1. Another South African construction company has just gone bust. Group Five followed Basil Read in filing for bankruptcy protection. 

Group Five's lenders refused to give the company any more financing. The company has a massive debt burden after a failed project in Ghana, and hasn't secure many orders in a weak local economy.

2. Deputy president David Mabuza lashed out at finance minister Tito Mboweni in parliament yesterday, following a question about Eskom's privatisation. 

"Whatever the minister of finance said related to privatisation ... is the opinion of the minister. There is no government position on the privatisation of Eskom. When you are in the state you cease to be an individual. You don’t just stand up and say whatever you want to say," said Mabuza.

During a briefing before his first national budget speech in February, Mboweni said he saw no point in government holding onto and supporting ailing entities when they could instead be released or closed down altogether.

3. The UK government is facing renewed turmoil after prime minister Theresa May lost another key vote on her Brexit deal. Next: MPs will have to vote between no-deal Brexit and delaying departure from EU.

The EU's chief Brexit negotiator Michel Barnier warned against the "dangerous illusion" that the UK could benefit from a no-deal transition period.

4. President Cyril Ramaphosa returned from a visit to Zimbabwe without pledging a bailout for that country. However, he did endorse President Emmerson Mnangagwa, and asked for an end to Western sanctions against Zimbabwean officials.

5. Here's something we haven't seen a lot of recently: The market liking a set of results.

FirstRand posted a 7% increase in profits for the six months to December. While RMB and Wesbank lagged, FNB performed well.

Its share price rose by 2% yesterday.

firstrand
FirstRand share price. Source: Fin24

14 breathtaking photos of some of the world's best scuba diving locations

Carrie Miller, '100 Dives of a Lifetime'

  • Whether it's your first time in open water or the hundredth entry in your logbook, these scuba locations provide the ultimate bucket list for explorers, adventurers, and ardent scuba divers no matter their skill level.
  • Each location offers a once-in-a-life-time opportunity to explore the magic of our world's oceans - from an armchair or with scuba gear in tow.
  • From the Bahamas, to the Azores, to Antartica, here are some of the best scuba locations in the world.

Editor's Note: The following are images from "100 Dives of a Lifetime" by Carrie Miller. Explore 100 breathtaking scuba diving sites across 60 countries and 6 continents through stunning National Geographic photography, expert tips, and cutting-edge travel advice.

You can purchase "100 Dives of Lifetime" by Carrie Miller here.


The gem of Rapid Bay Jetty: a leafy seadragon in south Australia

Nadia Aly/National Geographic

Tubbataha is home to 90% of the coral species native to the Philippines

Steve De Neef/National Geographic

Caribbean reef sharks patrol the national marine park’s waters in Cuba

David Doubilet/National Geographic Creative

The shipwreck’s massive hull offers plenty for divers to explore

Mauricio Handler/National Geographic Creative

A diver captures underwater photos of the rich coral reefs in Indonesia's Wakatobi National Park

Nadia Aly

Caribbean reef sharks circle a diver exploring the wreckage in the Ray of Hope wreck

Nadia Aly

A diver passes a school of fish on a dive in Kona

Jason Lafferty

The stunning neon pattern of a giant hawkfish in Mexico

Alex Mustard

Brown boobies check underwater for lunch in Cocos Island

Matty Smith

A dusky grouper explores the reefs in the Azores

Franco Banfi

The beach’s namesake shark patrols the reef in Tiger Beach

Brian Skerry

Divers prepare to descend from the landing dock of Devil’s Den

Jeremy Rodriguez

Divers explore the fascinating underwater ice formations in Antartica.

Franco Banfi

Before you dive, take in the Great Blue Hole from the sky in Belize

Brian Skerry/National Geographic Creative

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