News 06:00

BULLETIN 13 November 6 am

Good morning. I am……..

In this bulletin:

# President Ramaphosa says the US boycott won’t stop the G20 summit
# The GOOD Party criticises the ongoing state-owned enterprise bailouts
# And rugby: Edwill van der Merwe expects an unpredictable battle against Italy

# President Cyril Ramaphosa says the US decision to skip the upcoming G20 summit at the Nasrec Expo Centre in Johannesburg is their loss. Speaking on the sidelines in Cape Town after the fifth medium-term budget policy statement, Ramaphosa said the absence of the world’s biggest economy, led by president Donald Trump, will not stop key decisions from being made, adding that boycotts achieve little.

# The GOOD Party says the economy is steady, with debt stabilising at 77.9-percent and a lower inflation target providing relief for investors and households. The party states economic growth is sluggish at 1.2-percent, expected to reach only 1.8-percent by 2028, leaving poverty and inequality unresolved. GOOD secretary-general Brett Herron also criticised the Denel bailout, citing that the government has not done enough to support vulnerable people:

Meanwhile, RISE Mzansi welcomes aspects of the Budget, including the revised three-percent inflation target and SARS’s four-billion-rand boost, which is expected to collect 19.7-billion-rand more in revenue. The party’s Mabina Seabe says concern remains over the low 1.2-percent growth forecast, insufficient to create jobs. He says the organisation urges investment in infrastructure, ethical local government leadership, and well-regulated public-private partnerships to stimulate sustainable growth and economic inclusion:

# The Western Cape MEC for Mobility Isaac Sileku condemns Wednesday’s shooting at Nyanga taxi rank, expressing deep concern over the ongoing violence affecting commuters and local communities. The incident underscores the urgent need for stronger policing, safety measures, and community engagement to curb criminal activity in public transport hubs. Sileku calls on authorities to act swiftly to bring perpetrators to justice and ensure that residents can travel safely:

# Norway says it could support a European Union plan to utilise frozen Russian assets for Ukraine, but will not use its sovereign wealth fund as a sole financial backstop for the scheme. This comes as some members of Norway’s Parliament have proposed that the country’s sovereign wealth fund, the world’s biggest, could offer a guarantee that would cover a potential legal liability. Norway’s Finance minister Jens Stoltenberg says the country, which is not a member of the EU, is already making major financial contributions to Ukraine.

# Rugby: Winger Edwill van der Merwe says the Springboks are expecting a fast-paced, unpredictable battle against Italy in Turin on Saturday. Both teams come off inspiring victories – the Boks roped in France despite a red card to win 32-17, while the Azzurri beat the Wallabies 26-19. Van der Merwe describes Italy as a team whose attacking structure and flair mirror that of Argentine, and ascribes this to Argentinian coach Gonzalo Quesada’s influence. Bok head coach Rassie Erasmus will name his team this afternoon.

# And the financial indicators: The dollar trades at 17-rand-7-cents and the euro at 19-rand-80-cents. One British pound costs 22-rand-43-cents and Bitcoin trades at 101-thousand-924-dollars. Gold sells at four-thousand-196-dollars-11-cents a fine ounce and Brent crude oil is quoted at 62-dollars-46-cents a barrel.

Stay tuned for more news………….