Zimbabwe police arrive at Moreprecission Muzadzi’s home and interrogate his parents. Morepreceision Muzadzi will be in the constitutional court on Monday where he is challenging the ED2030 resolution.
Key Events For Today
1. Cordelia Masalethulini to be buried today
2. Saif Al-Islam Gaddafi has been assassinated
3. ZANU-PF calls for Strategic seminar
4. FIFA warn FISA CEO Nqobile Magwizi over Wicknell Chivayo car
Top Trending news
1. 2. Nadia TV ammasses over 1 billion views
3. Walter Tapfumaneyi visits Kazembe
Business
 1. Mpact recently announced that it is considering the closure of its Springs Paper Mill in Gauteng, a move that could affect approximately 377 employees. This decision follows a formal Section 189A process initiated under the Labour Relations Act. In January 2026, the mill’s largest customer notified Mpact it would no longer procure cartonboard from the facility, opting for imports instead. Due to a global oversupply of cartonboard and recent Rand strength, imported prices are roughly 20% below the mill’s production costs. The mill is expected to remain operational until approximately the end of March 2026 to complete existing orders. Mpact stated it has been unable to bridge the cost gap or secure sufficient alternative demand at sustainable prices.
Industrial Paper & Containerboard: Various paper grades used to create corrugated boxes (produced at the Felixton and Piet Retief mills).
Corrugated Boxes & Trays: A full range of packaging, including Freshpact agricultural trays, retail-ready cases, and point-of-sale displays.
QSR Packaging: Paper bags, cups, lids, and take-away cartons supplied via Detpak South Africa.
Plastics Division
Beverage & Pharma Packaging: PET preforms, bottles, wide-mouth jars, and matching closures for drinks, food, and medicine.
Fresh Food Trays: Punnet and clamshell packaging for fruit and vegetables, plus polystyrene trays and cling film via Mpact Versapak.
Bins & Crates: Large-scale products including Jumbo Bins® for farming, municipal wheelie bins, and plastic pallets from Mpact Plastic Containers.
Recycling & Waste Division
Material Collection: Large-scale collection of paper, cardboard, plastic (PET, HDPE), glass, and beverage cans for processing.
Recycled Feedstock: Baled and sorted materials sold back to paper mills and plastic plants to create new packaging.
On-site Waste Management: Custom solutions for businesses to manage and sort waste at the source, including BiobiN® composting for organic waste.
2. ZAR Universal (ZARU) is a South African Rand-backed stablecoin launched on 3 February 2026. It is designed as an “institutional-grade” digital asset to facilitate faster, 24/7 cross-border payments, remittances, and settlements at a lower cost than traditional banking by a collaboration between Luno, Sanlam Specialised Asset Management, EasyEquities, and Lesaka Technologies. The banker will be standard bank. ZARU is available exclusively to qualified institutional investors via the Luno and EasyEquities trading desks. Allows foreign investors to interact with Rand-denominated value without a local bank account. Operates on blockchain infrastructure, bypassing traditional banking hours. Other xisting stable coins include: ZAR Supercoin (ZARSC): Launched in late 2025 by Super Group, backed by reserves at Absa Bank and deployed on the Solana blockchain and ZARP: An older Rand-pegged token managed by Old Mutual Wealth and available on multiple networks including Ethereum and Polygon. Betway South Africa is slated to be the first major merchant to accept ZARSC for payments and top-ups this quarter.
3. The “TotalEnergies Malawi Case” is a high-stakes legal battle involving a $480 million (approx. K824 billion) claim brought by the Malawi Government and a local firm, Prima Fuels Limited, against the French energy giant. The case centers on a 2001 fuel supply contract . The Malawi Government alleges that TotalEnergies was contractually obligated to pay a 50% rebate on retail margins for fuel drawn from stations, but abruptly stopped these payments in 2006 . The total $480 million claim is split between the Malawi Government ($180 million for unpaid rebates) and Prima Fuels ($300 million). On February 3, 2026, TotalEnergies Marketing Limited officially withdrew its quest for fresh arbitration in South Africa.
Africa
1. Namibian President Netumbo Nandi-Ndaitwah issued a statement categorically denying misleading media allegations that her family, specifically her children, have any direct or indirect interests in the oil and gas sector. She referenced a February 3, 2026, article in The Namibian newspaper by journalists Eliaser Ndeyanale and Martin Endjala, as well as claims by Jemima Beukes, demanding a retraction, public apology, or verifiable evidence. The president emphasized that her children, like all Namibian citizens, have the right to engage in the economy for national development and personal livelihoods, provided it remains lawful.
2. The Zambian Attorney General, Mulilo Kabesha, disclosed on January 29, 2026, that the family has until February 11, 2026, to file their full submissions and grounds of appeal with the court. On December 23, 2025, the SCA granted the Lungu family leave to appeal the previous Pretoria High Court ruling that had ordered the body to be repatriated to Zambia. The Zambian government remains open to an out-of-court settlement and has expressed a desire to bury the former president before the August 2026 general elections. The body has been unburied for eight months (since June 5, 2025). There is no exact date set for the next court appearance in the South African Supreme Court of Appeal (SCA).
Community
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Notes
The South African Rand stablecoin market is divided into three distinct categories based on their primary use:
ZAR Supercoin (ZARSC) – Betting & Retail
Main Use: Used for lower-cost payments and funding on Betway and other Super Group gaming platforms.
Accessibility: Retail users can buy it on Luno; a dedicated “Supercoin” digital wallet is launching in Q1 2026 for merchant payments and airtime top-ups.
Benefit: Reduces transaction fees by bypassing traditional banking rails, targeting a drop in processing costs from ~6% to ~1%.
ZARP Stablecoin (ZARP) – Trading & DeFi
Main Use: Acts as a “parking spot” for crypto traders to lock in profits without leaving the blockchain or converting to physical cash.
Accessibility: Open to retail traders and integrated into Decentralised Finance (DeFi) protocols like Curve and the Keep3r Network.
Benefit: Allows South Africans to earn higher yields (staking) in global DeFi markets while maintaining exposure to the Rand.
ZAR Universal (ZARU) – Institutional Infrastructure
Main Use: Designed for high-speed, 24/7 cross-border settlements and interbank payments between large financial institutions.
Accessibility: Launched on 3 February 2026; currently available only to qualified institutional investors via Luno and EasyEquities trading desks.
Benefit: Modernises financial infrastructure, allowing the Rand to move at “internet speed” while reserves remain securely within the SA banking system at Standard Bank.
