News 15:00
BULLETIN 30 July 3 pm
Good afternoon. I am……..
In this bulletin:
# Cabinet appoints Seiso Mohai as new chairperson of the Public Investment Corporation
# FlySafair sees a drop in demand amid fuel price pressures
# And rugby: The Junior Bok star Giliomee starts for the Sharks in the Currie Cup clash with the Stormers
# Cabinet has approved a new board of cirectors for the Public Investment Corporation, appointing deputy minister in the Presidency for Planning, Monitoring and Evaluation, Seiso Mohai, as chairperson. He succeeds deputy minister of Finance David Masondo in the role. The appointments follow the resignation of several board members amid governance challenges at the state-owned asset manager. Minister Khumbudzo Ntshavheni says the new board will strengthen governance, restore stability and rebuild confidence:
South Africa is ready to host the 46th ordinary summit of the Southern African Development Community in Durban from 16 to 17 August. Ntshavheni says cabinet is satisfied with the country’s preparations for the regional gathering. She says the SADEC Industrialisation Week taking place in Durban this week, seeks to advance regional industrialisation and economic integration:
# FlySafair says customer demand has fallen by 14-percent as soaring jet fuel prices continue to affect South Africa’s aviation sector. The airline says the decline follows the introduction of a temporary fuel surcharge after Jet A1 fuel prices surged because of global supply disruptions linked to the conflict in the Middle East. FlySafair says it remains committed to affordable air travel and will continue reviewing the surcharge weekly, reducing or removing it as fuel prices stabilise.
Moving abroad:
# The man who stabbed and partially blinded world-renowned author Salman Rushdie at a speaking engagement in the US in 2022, Hadi Matar, was found guilty of federal terrorism charges in a District Court in New York. Rushdie’s novel The Satanic Verses was widely condemned in the Islamic world for being blasphemous. Twenty-eight-year-old Matar is already serving a 25-year service for attempted murder. He now faces a maximum life sentence at his next appearance in November. Charges include engaging in terrorism transcending national boundaries.
# Rugby: Luan Giliomee will start at fullback for the Sharks-15 in Saturday’s Currie Cup clash with the Stormers-23 in Cape Town. He is one of the Durban team’s four Junior Springboks who successfully defended their Under 20 World Championship title. The other three, Khuthi Rasivhaga, Liam van Wyk and Rambo Kubheka, will start on the bench for the visitors, captained by Thomas Dyer. The Sharks are currently fifth on the log and the Stormers sixth after both had mixed results in the first two rounds.
# And the financial indicators: The dollar trades at 16-rand-59-cents and the euro at 19-rand-2-cents. One British pound costs 22-rand-18-cents and Bitcoin trades at 64-thousand-553-dollars. Gold sells at four-thousand-and-77-dollars-88-cents a fine ounce and Brent crude oil is quoted at 91-dollars-91-cents a barrel.
Stay tuned for more news………….