AGP Executive Report
Last update: 29 minutes agoSarb in the spotlight: With inflation at 4% in April and fuel still biting, the Reserve Bank’s MPC meets this week and markets are bracing for a rate hike as the Middle East conflict keeps energy and food costs elevated. Transport hit: Cape Town’s MyCiTi fares could jump by up to 32% from July as diesel costs surge, with the city warning it can’t keep absorbing the increases. Cyber pressure: DDoS attacks disrupted connectivity across multiple South African hosting providers, exposing a gap between national cyber readiness and real-world response. Steel jobs at risk: ITAC says cheap imported steel is pushing the local sector into an “emergency situation,” with new tariff and safeguard moves aimed at protecting manufacturers. Immigration enforcement: Home Affairs says 109,735 undocumented foreigners were arrested and deported over five years, alongside thousands of workplace inspections and employer charges. Sports & culture: Orlando Pirates ended Sundowns’ eight-season reign with a Premiership treble, while Ghana’s Jackie Appiah and others mourn Beverly Afaglo after her death.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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