News 15:00

BULLETIN 2 July 3 pm

Good afternoon. I am……..

In this bulletin:

# Standard Bank customers report an alleged security breach and the loss of funds
# The Minerals Council is to engage in a national dialogue to address critical challenges
# And rugby: Rassie Erasmus includes lots of World Cup experience in the Bok squad to face Ireland

# Standard Bank customers have reported alleged massive security breaches on social media. Numerous clients reported fraudulent transactions and missing funds. Many customers say they are unable to block their cards through the app, complaining of long call centre queues and the inability to reach the fraud hotline. It is still unclear what caused the security breach. Standard Bank has experienced multiple system outages in recent years, prompting leadership changes to improve IT stability and operations.

# The Minerals Council South Africa says it will actively engage in the upcoming national dialogue to address critical challenges in energy, transport logistics, crime and corruption. The council believes separating the Minerals and Energy portfolios will enhance focus on legislative improvements to boost mining investments. The council’s Tebello Chabana looks forward to working with the new government to promote a safe, modern, and investment-friendly mining industry, foster sustainable economic growth, and tackle poverty and inequality:

Meanwhile, the Democratic Nursing Organisation of South Africa has expressed confidence in Health minister Aaron Motsoaledi’s re-appointment and leadership. General secretary Kwena Manamela hopes for improved relations and swift implementation of the National Health Insurance. Manamela emphasises addressing challenges and improving the nursing sector, particularly with the looming retirement of half the nursing workforce:

# The Asset Forfeiture Unit has seized a luxury Jaguar SUV and two properties worth 25.5-million-rand linked to former eThekwini mayor Zandile Gumede. She and 21 co-accused face charges of fraud, corruption, money laundering, and racketeering for alleged irregularities involving a 320-million-rand waste removal tender. The unit claims the seized properties were funded through payments to the company El Shaddai, one of four firms involved in the tender. The trial is ongoing at the KwaZulu-Natal High Court in Durban.

# Rugby: Springbok coach Rassie Erasmus named an experienced squad featuring 20 World Cup-winners for their first Test against Ireland at Loftus Versfeld on Saturday. The team shows eight changes to the one that defeated Wales 41-13 in London 10 days ago. Erasmus welcomed back captain Siya Kolisi, Willie le Roux, Cheslin Kolbe, Kurt-Lee Arendse, Handré Pollard, Marco van Staden, RG Snyman and Gerhard Steenekamp. Utility back Sacha Feinberg-Mngomezulu was included on the bench:

# And the financial indicators: The dollar trades at 18-rand-49-cents and the euro at 19-rand-82-cents. One British pound costs 23-rand-39-cents and Bitcoin trades at 62-thousand-603-dollars-60-cents. Gold sells at two-thousand-324-dollars-75-cents a fine ounce and Brent crude oil is quoted at 87-dollars-27-cents a barrel.

Stay tuned for more news………….