๐ฐ The week that was: 09 May 26
And here it is! The news highlights for the week. ๐๐ข๐๐๐: ConCourt deals CR massive blow, rekindles Phala Phala cash in sofa saga๐ฃ Garden Route mop up after massive storm flooding & destruction๐ณ Joburg wants households to pay 66% more to receive water๐ค SANDF deployed to gang violence hotspots in Gauteng, WC & EC๐ซฃ Sharp petrol & diesel price hikes intensify cost of living pressure๐คฌ Taxi & public transport operators warn fuel costs threaten routes & jobs๐ค Gauteng cabinet reshuffle sparks ANC infighting & coalition tension๐คฏ Parli faces pressure over governance practices & internal โstudy groupsโ โ๏ธ Water shortages worsen in parts of Gauteng & eThekwini๐ฌ CPT homeowners urged to review municipal property valuations as court strikes city a blow๐ช๐ป Chinese carmaker Chery confirms restart of vehicle manufacturing at Rosslyn ๐ Easter travel period sees spike in road accidents & fatalities ๐ช Surge in mobile banking & WhatsApp scams triggers public warnings ๐ฒ Hantavirus cases linked to international cruise ship prompt health monitoring๐ฑ Health authorities stress public risk remains low & urge calm ๐ฆ Reverse emigration trend emerges as skilled Saffas return home โ๏ธ Business sector welcomes skills return but warns reforms still lag๐ Gov & legal challenges intensify at universities & public bodiesโ๏ธ Agri & logistics sectors monitor fuel & oil volatility ๐พ ๐๐๐ก๐๐ก๐๐: Moodys worries war & interest rate hikes could slow SAโs growth๐ฅด SARS reports stronger tax revenue but rising refund fraud risks๐ฐ FirstRand signals plans to exit UK operations after regulatory penalties ๐ Nissan confirmed plans to exit South Africa, citing regulatory complexity and empowerment rule changes. ๐ ๐๐ก๐๐๐๐๐ฆ: JSE@117888โฌ๏ธ DOW@49609โฌ๏ธ FTSE@10233โฌ๏ธ R/$16.39 R/ยฃ22.31 R/โฌ19.32 Bitcoin $80417 Brent crude $101 gold $4730 ๐ฆ๐ฃ๐ข๐ฅ๐ง๐ฆ: Junior Boks have maiden Righy Champs in their palms๐ Klaasen knock puts Hyderabad top of IPL๐ Menโs 4x400m & 4x100m had to settle for silver but did us proud ๐๐ปโโ๏ธ And in case you've missed the aerial footage of the rain damage caused at Meiringspoort watch it HERE