5 important things happening in South Africa today

Here’s what’s happening in and affecting South Africa today:

Coronavirus: Global Covid-19 infections have hit 35.8 million confirmed, with the dying toll reaching 1,048,000. In South Africa, there have been 1,913 new circumstances, taking the full reported to 685,155. Deaths have reached 17,248 (a each day improve of 145), whereas recoveries have climbed to 618,127, leaving the nation with a stability of 49,780 energetic circumstances.

  • Strike: Unions have given the federal government 14 days to answer their calls for, following the nationwide strike on Wednesday. Union federation Cosatu stated that failure to fulfill its calls for would outcome in extra strike motion. The group was joined by different federations in protesting authorities’s failure to honour wage agreements and a bunch of different issues, together with corruption, poor working situations and gender based mostly violence. [Moneyweb]

  • Closing in: National Prosecuting Authority head Shamila Batohi has warned that the times of criminals performing with impunity are drawing to a detailed, because the prosecuting workplace circles in on excessive profile circumstances. She famous that the NPA was tasked with prioritising circumstances, of which 33 have been recognized. The Hawks added extra circumstances, and the NPA is now centered on 87 circumstances. Batohi stated it has been difficult, and the wheels have been turning slowly – however actions in latest weeks present that they’re turning. [TimesLive]

  • VBS Looting: High profile heads are anticipated to fall after former CFO of VBS Mutual Bank, Phillip Truter was sentenced to 10 years in jail this week, having turned state witness to assist bolster the case towards those that orchestrated the looting of over R2 billion from the group’s coffers. Investigative journalists speculate that Truter turned state witness to set the report straight over how a lot of the looting had been attributed to him. He is claimed to have solely managed to steal R2 million from the accounts, off of R5 million supplied. [702]

  • Borderline: Calls for motion towards public works minister Patricia de Lille are rising, because the wasted R40 million at Beitbridge border fence fiasco continues. ANC MPs have referred to as for de Lille to be held accountable for the problem, which falls below her portfolio, saying there may be sufficient proof to put the blame at her toes. Investigations have discovered that the 40km fence was not match for goal and amounted to wasteful spending. The ANC MPs stated that de Lille issued an unlawful directive. [News24]

  • Markets: The rand stays regular, buying and selling inside the R16.55/R16.72 vary for essentially the most half. The in a single day session noticed little motion, at the same time as hope of focused US stimulus offered some upbeat sentiment. Markets can be maintaining a tally of native manufacturing information today, in addition to US jobless claims. On Thursday, the rand is buying and selling at R16.66 to the greenback, R19.57 to the euro and R21.51 to the pound. Commentary by Peregrine Treasury Solutions. [XE]


Back to top button