Monday, August 03

Zimbabwe President Mnangagwa Challenges Ramaphosa To Be More Forceful On Xenophobia Attacks

Cape Town(New Ziana)-President Emmerson Mnangagwa on Tuesday urged the South African government to deal with on-going xenophobic attacks being perpetrated against African foreigners by its citizens.
Speaking at a dinner event hosted in his honor by the Zimbabwe Diaspora Business Forum here, President Mnangagwa said the South African government should use a bit of force to quell the xenophobic attacks.
“I have no doubt that the authorities here will not fold hands. They must bring sanity and to do so, they must apply a bit of force,” he said.
President Mnangagwa’s remarks come as he joined other African leaders here to attend the 28th session of the World Economic Forum (WEF) for Africa which opens here on Wednesday.

South Africa has been hit by an outbreak of xenophobic violence in its biggest city, Johannesburg attracting criticism from other African nations in the week political and business leaders from at least 28 countries gather in Cape Town for WEF.

The spate of violence that broke out in suburbs south of Johannesburg’s city centre on Sunday and spread to the central business district on Monday saw the destruction of mainly foreign-owned shops and business premises, cars and properties.

Speaking at the same event, Zimbabwe Diaspora Business Forum chair Terry Mhungu condemned the xenophobic attacks.
“The continued xenophobia is a cause for concern for us here. We call on South Africa to exercise maximum force to protect foreigners living here. Xenophobia diminishes our ability as Sadc (Southern African Development Community) to fight poverty,” he said.

South Africa’s President Cyril Ramaphosa earlier on Tuesday vowed to clamp down on what he described as “acts of wanton violence”.

“I condemn the violence that has been spreading around a number of our provinces in the strongest terms. I’m convening the ministers in the security cluster today to make sure that we keep a close eye on these acts of wanton violence and find ways of stopping them. The people of our country want to live in harmony; whatever concerns or grievances we may have, we need to handle them in a democratic way. There can be no justification for any South African to attack people from other countries,” he said.

The South African police said at least five people, mostly locals were killed in the xenophobic attacks while 91 were arrested in connection with the violence.

South Africa is a major destination for economic migrants from other parts of the continent, including the Southern Africa region, with many moving from neighbouring Lesotho, Mozambique and Zimbabwe in search of work.

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Student Loan Refinancing: Smart Financial Strategies for Graduates

Student loan debt continues to affect millions of graduates worldwide, making refinancing an attractive option for borrowers seeking better repayment terms. Student loan refinancing combines existing loans into a single new loan with updated interest rates and repayment conditions. Many borrowers refinance to reduce monthly payments, simplify debt management, and lower overall interest costs.

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Private lenders often offer competitive refinancing rates to borrowers with strong credit histories and stable income. Some lenders also provide flexible repayment schedules, autopay discounts, and personalized loan terms designed to support long-term financial planning. Graduates working in high-income professions may qualify for lower interest rates that significantly reduce repayment costs.

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Borrowers should carefully consider the differences between federal and private student loans before refinancing. Federal loans often include valuable benefits such as income-driven repayment plans, deferment options, and loan forgiveness programs. Refinancing federal loans into private loans may eliminate access to these protections permanently.

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Financial advisors recommend comparing multiple lenders, reviewing loan conditions carefully, and understanding long-term repayment obligations before refinancing student loans. Responsible debt management and consistent payments can improve financial health while reducing financial stress for graduates and working professionals.

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Best Credit Cards For Balance Transfers

A balance transfer credit card can help you pay down high-interest credit card debt faster. These cards often offer a low or 0% introductory APR for a limited time, allowing more of your payment to go toward the balance instead of interest.

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The best balance transfer credit card depends on the length of the intro APR period, transfer fee, regular APR, credit limit, and your payoff plan.

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A longer 0% APR period gives you more time to pay off the debt without interest. However, many cards charge a balance transfer fee, often a percentage of the amount transferred. You should calculate whether the interest savings are greater than the fee.

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Balance transfers work best when you have a plan. Divide your total balance by the number of months in the promotional period. This tells you how much you need to pay each month to clear the debt before interest begins.

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For example, if you transfer $6,000 and have 18 months of 0% APR, you would need to pay about $334 per month to pay it off before the promotional period ends.

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Avoid using the new card for extra purchases. New spending can make it harder to pay down the balance and may not qualify for the same promotional terms.

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Your credit score matters. The best balance transfer cards usually require good or excellent credit. If your credit is limited or damaged, you may not qualify for the longest promotional offers.

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A balance transfer card can save money, but only if you stay disciplined. If you miss payments, your promotional APR could end, and fees may apply.

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The best card is not just the one with the longest 0% period. It is the one that matches your payoff timeline, fees, and financial discipline.

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