BULLETIN 9 February 3 pm
Good afternoon. I am……..
In this bulletin:
# The unemployment crisis cannot be solved amid the power crisis
# The SACP calls on government to invest in carbon capture technology
# And Cricket: Six debutants are included in the Proteas Women’s squad for the historic Waca Test
# ANC veteran Omry Makgoale believes addressing the unemployment crisis requires urgent action and cannot be effectively tackled amid the ongoing load-shedding. Speaking to Newzroom Afrika, Mokgoale stated the country has abundant resources and capable skills, but incompetent people are placed in key positions within state-owned enterprises. He believes this has contributed to the deterioration of these institutions and the state’s infrastructure:
Meanwhile the South African Communist Party says it is essential to address the energy crisis as a matter of urgency and to forge a just transition that protects existing employment. During his state of the nation address yesterday evening, president Cyril Ramaphosa, said government is reforming the energy system to make it more competitive, sustainable and reliable in the future. The SACP says to lower carbon emissions, the government needs to invest in carbon capture technology and storage facilities for the coal-fired power sector.
# The City of Johannesburg says it remains committed to strengthening its financial position and performance. The city achieved an unqualified audit opinion for the 2022/2023 fiscal year, and two of its entities, the Joburg Market and Johannesburg City Theatres obtained clean audits. The city’s spokesperson, Virgil James, says they continue to strive towards clean administration and the highest standards of corporate governance:
# Cricket: Six debutants were included in the Proteas Women’s squad of 14 players for the historic first Test against Australia. They are Tazmin Brits, Masabata Klaas, Ayanda Hlubi, Eliz-Mari Marx, Delmi Tucker and Mieke de Ridder. The team will be captained by Laura Wolvaardt and includes experienced players such as Marizanne Kapp, Nadine de Klerk and Suné Luus. This will be South Africa’s first Test since the drawn match against England in 2022. The four-day game starts at the Waca in Perth on Thursday.
# Financial indicators: The dollar trades at 18-rand-99-cents and the euro at 20-rand-45-cents. One British pound costs 23-rand-94-cents and Bitcoin trades at 46-thousand-890-dollars-32-cents. Gold sells at two-thousand-and-33-dollars-16-cents a fine ounce and Brent crude oil is quoted at 81-dollars-59-cents a barrel.
# And finally: Henley and Partners’ BRICS Wealth Report projects an 85-percent surge in millionaires flocking to Cape Town over the next decade. With approximately 13-thousand-500 millionaires already residing in the city as of 2023, factors including natural beauty, public amenities, economic advancement, and solutions to load-shedding contribute to this growth. The report also anticipates a 60-percent increase in wealth per capita by 2033, signaling promising economic expansion in South Africa. Additionally, Cape Town witnesses significant semigration, as high net worth individuals relocate from Johannesburg and Pretoria.
Stay tuned for more news………….