State capture report and R22 million flag project

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Day by day news update 20 May well

Ramaphosa fingers above fourth condition capture report to Parliament

President Cyril Ramaphosa has formally submitted portion 4 of the Commission of Inquiry into Allegations of State Capture’s report to Parliament.

This was revealed throughout the Nationwide Assembly’s Programming Committee meeting on Thursday morning.

Countrywide Assembly deputy speaker Lechesa Tsenoli instructed MPs for the duration of the virtual conference that Ramaphosa sent a letter informing Parliament on the subject, acquiring by now submitted portion three of the State Capture Commission’s report.

State capture has destabilised our democracy, states Ramaphosa

President Cyril Ramaphosa has lamented the adverse consequences of point out seize on the economic climate of the place.

Providing the keynote address at the annual Black Company Council Summit Supper on Thursday evening, Ramaphosa explained the results of point out capture have been felt across modern society.

“State seize has deeply destroyed our economy, weakened our public institutions and destabilised our democracy. But it has also harm the trigger of black financial empowerment and the development of black experts,” said Ramaphosa.

Ramaphosa emphasised that it was not black economic empowerment that enabled corruption and state seize.

Extra soreness for indebted South Africans – SARB hikes repo amount by 50 basis factors

Reserve Lender governor Lesetja Kganyago has declared a repo charge boost of 50 foundation points (bps), just after the bank’s May Financial Plan Committee (MPC) assembly on Thursday.

The governor cited spiked global inflation for the choice, taking the bank’s key rate to 4.75% and the key lending level of commercial financial institutions to 8.25%.

The repo charge was earlier at 4.25%, though key lending was 7.75%.

“Investor appetite for riskier belongings is weaker, and asset worth in important markets has declined,” said Kganyago.

KZN floods: Zikalala warns much more flooding could strike the province

As flood-ravaged KwaZulu-Natal (KZN) braces by itself for a cold front which is predicted to convey more rain above weekend, Leading Sihle Zikalala has warned about the chance of far more flooding in the province.

Zikalala was addressing customers of the media to supply an update on the do the job completed so far to assistance afflicted people, rebuild the province and develop the financial system due to the fact the flooding in KZN in April.

The briefing will come immediately after a provincial executive council conference held on Wednesday.

Stellenbosch College ‘deeply distressed’ after pupil arrested for alleged rape

A Stellenbosch College student has been arrested for alleged rape, the South African Police Company (Saps) has verified.

The suspect was arrested on Thursday early morning soon after a 19-calendar year-outdated girl noted the incident to the law enforcement.

According to the law enforcement, the alleged rape occurred at all-around 10:30pm on Wednesday at a home on Victoria Avenue in Stellenbosch.

Even though 18-yr-aged suspect is due in court docket on Thursday, the alleged perpetrator will be suspended by Stellenbosch University from his home.

Immediately after general public outcry, Nathi Mthethwa to review R22 million flag project

Sport, Arts and Culture Minister Nathi Mthethwa is examining the decision to erect a R22 million South African flag at Freedom Park.

In a assertion, the Section of Activity, Arts and Society mentioned Mthethwa has observed the general public outcry more than the envisaged flag.

The department explained it is upholding the rights of citizens to be heard.

“The Minister of Sport, Arts and Culture has directed his division to evaluation the approach associated to the Monumental Flag in its totality.”

PSL announces nominees for conclude-of-the-time awards

The leading Soccer League (PSL) on Thursday introduced the checklist of nominees for the 2021/22 PSL Awards.

Mamelodi Sundowns’ Andile Jali and Peter Shalulile as properly as Victor Letsoalo of Royal AM) will contend for the prestigious 2021/22 PSL Footballer of the Season award.

The DStv Premiership Players’ Player of the Year class was also dominated by Sundowns with the trio of Jali, Shalulile and Themba Zwane creating the top 3.

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