News 11:00

BULLETIN 12 June 11 am

Good morning. I am……..

In this bulletin:

# Minister Kubayi says government firmly rejects the deadline for illegal foreign nationals to leave the country
# The South African Reserve Bank warns that the threat of systemic cyber incidents has heightened due to AI
# And rugby: Erasmus insists the Boks’ injury situation is not as serious as it has been portrayed

# Minister of Justice and Constitutional Development, Mmamoloko Kubayi, maintains that government does not recognise the 30th of June deadline set for undocumented foreigners to leave the country. This comes as the anti-illegal-immigration group March and March has planned a national shutdown to demand that undocumented migrants leave the country. Kubayi says they work according to the directives set out by the president in dealing with migration challenges. She reiterated that illegal foreign nationals must be processed in accordance with the country’s immigration laws, including deportation.

# The South African Reserve Bank warns that advances in artificial intelligence models pose risks to financial stability, and have led to a significant increase in software and IT system vulnerability. The Reserve Bank’s latest half-yearly financial stability review shows that a sophisticated multistep attack that previously required scarce, elite human expertise can now be attempted for just approximately one-thousand-303-rand. SARB’s Herco Steyn says cyber risk has shifted from episodic and largely manageable events to continuous and compounding:

# The Motor Industry Staff Association says a ruling by the Motor Industry Bargaining Council Dispute Resolution Centre confirms that workers cannot be dismissed for telling the truth during disciplinary hearings. The case involved a service advisor at Mossel Bay Ford in the Western Cape, dismissed after giving evidence in a workplace dispute. MISA’s Phakamile Hlubi-Majola says the employer’s attempt to overturn the ruling was dismissed:

# South Korea’s former-president Yoon Suk Yeol has been sentenced to 30 years in prison over charges of ordering drone infiltrations into North Korea. This was in a bid to escalate tensions and to help justify his failed 2024 martial law declaration. The Seoul Central District Court found Yoon, together with his former Defence minister Kim Yong-hyun, and two others guilty of treason and abuse of power. Yoon, who has denied wrongdoing, was sentenced to life imprisonment in February for leading an insurrection through his failed martial law bid.

# Rugby: Springbok coach Rassie Erasmus says, despite an extensive injury list and the entire Bulls squad being unavailable, they have more than enough players to choose from ahead of the 2026 season. The Boks are counting down to the start of a gruelling 14-match campaign that stretches from next weekend’s Barbarians showdown in Gqeberha to their final Test of the year against Ireland in Dublin in November. Erasmus revealed that RG Snyman and Kwagga Smith are out for the rest of the year:

And the financial indicators: The dollar trades at 16-rand-30-cents and the euro at 18-rand-86-cents. One British pound costs 21-rand-85-cents and Bitcoin trades at 63-thousand-14-dollars. Gold sells at four-thousand-178-dollars-86-cents a fine ounce and Brent crude oil is quoted at 87-dollars-93-cents a barrel.

Stay tuned for more news………….