Diamond Sector Shock: Petra Diamonds put its Finsch mine into business rescue, blaming a weak diamond market and a stronger rand as lab-grown gems keep squeezing natural prices. Water Governance: South Africa’s 2026 National Water Amendment Bill moves through Parliament, with experts warning it could reshape water rights and hit agriculture and industry, including a proposed ban on private water trading. Fuel Costs: June fuel outlook is mixed—petrol likely to rise again (around R1.05/litre), while diesel could drop (up to about R3.60/litre depending on grade), though levies may complicate relief. Telecom Earnings: Telkom reported a 27.5% profit jump and higher dividends, driven by data growth and progress in its fibre transition. City Finance: Johannesburg council approved the R97.1b 2026/27 budget, but commentary continues to flag deep financial strain and Eskom-linked risks. Transport Safety Tech: CODETA launched a cashless taxi pilot using dedicated cards and route-based fare deductions, aiming to cut robberies and improve commuter safety. Labour & Jobs: Labour Minister Nomakhosazana Meth pushed tougher enforcement and youth jobs measures amid a “missing jobs crisis.” Energy & Industry: EU launched investment roadshows in South Africa targeting critical minerals and clean energy projects. Xenophobia Fallout: Mozambique says five citizens were killed in South Africa-linked xenophobic attacks, with repatriation underway. Legal Fight at Sea: Small-scale fishers challenge a West Coast seismic survey approval in court, arguing assessments missed cumulative impacts.