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South Africa says all states must stop funding Israel’s military

South Africa says all states must stop funding Israel’s military

ALL states have an obligation to stop funding and facilitating Israel's military actions in Gaza after the World Court made clear those actions could be genocidal, South Africa's foreign minister said. The International Court of Justice (ICJ) last week ordered Israel to take all measures within its power to prevent its troops from committing genocide and take steps to improve the humanitarian situation of Palestinians in Gaza, in a case brought by South Africa. It stopped short of demanding a ceasefire and has not yet ruled on the core of South Africa's case, whether genocide has occurred in Gaza. That ruling could take years.…
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South Africa’s Nedbank to stop funding new coal mines

South Africa’s Nedbank to stop funding new coal mines

SOUTH Africa's Nedbank has announced that it will stop financing new thermal coal mines from 2025 and cut direct funding of new oil and gas exploration projects with immediate effect, amid growing pressure on banks from climate activists. South Africa's lenders - some of the biggest banks on the continent - are facing pressure from environmental groups to stop funding fossil-fuel power projects that are seen as a major risk to global plans to tackle climate change. South Africa, the continent's biggest greenhouse gas emitter, gets most of its power from coal-fired power stations. Nedbank, one of the country's four…
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