In case you missed it: Ramaphosa on Middle East crisis | B-BBEE abandonment not an option | City Power gains R1bn in revenue

In the news today, President Cyril Ramaphosa has called on all nations to show restraint after the United States and Israel launched strikes against Iran on Saturday. Meanwhile, Deputy President Paul Mashatile insisted that scrapping B-BBEE is off the table, urging stronger enforcement and reforms to fix implementation issues. Furthermore, City Power announced it has collected over R1 billion in revenue after taking over billing from the City of Johannesburg as part of efforts to stabilise its finances.

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President Cyril Ramaphosa has called for calm and restraint following the US and Israel’s strikes on Iran, and Iran’s subsequent missile retaliation. He emphasised that all parties should prioritise diplomacy and respect international law to prevent further escalation. Ramaphosa’s spokesperson Vincent Magwenya, said the president has expressed “deep concern” regarding the escalation of tensions in the Middle East. “These developments pose a serious threat to regional and international peace and security, with far-reaching humanitarian, diplomatic and economic consequences.” Deputy President Paul Mashatile reiterated that abandoning broad-based black economic empowerment (B-BBEE) is not on the table, despite widespread criticism over its uneven implementation and ongoing challenges such as fronting.