News 09:00

BULLETIN 3 May 9 am

Good morning. I am……..

In this bulletin:

# Cosatu condemns the DA’s attacks on the rights of workers
# BHP has deployed a team of senior executives to South Africa
# And Olympics: Fears are increasing that refuse collectors will strike during the Paris Games

# Cosatu says it condemns the DA’s ill-informed attacks on the rights of workers. DA leader John Steenhuisen accused Cosatu of being silent when government jobs were allegedly reserved for ANC cadres, and when Black Economic Empowerment deals were being given to the politically connected. Cosatu’s acting national spokesperson, Matthew Parks, says workers cannot trust the DA with their lives and rights:

# Mining giant BHP has deployed a team of top executives to South Africa in a bid to woo government, domestic investors, regulators, and local shareholders. Last week, Anglo-American rejected BHP’s proposed takeover offer, saying the opportunistic proposal significantly undervalues the company. The Australian mining giant has proposed an all-share takeover of Anglo-American that values it at about 740-billion-rand. BHP says its proposal was not an indictment of the country but is based on portfolio and commodity considerations.

# ANC former deputy president Kgalema Motlanthe will lead the ruling party’s election campaign trail in Soweto and Ekurhuleni today and tomorrow respectively. He will be persuading voters to give the ANC another term in power after the 29 May elections. Meanwhile, former president Thabo Mbeki will be campaigning in Soshanguve, Tshwane today. Mbeki says he has an obligation to play his part for the ANC and engage the citizens.

# Zimbabwe is hosting its 2024 Investment Summit at Kempton Park, gathering key stakeholders to explore the country’s economic and investment opportunities. Themed ‘People You Can Invest In,’ the event highlights Zimbabwe’s skilled workforce and attractive investment prospects, particularly in tourism, mining, and agriculture. Zimbabwe’s Ambassador to South Africa, David Hamadziripi, says foreign direct investment has surged, with significant growth anticipated in various sectors:

# Olympics: Fears are increasing a strike may lead to rubbish piles on the sidewalks of Paris during the Games. This follows after collectors threatened labour action over the European summer, with union CGT saying its members are unhappy because municipal police members are getting a bonus while they aren’t while working for the same employer. A three-week strike by rubbish collectors led to over 10-thousand tonnes of waste piling in the streets of the French capital last year.

# And the financial indicators: The dollar trades at 18-rand-54-cents and the euro at 19-rand-91-cents. One British pound costs 23-rand-28-cents and Bitcoin trades at 59-thousand-815-dollars-41-cents. Gold sells at two-thousand-303-dollars-13-cents a fine ounce and Brent crude oil is quoted at 83-dollars-94-cents a barrel.

Stay tuned for more news………….