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Fri 11th Feb 2022
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Fri 11th Feb 2022
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NEWSFLASH NEWS AGENCY 11 February 6 am

Good morning,

In this bulletin:

# President Cyril Ramaphosa says the national state of disaster will end soon
# Shell and BP halt operations at Sapref
# And, the police officer who allegedly killed his nurse girlfriend is charged with murder

# President Cyril Ramaphosa says it is his intention to end the national state of disaster soon. He delivered the state of the nation address at the Cape Town City Hall yesterday evening. On the 15th of March 2020, the president declared a national state of disaster to enable the government to develop a coordinated disaster management mechanism to mitigate Covid-19. Ramaphosa says ending the state of disaster will be good for the economy:

Play sound: ENG-RamaphosaOnStateOfDisaster

Ramaphosa says the government has decided to extend the 350-rand Special Relief of Distress grant for one further year, to the end of March next year. He says any future support must pass the test of affordability, and must not come at the expense of basic services or at the risk of unsustainable spending:

Play sound: ENG-RamaphosaOnGrant

# BP and Shell has announced it will stop operations at Sapref in KwaZulu-Natal indefinitely from next month as they ponder the future of the refinery. They say in a joint statement the decision has been taken to allow an informed finalisation on the various options available to shareholders. The statement says Sapref shareholders are unable to commit to further investment in the refinery. Sapref is the largest crude oil refinery in Southern Africa and accounts for 35-percent of South Africa’s refining capacity.

# The police officer who allegedly shot dead his girlfriend, who was a nurse at Tembisa Hospital, has been charged with murder. The constable arrived at the hospital in a state vehicle that was fitted with blue lights and called Lebo Monene to come out to the parking lot where he then shot her. He then turned the gun on himself and was rushed to Milpark Hospital in a stable condition. Gauteng police commissioner Elias Mawela says he is disheartened that one of their own is accused of perpetuating a horrible crime against a woman.

# Vaccine product sales and profit margins are set to drop this year as the Covid-19 pandemic recedes. According to vaccine manufacturer AstraZeneca, total revenue from coronavirus medicines is anticipated to decline by at least 20-percent. The company adds its net profit tumbled last year, hit by costs arising from the vast takeover of US biotech firm Alexion. AstraZeneca rapidly developed a successful jab during the pandemic that generated full-year sales of almost 60-billion-rand last year.

# Cricket: The North West Dragons saw off the challenge of the Knights in just over ten overs in their CSA T20 Challenge match in Gqeberha. The Free State team could only muster 94 for nine in their 20 overs after three batters were run out. Patrick Kruger’s 20 was the highest individual score, and Johannes Diseko and Senuran Muthusamy both took two wickets. The Dragons reached the target in their 11th over with just two wickets down. In yesterday’s other match at St George’s Park, the Lions beat the Dolphins by eight runs.

# And the financial indicators: The dollar is trading at 15-rand-17-cents and the euro at 17-rand-30-cents. One British pound costs 20-rand-55-cents and Bitcoin trades at 43-thousand-432-dollar-3-cents. Gold is selling at one thousand-824-dollars-66-cents a fine ounce and Brent crude oil is quoted at 91-dollars-1-cents a barrel.

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