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SkyNews
Athletics will become the first sport to introduce prize money at the Olympics this summer.
World Athletics, the international athletics federation, says it will pay Olympic gold medal winners $50,000 (around £39,400) at the Paris games.
The athletics governing body said it is setting aside $2.4m (£1.89m) to pay the gold medallists across 48 events at Paris’ track and field programme.
Relay teams will split the $50,000 between their members.
Payments for silver and bronze medallists are planned to begin at the 2028 Olympics in Los Angeles.
World Athletics President Sebastian Coe said: “The introduction of prize money for Olympic gold medallists is a pivotal moment for World Athletics and the sport of athletics as a whole, underscoring our commitment to empowering the athletes and recognising the critical role they play in the success of any Olympic Games.
“This is the continuation of a journey we started back in 2015, which sees all the money World Athletics receives from the International Olympic Committee for the Olympic Games go directly back into our sport.”
He added: “While it is impossible to put a marketable value on winning an Olympic medal, or on the commitment and focus it takes to even represent your country at an Olympic Games, I think it is important we start somewhere and make sure some of the revenues generated by our athletes at the Olympic Games are directly returned to those who make the Games the global spectacle that it is.”
The payment of prize money will depend upon the World Athletics ratification process, including athletes undergoing and clearing the usual anti-doping procedures.
The modern Olympics originated as an amateur sports event and the International Olympic Committee does not award prize money, though many medallists receive payments from their countries’ governments, national sports bodies or from sponsors.
As well as the various men’s and women’s running races – both with and without hurdles – gold medallists in events including long jump, high jump, triple jump, hammer throw, javelin throw, discus throw, pole vault and shot put will receive the prize money.
Race walking, the women’s heptathlon and men’s decathlon Olympic winners will also receive $50,000.
The International Olympic Committee did not immediately respond to Sky News’ request for comment.
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Below are some images from Harare Central Business District where citizens have started accessing the new currency Zimbabwean Gold (ZIG) notes and coins.
Banks on Tuesday were issuing coins and ZIG10 notes only.
Pictures by Thandiwe Garusa
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Bloomberg
Zimbabwe’s central bank kept its benchmark interest rate unchanged at its first policy meeting since unveiling the gold-backed currency, the ZiG.
Governor John Mushayavanhu said in a statement that the monetary policy committee had held the rate at 20% after receiving positive market reaction to the new currency.
According to Mushayavanhu, the MPC expects currency reforms to help provide “stability, certainty and predictability in the exchange rate and inflation”.
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The MPC also set the interest rate corridor at between 11% to 25%, Mushayavanhu said.
The southern African nation introduced ZiG, short for Zimbabwe Gold on 5 April. The currency is backed by 2.5 tons of gold and $100 million in foreign currency reserves held by the central bank. On the same day, the central bank reset interest rates from 130%, a world record, to 20%.
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By Tapiwa Svondo
Debra Masese (33) has been sentenced to 24 months in prison by the Mutare Magistrates Court for assaulting her 11-year-old daughter with a half brick.
According to the State, Masese hit her daughter with the brick after she found out that she had not cleaned the dishes.
“Debra Masese (33) was arraigned before the Mutare Magistrates’ Court facing physical abuse charges.
“The State proved that sometime in April 2024, the accused person physically assaulted Makanaka Masese her 11-year-old biological daughter with a half brick on the right side of the head. The accused person went to town leaving the complainant with her brother.
“Upon coming back the accused person found out that the complainant had not washed the plates and this enraged the accused person resulting in her hitting the complainant with the brick,” said the prosecution.
Masese took her daughter to a clinic for treatment, but the incident was reported after an anonymous tip-off.
“The complainant fell down and became unconscious and the accused person went with her to the clinic for treatment. The matter came to light after a tip-off was made that the accused person had hit the complainant. The complainant was interviewed and she revealed the truth”.
Masese was then sentenced to 24 months, with 8 months suspended and will serve an effective 16 months in prison.
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