead of the sentencing of Pethe Sara Simao, the Mozambican national who kidnapped, raped and murdered Amantle Samane. Amantle's mother, Ntombi Samane, explained to the court that she had not been able to sleep since her daughter's brutal murder. Pethe Sara Simao appears for murder of six-year-old Amantle Samane at the Johannesburg High Court on 11 August 2025. Picture: Nigel Sibanda/The Citizen 'This incident left me with hatred towards foreigners. When I wake up during the night to relieve myself, I will not sleep when I go back to bed. I will relive the pain and remember everything that happened and the state she was in when she was found,' an emotional Samane told the court. She further told the court that she wished for Simao to get three life sentences. CONTINUE READING: Amantle Samane's mother tells court she can no longer sleep and wants three life sentences for Simao Meet the world's youngest billionaire – Here's how the 20-year-old did it It was rapper 50 Cent who titled his album Get Rich or Die Tryin', and this is what most people in the world do. Becoming a billionaire can take decades, even a lifetime, and this is evident in Forbes' rich list. However, Forbes has revealed that the youngest billionaire in the world is a 20-year-old from Germany, and his net worth is about half of what South Africa's richest man owns. For illustrative purposes. Picture: iStock The youngest billionaire on the list is a 20-year-old Johannes von Baumbach, heir to Boehringer Ingelheim. His three siblings, aged 23, 25, and 27, are also on the youngest billionaires list, each with an estimated net worth of $5.8 billion (more than R102 billion). CONTINUE READING: Meet the world's youngest billionaire – Here's how the 20-year-old did it Here are five more stories of the day: Yesterday's News recap READ HERE: Top 10 stories of the day: Eldorado Park parents abandon bail bid | Limpopo nepotism, payments claims | How much DDP won

WATCH: A small coffin, a big loss – Eldorado Park mourns baby Nikita
WATCH: A small coffin, a big loss – Eldorado Park mourns baby Nikita

The Citizen

time15 hours ago

  • The Citizen

WATCH: A small coffin, a big loss – Eldorado Park mourns baby Nikita

The community of Eldorado Park gathered at the Don Mateman Hall to bid a final farewell to Nikita during an emotional funeral service. The community of Eldorado Park gathered at the Don Mateman hall for the funeral service of Liquethan Nikita Kiewietse. The funeral of Nikita, as she was known, was attended by family, community members, a delegation of politicians and activists. Politicians and community activists attend the funeral service of Nikita at Don Mateman hall in Eldorado Park. Picture: Nigel Sibanda/The Citizen Eldorado Park residents have been on high alert after they initially contacted authorities about child abuse in the area. Last Wednesday, South African Police Service (Saps) responded to a complaint that Nikita's stepfather was physically abusing the child. Upon arrival, the officers were directed to a locked backyard shack, according to Gauteng police spokesperson Mavela Masondo. Masondo stated that upon entering the shack, police discovered a man with a young boy and girl. They noticed the girl lying on the bed with visible head injuries, bruises, and a swollen eye. The man, who claimed to be the children's father, was unable to give a satisfactory explanation for the girl's condition. He was arrested on the spot, and the girl was urgently taken to a nearby medical facility. She was admitted to the intensive care unit (ICU), where she remained for two days before tragically succumbing to her injuries. Child abuse case: Eldorado Park parents abandon bail During the court proceedings, the State revealed that both the ma and the child's mother had opted to abandon their bail applications. Following this, the prosecution requested a postponement to allow for further investigation into the matter. The case was subsequently adjourned to 9 October, with both accused remaining in custody until their next appearance. ALSO SEE: Eldorado Park parents abandon bail bid in child abuse case

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