Latest news with #iol
IOL News
11 hours ago
- Business
- IOL News
Two winners share R78. 9 million Lotto jackpot
iol Two people have bagged the R78,977,677.80 Lotto jackpot from the June 18, 2025, draw. Two people have bagged the R78,977,677.80 Lotto jackpot from the June 18, 2025, draw. According to the National Lottery, each person will walk away with R39,488,838.90. The first winning ticket was purchased through a banking app with a R200 wager using the quick pick selection method. The second winning ticket was purchased at a Day and Night Superstore in Johannesburg, with a R30 wager using the quick pick selection method. Ithuba said the the winner who played via a banking platform has been notified of their winnings by their bank and the operator urges in-store participants to check their tickets. Ithba CEO Charmaine Mabuza said:"This draw not only produced one multi-millionaire, but two. "Both winners will walk away with significant amounts of money that will undoubtedly change their lives." She said the winner service team is eagerly awaiting the arrival of these winners and is ready to help and support them every step of the way. Ithuba said to help winners enjoy lasting benefits from their winnings, Ithuba offers access to certified financial experts who provide valuable financial insights for winners of R50,000 and above. "Our objective is to empower winners tomake informed decisions and secure their financial future, ultimately changing their lives forever through their winnings." All winners have 365 days from the draw date to claim their winnings. IOL News
IOL News
13-06-2025
- Business
- IOL News
Oil prices soar, stocks slide after Israel strikes Iran
iol Rescue teams work outside a heavily damaged building, targeted by an Israeli strike in the Iranian capital Tehran on June 13, 2025. Israel carried out strikes against Iran early on June 13, targeting its nuclear and military sites as well as residential buildings in Tehran, after US President Donald Trump warned of a possible "massive conflict" in the region. (Photo by AFP) Image: AFP Oil prices soared and stocks sank Friday after Israel launched strikes on nuclear and military sites in Iran, stoking fears of a full-blown war. Oil futures rocketed more than 13 percent at one point, reaching the highest levels since January and reigniting worries about a renewed spike to inflation. Fears of a higher-cost environment sent share prices sliding for a majority of companies across Asia and Europe. Energy majors jumped, however, as despite a pullback heading into the Wall Street open, crude was still up by around 8.5 percent. The dollar jumped, while gold -- viewed as a safe haven investment -- was close to its record high of above $3,500 an ounce set in April. "Global markets are being rattled by an escalation of Middle East tensions," noted Richard Hunter, head of markets at trading group Interactive Investor. 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 Next Stay Close ✕ Ad loading "Asian markets were the first to react to the news overnight, with (stock market) declines across the board." Europe followed suit, with almost all the continent's stock indices in negative territory nearing the half-way stage. Iran called Israel's wave of strikes a "declaration of war", after the Israeli military hit about 100 targets including nuclear facilities and killed senior figures, among them military chiefs and top nuclear scientists. US President Donald Trump told Fox News he had prior knowledge of the Israeli strikes, which Israel said involved 200 fighter jets. Trump also stressed that Tehran "cannot have a nuclear bomb". Iran's supreme leader Ayatollah Ali Khamenei warned Israel it faced a "bitter and painful" fate over the attacks, while the Iranian military said there were "no limits" to its response.
IOL News
13-06-2025
- Politics
- IOL News
China 'deeply concerned' over Israeli strikes on Iran
iol Rescue teams work outside a heavily damaged building, targeted by an Israeli strike in the Iranian capital Tehran on June 13, 2025. Israel carried out strikes against Iran early on June 13, targeting its nuclear and military sites as well as residential buildings in Tehran, after US President Donald Trump warned of a possible "massive conflict" in the region. (Photo by AFP) iol Rescue teams work outside a heavily damaged building, targeted by an Israeli strike in the Iranian capital Tehran on June 13, 2025. Israel carried out strikes against Iran early on June 13, targeting its nuclear and military sites as well as residential buildings in Tehran, after US President Donald Trump warned of a possible "massive conflict" in the region. (Photo by AFP) China is deeply concerned about Israeli attacks on Iran and calls on relevant parties to act in ways conducive to regional peace and stability, a Chinese Foreign Ministry spokesperson said on Friday. China stands ready to play a constructive role in helping to cool down the situation, spokesperson Lin Jian said at a regular press briefing. IOL
IOL News
31-05-2025
- Business
- IOL News
SA faces looming lottery blackout after Pretoria High Court dismisses Ithuba bid
iol South Africa at risk of lottery shutdown after court rejects Ithuba's plea Image: File South Africa may soon experience a temporary lottery blackout, following a significant ruling from the Pretoria High Court that dismissed the National Lotteries Commission's (NLC) urgent application to extend Ithuba Holdings' operating licence beyond its impending expiry on May 31. The court's decision raises serious uncertainty about the future of the national lottery, a vital service that supports numerous community initiatives across the country. On Thursday, IOL News reported that Ithuba, the current operator tasked with managing the national lottery, is now evaluating its legal options in response to the recent decision taken to award the next operating licence to Sizakhaya Holdings. Ithuba has voiced its concern that this decision undermines the considerable advancements it has made in creating a locally focused lottery ecosystem, one that prioritises small business growth, job creation, and maximising revenue for charitable causes. The company expressed particular discontent in a statement released earlier this week, indicating that Tau's decision goes against the principles of localisation and inclusive economic growth detailed in its Request for Proposal. As a fully South African-owned and Black-empowered entity, Ithuba has heavily invested in the development of an African Central Lottery System that is both owned and designed by South Africans to serve the continent. 'Ithuba Holdings has the necessary infrastructure, financial resources and distribution systems to deliver a seamless, secure and uninterrupted National Lottery,' stated Michelle van Trotsenburg, Ithuba's head of marketing and corporate affairs. She added, 'Our game portfolio is locally developed, our operational model prioritises economic inclusion, and our reach extends across urban and rural communities, ensuring accessibility for all South Africans from day 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 Next Stay Close ✕ Ad loading Judge Omphemetse Mooki presided over the case, pointing out the deficiencies in the NLC's claims. Mooki argued that the commission's assertion indicating that there would be no lottery operator for a full year following Ithuba's exit was exaggerated, stating, 'It would be a surprise to the court that the minister is unable to appoint an operator, on a temporary basis, for a whole year.' He also emphasised that the minister holds broader discretion in selecting a temporary operator compared to a permanent one, asserting, 'I do not accept that the sky will fall after June 2025 should Ithuba Holdings refuse to sign an agreement to conduct lottery operations as determined in the order of May 21, 2025.' Mooki concluded that the NLC had failed to substantiate its case for the relief sought. Ultimately, while Mooki acknowledged the urgency of the application, he ruled against it, ordering both the National Lotteries Commission and Ithuba to shoulder the legal costs, including those associated with three counsel.
IOL News
28-05-2025
- IOL News
PICS: Gucci slippers, Le Creuset pots and Louis Vuitton dupes discovered in Durban port bust
iol Police in KZN seized counterfiet Le Creuset pots and Gucci slippers at a depot in Edwin Swales on Tuesday afternoon. Police in KwaZulu-Natal have seized counterfeit goods with a street value of R400 million. The raid was made on Tuesday afternoon at a freight depot in Edwin Swales, south of Durban. KZN police spokesperson Robert Netshuinda said SAPS members were conducting a routine cargo profiling when they found two containers that contained counterfeit designer clothes, jewellery, and kitchenware. "Both containers were fraudulently declared to be carrying furniture.
