News 07:00

BULLETIN 12 June 7 am

Good morning. I am……..

In this bulletin:

# The DA says the adoption of the fiscal framework must be followed by bold reforms
# Donald Trump endorses the US-China trade deal
# And rugby: The Bok Women record their second consecutive victory at the Africa Women’s Cup

# The DA says the adoption of the 2025 fiscal framework and revenue proposals is a moment to push even harder for real economic reform that streamlines government, creates jobs, and delivers growth. A total of 268 members of Parliament voted in favour of the adoption, 88 voted against it, and two abstentions. The DA’s, Mark Burke, says they will continue to fight for the kind of economic reforms that fix ports, tackle load-shedding, and end wasteful spending:

Meanwhile, the EFF says it rejected the framework and report as a project, which would condemn South Africans to considerable tax burdens, courtesy of the ANC. The EFF’s Treasurer General, Omphile Maotwe, says the framework, adopted through procedural violations, offers no plan for job creation, no stimulus, and no bailout for collapsing municipalities:

# The South African Social Security Agency has acknowledged concerns raised by the Universal Basic Income Coalition regarding grant verification processes. SASSA says these checks align with legal requirements and aim to prevent fraud, especially where applicants fail to report income changes. Around 58-thousand payments were delayed, not suspended, pending review. SASSA urges affected beneficiaries to update their contact details and confirms that no grants will be cancelled without proper notice and opportunity for appeal.

# Metalworkers union Numsa is demanding compensation for communities devastated by floods in the Eastern Cape. At least 40 people have died and dozens more have been displaced. The union welcomes food and shelter support, but says more needs to be done to help people rebuild their lives. Numsa spokesperson Phakamile Hlubi-Majola says working-class families are bearing the brunt of climate change and blames multinational corporations for prioritising profit over the environment:

# US president Donald Trump has endorsed a US-China trade deal that was struck following two days of talks in London. The deal revived a trade truce agreed in Geneva last month that subsequently failed because of differences over Chinese rare earth exports and US export controls. On his Truth Social, Trump stated that the deal would enable America to obtain magnets and rare earth minerals from China, while Chinese students could take their places at American colleges. He added that the deal is subject to final approval from president Xi Jinping and himself.

# Rugby: The Springbok Women defeated Kenya 19-12 to record their second consecutive victory in the Rugby Africa Women’s Cup in Madagascar. The defending champions, who thrashed Uganda 62-7 in their tournament opener, scored three tries and managed two conversions. South Africa’s final match of the campaign is against the host nation, Madagascar, on Sunday. Bok Women assistant coach, Franzel September, says they needed those minutes in the legs of some of the players who are in World Cup contention:

# And the financial indicators: The dollar trades at 17-rand-69-cents and the euro at 20-rand-39-cents. One British pound costs 24-rand-4-cents and Bitcoin trades at 108-thousand-386-dollar-10-cents. Gold sells at three-thousand-374-dollars-83-cents a fine ounce and Brent crude oil is quoted at 68-dollars-92-cents a barrel.

Stay tuned for more news………….