BULLETIN 11 November 8 am
Good morning. I am……..
In this bulletin:
# There is only a slim chance for a November rate cut
# DA urges minister Motsoaledi to expedite immigration legislation [SOUND]
# And, rugby: Victory for the Bulls, but the Sharks lose
# Economists predict a slim chance of interest rate cuts in the upcoming Reserve Bank Monetary Policy Committee meeting. BusinessTech reports the committee expressed concerns regarding inflation, specifically the anchoring of inflation expectations. As a result, economist Annabel Bishop anticipates interest rates will remain unchanged this month. She notes the impact of tighter credit conditions in the United States, suppressing consumer demand and, consequently, inflation. The recent decision by the United States Federal Reserve to hold rates eases market tensions. Geopolitical tensions and local fuel price hikes may affect inflation figures.
# The DA is urging Home Affairs minister Aaron Motsoaledi to expedite immigration legislation following the Constitutional Court’s decision, ordering him to personally cover legal costs. According to the party, the court’s rare punitive action highlights Motsoaledi’s negligence in failing to amend the Immigration Act, rendering deportation confirmations since 2019 legally invalid. The DA’s Angel Khanyile calls for expedited legislation to prevent further delays and ensure responsible leadership in the Department of Home Affairs:
# The Public Servants Association has expressed distress over a surge in crime targeting schools, churches, and public officials. According to the PSA, this alarming trend signifies government’s struggle against increasing violent crimes, fostering distrust in law enforcement. The 2023 Global Organised Crime Index ranks South Africa seventh globally for criminal networks, attributing it to corruption in government. The association’s Reuben Maleka says despite presidential assurances, crime statistics show no improvement. Maleka urges president Cyril Ramaphosa to lead decisive action against criminals to safeguard citizens, vital investments and the economy.
# The recent Webfleet Road Safety report underscores South Africa’s infrastructure decay, with commercial fleet operators citing deteriorating roads as a primary factor in accidents. Among other reasons highlighted were driver fatigue and vehicle maintenance. Webfleet’S Justin Manson told eNCA that fleet operators have complained about maintenance issues:
# Rugby: The Bulls moved to the top of the United Rugby Championship table after handing Cardiff a 18-12 win defeat in Wales. The Pretoria team scored two tries in as many minutes midway through the first half. In Italy, Zebre claimed a first win since April 2022 with a nail-biting 12-10 victory over the Sharks. The South Africans’ only try came from Cameron Wright. This afternoon, the Stormers take on Benetton in Italy, while the Lions are up against the Scarlets in Wales this evening.
Stay tuned for more news………….