News 12:00

BULLETIN 28 October 12 pm

Good afternoon. I am…….

In this bulletin:

# The ANC vows to fight against electricity tariff increases
# The Competition Commission recommends the prohibition of the Sun International and Peermont merger
# And rugby: George Ford is one of three players called up to the England squad for the All Blacks Test

# The ANC has announced its opposition to any rise in electricity tariffs. During a media briefing at the ANC’s national executive committee meeting in Boksburg, Economic Transformation Committee chairperson Mmamaloko Kubayi emphasised that electricity must remain affordable. She highlighted the party’s commitment to protecting households and stabilising the sector by ensuring subsidies for vulnerable South Africans to mitigate rising costs:

# The Competition Commission has recommended that the Competition Tribunal prohibits the proposed transaction whereby Sun International Limited intends to acquire Peermont Holdings. Both are involved in casino gambling. The commission’s spokesperson, Siyabulela Makunga, says they found that the proposed merger is likely to substantially prevent or lessen competition in the provision of casino services in central Gauteng and the rest of South Africa:

# US vice president Kamala Harris has accused former president Donald Trump of waging a selfish campaign of vengeance, while she and her supporters work toward a better future for all Americans. She campaigned in Pennsylvania, a crucial swing state, ahead of the November 5 presidential elections. Almost 42-million Americans have already voted ahead of polling day. Harris says the elections are an opportunity to turn the page on the fear and divisiveness that have characterised American politics:

# Rugby: England head coach Steve Borthwick has called up veteran flyhalf George Ford, Alex Coles, and Ted Hill to the 36-player squad ahead of their international opener against New Zealand at Twickenham on Saturday. Ford was required to prove his fitness after suffering a quad injury while playing for Sale. Ollie Chessum has been ruled out of the Test due to a knee injury while Charlie Ewels is currently following return-to-play protocols. The match is the first of four fixtures for England who also play Australia, South Africa, and Japan.

# The financial indicators: The dollar trades at 17-rand-64-cents and the euro at 19-rand-7-cents. One British pound costs 22-rand-88-cents and Bitcoin trades at 68-thousand-458-dollars-82-cents. Gold sells at two-thousand-740-dollars-42-cents a fine ounce and Brent crude oil is quoted at 75-dollars-91-cents a barrel.

# And finally: Nvidia dethroned Apple as the world’s most valuable company in the world following a record-setting rally in the stock, powered by insatiable demand for its specialised artificial intelligence chips. Nvidia’s stock market value briefly touched 3.53-trillion US dollars, slightly above Apple’s 3.52-trillion, according to data from the London Stock Exchange Group. The Silicon Valley chipmaker is the dominant supplier of processors used in Artificial Intelligence computing, and the company has become the biggest winner in a race between Microsoft, Alphabet , Meta Platforms and other heavyweights to dominate the emerging technology.

Stay tuned for more news………….