News 18:00

BULLETIN 11 June 6 pm

Good afternoon. I am……..

In this bulletin:

# NEASA and Sakeliga issue a legal ultimatum over the new employment equity regulations
# South African Breweries is to explore alternatives before deciding on warehouse job losses
# And golf: McIlroy is grouped with Lowry and Rose for the first two rounds of the US Open

# The National Employers’ Association of South Africa and business organisation Sakeliga have given Employment and Labour minister Nomakhosazana Meth until 18 June to suspend new employment equity regulations or face urgent legal action. The groups oppose rules forcing companies with 50 or more staff to meet race, gender, and disability quotas or face fines of up to 10-percent of turnover. Sakeliga CEO Piet le Roux says the quotas are unconstitutional and would cause serious harm to businesses and the economy.

# South African Breweries says all viable alternatives are on the table as it considers a restructuring process that could lead to job cuts. According to News24, union federation Saftu accuses SAB of launching a sustained attack on jobs, warning that 233 warehouse workers are now at risk and over one-thousand jobs have been lost in six years. The company says no final decision on retrenchments has been made, and it’s committed to fair engagement, with talks continuing under a legally guided process.

# United Africans Transformation says Youth Month rings hollow for millions of young South Africans trapped in unemployment. The party demands a youth jobs guarantee to ensure no young person is left idle for more than six months amid a 46-percent youth jobless rate. The party’s Mighty Mabule accuses the government of national unity of offering only elite deals and recycled promises, instead of real transformation for the African child:

# Golf: Defending champion Bryson DeChambeau has been grouped with Xander Schauffele and José Luis Ballester for the opening two rounds of the US Open, which tees off tomorrow. World number one Scottie Scheffler, who is bidding for back-to-back major titles, partners with Collin Morikawa and Viktor Hovland. Rory McIlroy, who has been grouped alongside Ryder Cup teammates Shane Lowry and Justin Rose, says he is having difficulty finding motivation again after winning the Masters:

# The financial indicators: The dollar trades at 17-rand-73-cents and the euro at 20-rand-35-cents. One British pound costs 24-rand-1-cent and Bitcoin trades at 110-thousand-300-dollars. Gold sells at three-thousand-335-dollars-36-cents a fine ounce and Brent crude oil is quoted at 67-dollars-75-cents a barrel.

# And finally: The award-winning Nigerian film director behind Daughters of Chibok, Kachi Benson, is set to screen his latest offering at the 27th edition of the Encounters South African International Documentary Festival this month. More than a decade after the world was shaken by the abduction of 276 schoolgirls from Chibok, Nigeria by Boko Haram militants, Benson returns with Mothers of Chibok, which dives into the lives of the women left behind. Hayani Africa’s Gene Sibeko says the film is a powerful story of survival:

Stay tuned for more news………….