News 12:00
BULLETIN 17 July 12 pm
Good afternoon. I am……..
In this bulletin:
# The Reserve Bank governor says the US tariffs will impact South Africa’s auto and agriculture sectors
# TUSAM wants to establish a national monument for whistleblowers
# And rugby: Ten changes for New Zealand for the final Test against France
# Reserve Bank governor, Lesetja Kganyago, is warning the US tariffs will impact South Africa’s automotive and agriculture sectors the most. America is set to impose a 30-percent tariff on exports from South Africa from the beginning of next month. Around 100-thousand jobs in the automotive and agriculture sectors are at risk, including 35-thousand jobs in the citrus sector alone. Kganyago told Reuters it is important for individual countries to tailor their response to the tariffs to suit their economies:
Meanwhile, the DA in the Eastern Cape is calling on premier Oscar Mabuyane to provide a modelled and tested economic mitigation strategy against these tariffs. The party says the 25-percent tariff levelled in April is already having devastating effects on the province’s automotive sector. The DA’s Vicky Knoetze says these new tariffs effectively dismantle the benefits of the African Growth and Opportunity Act, which for years provided South Africa with preferential access to US markets:
# The United South Africa Movement, TUSAM, says a national monument dedicated to whistleblowers and anti-corruption crusaders would serve as a powerful acknowledgement of their sacrifices and importance. The movement is calling on South Africans and anyone who cares about democracy and institutions to sign a petition to honour whistleblowers. TUSAM’s Charmaine Zwieglaar says whistleblowers, known and unknown, have played an indispensable role in refusing to enable or look away from corruption, in exposing it, and in defending the principles of transparency, accountability, and justice.
# Rugby: All Blacks coach, Scott Robertson, has made ten changes for the third and final Test against France in Hamilton on Saturday. Seven players in the matchday-23 have been named for the first time this season. Hooker Brodie McAlister is poised to make his Test debut from the bench. Prop Tyrel Lomax, loose forward Luke Jacobson, and backs Anton Lienert-Brown and Sevu Reece have all returned from injury to take a spot in the starting line-up. Robertson says they are prepared for a determined and spirited French side.
# The financial indicators: The dollar trades at 17-rand-90-cents and the euro at 20-rand-76-cents. One British pound costs 23-rand-95-cents and Bitcoin trades at 118-thousand-312-dollars. Gold sells at three-thousand-330-dollars-42-cents a fine ounce and Brent crude oil is quoted at 67-dollars-86-cents a barrel.
# And finally: Police in India have arrested a man in connection with the death of the world’s oldest marathon runner, Fauja Singh, in a hit-and-run case. The accused was speeding in a SUV when he struck the 114-year-old British-Indian runner. The incident took place in the northern state of Punjab while Singh was out on his afternoon walk. He was a global icon and set records by running marathons across multiple age categories. Singh began running at 89 and ran nine full marathons between 2000 and 2013, when he retired.
Stay tuned for more news………….