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Fashionable Flair: The Top Looks from Barbie The Movie Premiere in South Africa

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Barbie The Movie

Barbie The Movie is making a BIG entrance, and the Barbie train is still on the move! Warner Music Africa recently hosted a real-life fantasy event at The Mall of Africa to celebrate the South African Premiere of this highly anticipated film, and it was truly magical!


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South Africa’s cutest Barbies and Kens gathered for a fabulous pink parade, showcasing some seriously stylish looks as reported by Bellanaija Style. The event was filled with excitement as Mzansi’s fashion-forward individuals, like Kim Jayde, Andzelo Tivani, and Faith Nketsi, stole the show with their glossy outfits and satin ensembles. These living dolls truly won our hearts, leaving us eagerly onboard for Barbie The Movie’s release in cinemas this year!

 

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41113 mins ago

South African government destroyed R192 billion in a year Efficient Group chief economist Dawie Roodt says the South African government is a massive destroyer of capital. He made the statement during a presentation about the 2025 Budget delivered by Finance Minister Enoch Godongwana on Wednesday, 12 March. “The South African government destroys approximately R200 billion annually by borrowing long-term and spending it on short-term items,” he said. He explained that funding short-term expenditures through long-term borrowing is the same as destroying capital. Ideally, the state should fund short-term expenses through short-term borrowing or available liquid assets. When the state uses long-term borrowing to cover short-term costs, it creates a mismatch in the time horizon of the liabilities. Over time, it leads to financial strain as the debt accumulates interest and becomes more challenging to service. This is exactly what happened in South Africa. Godongwana said in his 2025 budget speech that government debt is expected to reach 76.2% of South Africa’s gross domestic product (GDP) in this financial year. Over the last financial year, debt-service costs amounted to R389.6 billion. This translates to 22 cents of every rand the country raises in revenue. “It is more than what we spend on health, the police and basic education,” Godongwana told parliament. “We must reverse this trend and prevent the cost of debt from draining resources that could otherwise be spent on our pressing social needs or on investing in growth,” he said. However, South Africa is not off to a good start. Debt-servicing costs will increase to R424.9 billion in the next financial year. This 9% increase in South Africa’s interest payments is one of the fastest-growing items in the 2025 Budget. Roodt highlighted that the government also has implicit and explicit debt obligations linked to state-owned enterprises. “There are implicit and explicit that finance minister Enoch Godongwana must include in his outstanding debt estimates. He does not do that,” Roodt said. South Africa has R770 billion in guarantees to state-owned enterprises, which are not included in the debt levels Godongwana shared. Godongwana admitted that taking on additional debt to meet the spending pressures was also not feasible. “The amount is simply too large. The cost of borrowing would be unaffordable,” the minister said in his budget speech. “Our sub-investment credit rating would also make this level of borrowing costlier and put us at risk of even further downgrades.” The government has been exploring strong fiscal policy anchors to help prevent a recurrence of the cycle of high spending, high deficits and high debt. “At present, a primary budget surplus sufficient to stabilise debt has been adopted as the anchor,” he said. “However, the obligation to keep public debt stable is not explicit in South Africa’s legal and regulatory framework.” In this regard, the government is releasing, along with the budget, a discussion document presenting options for such an anchor. The Finance Minister expects the consolidated budget deficit to narrow from 5% of GDP in 2024/25 to 3.5% of GDP in 2027/28. The chart below shows the government deficit, which has been a regular feature over the last fifteen years.

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