News 08:00

BULLETIN 24 September 8 am

Good morning. I am……..

In this bulletin:

# The Reserve Bank expects inflation to return to three-percent by the end of 2027
# The US Secretary of State says it will be hard work to strike a deal with Iran
# And the NSRI marks Heritage Day with nearly six decades of rescue work

# The South African Reserve Bank sees inflation returning to the three-percent target by late next year, despite a near-term rise driven by higher fuel prices. According to the bank, food inflation remains low, while global conflicts, oil prices and other supply problems continue to pose risks. Governor Lesetja Kganyago told the media that the bank remains focused on bringing inflation back to target and managing risks from global economic conditions:

Meanwhile, KPMG lead economist Frank Blackmore says the drop in core inflation to 4.1-percent in August is a positive sign, after core inflation had been rising in recent months. However, Blackmore states higher oil and fuel prices are putting upward pressure on transport costs, adding to overall inflation. He added that housing and utilities remain the biggest contributors to inflation, while transport costs are also rising due to higher oil prices:

# Build One South Africa says it will run a clean and honest campaign ahead of the 4 November local government elections. BOSA is contesting 24 municipalities with 794 candidates. Speaking at the signing of the electoral code of conduct, party leader Mmusi Maimane says voters should be free to choose the party that best reflects their priorities, without being pressured into voting for a larger party.

# US Secretary of State Marco Rubio says a deal with Iran would involve hard work over a period of time. President Donald Trump warned that he faces a decision between annihilating Tehran and making a deal to end the war. Delegations from both countries held talks through mediators on the sidelines of the United Nations General Assembly in New York on Tuesday. Rubio says there is consensus that Iran is a malign force in the Middle East:

# Cricket: Veteran Protea batter David Miller says they won’t look too far ahead to next year’s one-day World Cup in Southern Africa when the first of three one-day matches against Australia is played in Durban today. He says although World Cup places will be on their minds, they should rather concentrate on beating the old foe in an ODI series for the sixth consecutive time. Miller says the series is incredibly important to make sure South Africa continues to play a winning brand of cricket.

# And finally: The National Sea Rescue Institute is marking nearly 60 years of saving lives on South Africa’s waters, with celebrations coinciding with Heritage Day and World Maritime Day. The NSRI was founded in 1967 after 17 fishermen died off Stilbaai in 1966, prompting Simon’s Town teacher Patti Price to campaign for a sea rescue service. The organisation operates 43 rescue stations across eight provinces.

Stay tuned for more news………….