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Daily news update on May 20th

Ramaphosa submits to parliament the fourth report on the capture of the state

The President Cyril Ramaphos officially filed the fourth part of the report of the Commission of Inquiry into allegations of state seizure parliament.

This was announced at a meeting of the program committee of the National Assembly on Thursday morning.

Deputy Speaker of the National Assembly Lecce Cenoli told lawmakers during a virtual meeting that Ramaphosa had sent a letter informing parliament of the issue, having already submitted part of the third report of the State Commission on the Capture.

The seizure of the state has destabilized our democracy, Ramaphosa says

President Cyril Ramaphosa Photo: GSIS

President Cyril Ramaphosa complained about the negative consequences of the takeover for the country’s economy.

Delivery In a keynote address at Thursday’s Black Business Council Summit dinner, Ramaphosa said the effects of the takeover were being felt throughout society.

“The seizure of the state has severely damaged our economy, weakened our state institutions and destabilized our democracy. But it has also damaged the reason for expanding the economic opportunities of blacks and the advancement of blacks, ”Ramaphosa said.

Ramaphosa stressed that it is not corruption and the seizure of the state that allows corruption and the seizure of the state not to increase the economic opportunities of blacks.

More pain for South African debtors – SARB raises repo rate by 50 basis points

increase the repo rate by 50 basis points
Governor of the South African Reserve Bank Lesseta Kganyaga. Photo: Thobile Mathonsi / African News Agency (ANA)

The head of the Reserve Bank Leseta Kganyaga announced an increase in the repo rate by 50 basis points (basis points) after the May meeting of the Monetary Policy Committee (MPC) of the bank on Thursday.

As a decision, the governor referred to global inflation, taking the key rate of the bank to 4.75%, and the main rate on loans from commercial banks to 8.25%.

The repo rate used to be 4.25%, while the priority lending was 7.75%.

“Investors’ appetite for riskier assets is weakening and the value of assets in major markets has declined,” Kganyago said.

KZN floods: Zikala warns that floods could affect the province

KZN municipalities under administration
Prime Minister KwaZulu-Natal Sila Zikalala. Image: Gallo Images

As destroyed by the flood KwaZulu-Natal (KZN) is preparing for a cold front that is expected to bring more rain over the weekend, Prime Minister Sila Zikalala warned of the possibility of new floods in the province.

Zikalalo appealed to the media to provide information on the work done so far to support affected families, rebuild the province and grow the economy after the KZN floods in April.

The briefing came after a meeting of the regional executive council on Wednesday.

Stellenbosch University “deeply concerned” after arrest of female student for alleged rape

The student was arrested for alleged rape
General view of Stellenbosch University on June 12, 2020 in Stellenbosch, South Africa. Photo: Gallo Images / Ashley Flatman

A Stellenbosch University The student was arrested for alleged rape by the South African Police Service (Juices) confirmed.

The suspect was detained Thursday morning after a 19-year-old girl reported the incident to police.

According to police, the alleged rape took place around 10:30 pm on Wednesday in an apartment building on Victoria Street in Stellenbosch.

While the 18-year-old suspect is due to appear in court on Thursday, the alleged perpetrator will be expelled from Stellenbosch University from his place of residence.

Following the public response, Nathi Mtwa will consider the draft flag of 22 million rupees

Sports, art and culture
Minister of Sport, Arts and Culture Nathi Mtetwa. Photo: Gallo Images / Frennie Shivambu

Minister of Sport, Arts and Culture Nati Mtetwa is considering setting up a 22 million rupee South African flag in Freedom Park.

A statement from the Department of Sports, Arts and Culture said Mtetwa noted the public response to the planned flag.

The department said it upheld the rights of citizens to be heard.

“The Minister of Sports, Arts and Culture has instructed his department to consider the whole process related to the monumental flag.”

PSL announces nominees for awards at the end of the season

PSL-awards-nominees-announced
Andila Jali, Peter Shalulile and Victor Letsaalo will compete for the Footballer of the Season award. (Photo by PSL / Twitter)

The Premier League (PSL) on Thursday announced the list of nominees for the 2021/22 PSL Awards.

Andile Jali and Peter Shalulile of Mamelodi Sundowns, as well as Victor Letsaalo of Royal AM) will compete for the prestigious PSL 2021/22 Footballer of the Season award.

The DStv Premiership player category was also dominated by the Sundowns, with the trio of Jali, Shalulilla and Tembo Bell entering the top three.

READ ALSO: Daily news update: SA mourns MFO Maran, sexual assault charges in UCT and Mkhwebane in court

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