ENGLISH BULLETIN 1PM – 15 MAY 2019

In your top stories this hour
# NYDA concerned by youth unemployment
AND
# Devestating fire destroys house in KZN

The time is 1 o’clock, I’m ____________________. Good Afternoon.

# The National Youth Development Agency (NYDA) has raised concern at the increasing rate of youth unemployment.
The concern comes in the wake of the release of the Quarterly Labour Force Survey (QLFS) for the first quarter of 2019 by Statistics South Africa (Stats SA) on Tuesday.
Stats SA in the report said the country’s unemployment rate increased by 0.5 of a percentage point to 27.6% compared to the fourth quarter of 2018.
The increase in the unemployment rate is a result of a decline of 237 000 in the number of people in employment and an increase of 62 000 in the number of people who were unemployed between the fourth quarter of 2018 and the first quarter of 2019.
(Play:190515nUnemployment.mp3)

# While the country has enough water to sustain the fast approaching dry winter season, South Africans have been urged to use water sparingly.
Current the country is sitting with 23 809.2 cubic metres of water in storage, according to a weekly report of the Department of Water and Sanitation.
For the past two weeks, the country has maintained stable dam levels at 73.7%, a 6.2% drop compared to the same period last year, the report indicated.
South Africa has entered a hydrological cycle that ushered in the cold and dry winter in the hinterland, while the Western Cape has started its expected wet winter season that the department hopes will bring persistent rains. For the moment, however, that province has its average dam levels at 33.7%.

# The public can have their say on the draft Broad-Based Black Economic Empowerment (B-BBEE) Chartered Accountancy Sector Code.
The Department of Trade and Industry (dti) has given the public as well as interested parties until 23 June to make their inputs and comments on the draft sector code, which was gazetted by Minister Rob Davies.
In terms of Section 9 (5) of the B-BBEE, the draft Sector Code must be published for a 60-day public commentary period.
Among the key highlights of the draft sector codes are a higher target under the ownership element of the scorecard for exercisable voting rights. It also includes economic interest in the hands of black people from 25% to 32.5% — 20% of which is ring-fenced for ownership by black chartered accountants within the sector.

# Netcare 911 this morning attended to a house fire in iLala Ridge, uMhlanga Rocks.
Netcare 911 spokesperson, Shawn Herbst, says reports from the scene indicated that a fire broke out in the main bedroom.
Herbst says on arrival the house was well alight and the roof had already caved in.
He says the Ethekwini Fire and Rescue Services responded with multiple vehicles and quickly doused the flames.
Fortunately no injuries were reported, however the house was substantially damaged.

And finally…
# Communications Minister Stella Ndabeni-Abrahams says her department has commenced some of the groundwork towards preparing South Africa for the Fourth Industrial Revolution (4IR).
Addressing the Presidential Commissioners on 4IR in Tshwane on Tuesday, Ndabeni-Abrahams said digital technologies can generate more than R5 trillion in value for industry, consumers and society in South Africa.
She said one of the most important priorities for government is to grow the economy and in the process of doing so, ensure that there is inclusive growth.

# A SHORT while ago, Gold was selling at 1-thousand-295-dollars-11 a fine ounce, and a barrel of Brent crude will cost 71-dollars-30 a barrel.
One US Dollar will cost 14-Rand-23 one British Pound is 18-Rand-38 and the Euro is currently trading at 15-Rand-96.
The price for one Bitcoin is currently trading at 8-thousand-012-dollars-25.

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