NEWSFLASH NEWS AGENCY 24 November 3 pm
In this bulletin:
# Sipho Pityana is fired as a director of Absa with immediate effect
# The DA requests the Public Protector to investigate another Magashule project
# And Rugby: The Bulls’ loose forward Arno Botha is looking forward to catching up with old mates in Saturday’s clash
# Sipho Pityana has been fired as a director of Absa’s board with immediate effect. Yesterday, the board questioned Pityana on allegations he had derelict the performance of his functions as a director and had failed to conduct himself in the interest of Absa. The banking group says the board concluded the pursuit of his personal interests at the cost of Absa created a sustained and irresolvable conflict. Pityana, is reportedly taking the Prudential Authority to court on allegations that they blocked his appointment as Absa chairperson.
# The DA in the Free State calls on Public Protector Busisiwe Mkhwebane to investigate a failed 18-million-rand school construction project involving former premier Ace Magashule. The party says he announced in 2018 a school would be constructed at Vogelfontein in Bethlehem. The DA’s Roy Jankielsohn says the school is one of nine whose construction was supposed to commence in the 2018/2019 financial year:
Play sound: ENG MagashuleProject
# Increased food production is not the only factor that can help combat food insecurity. This was the main take-home message from the 2021 Global Food Security Index discussion held by AgriSA in partnership with the United States Department of Agriculture. The index looks at food security in 113 countries and considers 58 unique indicators. The index ranked South Africa 70th out of 113 countries in terms of food security. Host for the event, editor of Farmer’s Weekly Denene Erasmus, says food security goes beyond the availability of food.
# Rugby: The explosive loose-forward of the Bulls, Arno Botha, may have fond memories of his former club, Munster, and will be looking forward to catching up with old mates. But his main business this weekend will be to give it all at Loftus Versfeld for his beloved Bulls when he faces his former side. Botha said ahead of this Saturday night’s United Rugby Championship round 6 clash he has remained friends with some team members. The match kicks off at 7.45.
# Financial indicators: The dollar is trading at 15-rand-84-cents and the euro at 17-rand-77-cents. One British pound costs 21-rand-18-cents and Bitcoin trades at 56-thousand-630-dollars-7-cents. Gold is selling at one thousand-786-dollars-96-cents a fine ounce and Brent crude oil is quoted at 82-dollars-29-cents a barrel.
# And finally: The largest diamond recovery vessel in the world has arrived in Cape Town after a four-week long maiden voyage from Mangalia in Romania. It will be equipped in the Mother City before beginning operations off the Namibian coast early next year. A spokesperson for De Beers Marine, Michael Curtis, says the delivery marks the end of the shipbuilding phase of a landmark project that began over three years ago. The vessel will use sub-sea crawling extraction techniques to retrieve diamonds from the seabed.
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