Afrique Beat News

Afrique Beat News Afrique Beat News is a blog on African Entertainment, Lifestyle, Art and Culture. Based in S.A Afrique Beat News portal updating on the current news in Africa.

City Press distances itself from Dada Morero 'high spend' tweet. Social media tip: Verify all information before sharing...
27/07/2025

City Press distances itself from Dada Morero 'high spend' tweet.

Social media tip: Verify all information before sharing.

Afrique Beat News

Government Approves R94.8 Billion Guarantee for TransnetJuly 27, 2025 - South Africa's government approved R94.8 billion...
27/07/2025

Government Approves R94.8 Billion Guarantee for Transnet

July 27, 2025 - South Africa's government approved R94.8 billion ($5.3 billion) in guarantees to bolster state-owned rail and port operator Transnet SOC Ltd. This includes R48.6 billion for debt redemptions over five years and R46.2 billion to mitigate credit-rating downgrade risks, the Department of Transport announced Sunday.

The funding, which adds to a R51 billion guarantee facility approved in May, aims to help the indebted company regain profitability. Transnet sought the funds from a budget facility for infrastructure projects to finance upgrades and equipment.

After years of underinvestment and corruption, Transnet's rail and port operations have severely declined.
"Government will continue to work with Transnet to ensure operational and financial improvements... and to accelerate implementation of reforms for the logistics sector, including private sector participation," the department stated.

S&P Global noted on July 10 that Transnet is entirely reliant on government support to service its debt, making an upgrade unlikely within the next 12 months.

Afrique Beat News

Tragic Incident Rocks Soweto Birthday CelebrationSOWETO - 27 July 2025 | A police captain tragically shot and killed his...
27/07/2025

Tragic Incident Rocks Soweto Birthday Celebration

SOWETO - 27 July 2025 | A police captain tragically shot and killed his girlfriend and her brother, injuring three others, before turning the gun on himself during a birthday celebration in Protea, Soweto, on Saturday night.

Gauteng police are investigating two counts of murder, three counts of attempted murder, and an inquest docket. Police spokesperson Colonel Dimakatso Nevhuhulwi stated the incident occurred during a birthday celebration.

"The captain reportedly called the girlfriend to the side and that is when people saw him draw a firearm and shoot her and her brother dead, while three other civilians sustained injuries. He then turned the gun on himself," said Nevhuhulwi.

Provincial Police Commissioner Lt-Gen Tommy Mthombeni extended his condolences, urging officers to utilize available health and wellness facilities for support. He added, "We give our members these tools [guns] to protect themselves against criminals, so it is very disheartening to see the very same tools being used to kill their loved ones."

Afrique Beat News

Address

Vereeniging Ext 1
1930

Alerts

Be the first to know and let us send you an email when Afrique Beat News posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Afrique Beat News:

Share