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South Africa

While you were sleeping: 28 June 2016

US Supreme Court in major abortion ruling, Britain downgraded by S&P, and Messi begged not to quit.
John Stupart
By John Stupart
28 Jun 2016
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“The master is not the one who teaches; it's the one who suddenly learns."

– João Guimarães Rosa

Story of the Day

Nkandla, The Finale: Treasury sets ‘reasonable’ R7.8m for Zuma to pay back 

The end of the Nkandla affair is in sight. In line with the Constitutional Court judgment that found the Public Protector’s report on Nkandla was binding, National Treasury determined a “reasonable percentage” of the non-security upgrades that President Jacob Zuma has to pay back to the state. After an extensive process, they set this amount at R7.8-million, which the Constitutional Court must now approve. Then the president must “personally” pay back the money within 45 days. After six-and-a-half years, the Nkandla scandal could finally be put to rest – with any luck without any further questionable conduct to settle the tab. By RANJENI MUNUSAMY.
Read more

While you were sleeping

US Supreme Court in landmark abortion ruling

The US Supreme Court has struck down a Texas ruling restricting access to abortion for women, delivering a powerful boost to the pro-choice movement. President Barack Obama tweeted on the matter, "Every woman has a constitutional right to make her own reproductive choices. I'm pleased to see the Supreme Court reaffirm that fact today." Read more

VW emission settlement reaches $15 billion

Volkswagen will be paying a remarkably clean $15 billion in damages for its polluting cars and to offset diesel emissions. Bloomberg announced the increased amount overnight, on the eve of VW's expected settlement date. If the carmaker thought this would clear the air over its dishonest emissions scandal, they were wrong as they now face similar charges in Europe and elsewhere. Read more

S&P downgrades Britain

Brexit woes continue for Britain. Late on Monday, ratings agency Standard and Poor reduced Britain's rating to AA from AAA, and Fitch to AA from AA+. With the pound now lower against the dollar than seen since the '80s, the fallout from Brexitaggedon is clearly ongoing. Read more

National outcry over Messi resignation

Diego Maradona and the country's President Mauricio Macri have both appealed to Lionel Messi not to quit Argentina's national team. Messi left the pitch in tears after missing a shot at the Copa América Centenario final against Chile on Sunday. Read more

In Numbers

100

The average number of American firefighters arrested each year for arson.

Facts of the Day

Today in 1942 Chris Hani was born.

Fact of the day: The British Army was compelled to deny rumours of releasingman-eating badgers into Iraq in 2007.

Weather

Financial Data

BFN: min: 4° max: 17°, sunny
CPT: min: 8° max: 16°, cloudy
DBN: min: 17° max: 19°, sunny
EL: min: 13° max: 18°, cloudy
JHB: min: 1° max: 21°, sunny
KIM: min: 6° max: 18°, sunny
NLP: min: 6° max: 25°, cloudy
PMB: min: 6° max: 16°, cloudy
PKN: min: 5° max: 22°, sunny
PE: min: 12° max: 17°, cloudy
PTA: min: 2° max: 21°, sunny

Oil=$46.99
Gold=$1,321.50
Platinum=$976.75
R/$=15.42
R/€=17.02
R/£=20.37
$/€=1.10
JSE All Share=50,086.68
DJIA=17,168.15
FTSE 100=5,982.20
Source

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FEATURED

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OPINIONS

irvin-jim.jpgSouth Africa should start dodging global capitalism’s bullets 
By Irvin Jim
Pierre de vosSodwana Bay guesthouse, discrimination and the law explained – again 
By Pierre de Vos
John-Matisonn.jpgTo the Crossroads and Back: Jimi Matthews and the SABC 
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mariam-isa.jpgGrim & Grimmer: Why Brexit is bad for SA 
By Mariam Isa

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