News 08:00

BULLETIN 1 October 8 am

Good morning. I am……..

In this bulletin:

# Raymond Zondo says failure to act against wrongdoing risks the weakening of public trust
# The Public Investment Corporation increases its assets under management by a massive 20-percent
# And, the British government believes Iran played a part in the RAF Fairford incident

# Former Chief Justice Raymond Zondo says South Africa continues to struggle with severe institutional weaknesses despite robust constitutional safeguards and comprehensive commission findings. He participated in a panel discussion on building an ethical state at a conference of the South African Association of Public Administration and Management in Durban. Zondo, who led the State Capture Inquiry, says the country must shift from investigating corruption to enforcing direct legal and administrative consequences against individuals found guilty of unethical conduct:

# South Africa’s state-owned asset manager, the Public Investment Corporation, has recorded a massive 20-percent surge in assets under management. The PIC announced that its portfolio has climbed to a record of more than 3.6-trillion-rand for the past financial year. The asset manager credits the historic growth to booming local stock markets and positive investor sentiment under the Government of National Unity. CEO Patrick Dlamini says the robust performance was also driven by strong performance in South African-listed equities, a resurgence in local financial markets, positive investor sentiment and political stability.

# Former GOOD Party member Sarah Mabotsa is demanding answers following her removal as a councillor and Tshwane mayoral committee member for Economic Development and Spatial Planning. The party announced the decision earlier this week, accusing her of breaches of its constitution. GOOD’s co-operation agreement with RISE Mzansi also means the parties have withdrawn Mabotsa as their mayoral candidate for Tshwane ahead of the local government elections. Mabotsa says her removal came after she raised concerns about campaign arrangements, resources and support:

# British prime minister Andy Burnham says there is a strong indication that Iran played a part in the alleged terror plot near RAF Fairford over the weekend. Five British men, aged between 23 and 25, were arrested on suspicion of explosives offences and terrorism, but have since been released. The prime minister’s comments come after US Secretary of State Marco Rubio said on Monday that the incident at the airbase “clearly involved the hands of a foreign actor”. Burnham says the complex investigation is ongoing:

# Soccer: Bafana Bafana thrashed Eritrea 5-0 in the Africa Cup of Nations qualifier in Cairo, Egypt, as they consolidated top spot in Group D with six points from two matches. Relebohile Mofokeng scored a first-half brace to lay the foundation for South Africa. Yaya Sithole, Iqraam Rayners and substitute Luther Singh also found the back of the net in the second half to secure the win. Pitso Mosimane’s charges will now face Egypt in an international friendly at the Cairo International Stadium on Sunday.

# And the financial indicators: The dollar trades at 16-rand-44-cents and the euro at 18-rand-62-cents. One British pound costs 21-rand-79-cents, and Bitcoin trades at 83-thousand-388-dollars. Gold sells at four-thousand-164-dollars-60-cents a fine ounce, and Brent crude oil is quoted at 101-dollars-6-cents a barrel.

Stay tuned for more news………….