News 06:00

BULLETIN 10 June 6 am

Good morning. I am……..

In this bulletin:

# The DA and IFP will report back to their leadership on the ANC’s government of national unity proposal
# City Power implements load-reduction due to high electricity consumption
# And Ajay and Anil Gupta are denied bail for their alleged involvement in the suicide of a businessman

# The DA and the IFP will update their leaders on the ANC’s proposal for a government of national unity today. This follows ongoing negotiations as the deadline for forming a new government approaches after the ANC failed to secure a majority in the elections. The DA will report to its federal executive, while the IFP will hold a special national executive committee meeting to discuss the proposal.

Meanwhile, Cosatu says it will meet with the ANC this week to understand basic dynamics and the requirements that make up a national unity government. President Cyril Ramaphosa said last week that the ANC had decided on a national unity government as the best option to move the country forward after the general elections. Cosatu’s Matthew Parks says they are also hoping to understand the policy parameters within a government of national unity:

# City Power started implementing load-reduction in various areas of Johannesburg this morning to protect the grid. The measures include intensifying the implementation of ripple relay systems, cutting electricity to geysers, reducing load at high-consumption substations, and targeting illegal connections. Spokesperson Isaac Mangena says load reduction will occur during peak times in the morning, late afternoon, and evening, and smart meter load limiting will begin in July:

# Ajay and Anil Gupta have been denied bail in connection with allegedly abetting the suicide of businessman Satinder Singh Sawhney. They were arrested in Dehradun, the capital of Uttarakhand state, last month. Fifty-two-year-old Sawhney was a building developer working on housing projects with the Guptas. His body was found at the bottom of an apartment block. India’s director of prosecution Girish Pancholi says Sawhney had accused Ajay and Anil Gupta of having forced him to commit suicide after filing fake cases against him.

# Rugby: SA Rugby has confirmed that players based in Europe, the UK, and Ireland will not be considered for the Springboks’ first Test of the season against Wales at Twickenham later this month. This includes Springbok captain Siya Kolisi, who plays for French club Racing92. The team has qualified for the Top 14 play-offs, with the semifinals on the same weekend as the Wales Test. Bulls players will also not be considered because of their involvement in the United Rugby Championship play-offs.

# The financial indicators: The dollar trades at 18-rand-87-cents and the euro at 20-rand-35-cents. One British pound costs 24-rand-3-cents and Bitcoin trades at 69-thousand-521-dollars-1-cents. Gold sells at two-thousand-294-dollars-47-cents a fine ounce and Brent crude oil is quoted at 79-dollars-59-cents a barrel.

# And finally: A rare and expensive ring featuring the Eden Rose pink diamond from South Africa is expected to fetch over 188-million-rand at Christie’s Auction House in New York tomorrow. The ten-carat, fancy, intense flawless pink diamond is on display at the Rockefeller Center until today. International head of Jewelry, Rahul Kadakia, describes the Eden Rose as an old stone with its source of colour from the pressure in the stone:

Stay tuned for more news………….