Breakfast Edition: 20 November 2015

Breakfast Edition: 20 November 2015

WATCH & LISTEN: Here's a recap of this morning's top news stories.

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REPO RATE INCREASE: The repo rate is this morning 1.25 % higher than in the beginning of last year after the Reserve bank decided to increase the rate by 25 basis points yesterday. The governor, Lesetja Kganyago explained his decision - that's been called reckless by Cosatu. Lesetja Kganyago, governor of the South African Reserve Bank, said that despite the country's weak economic growth, the Monetary Policy Committee (MPC) was concerned that a failure to act would risk stoking inflation. "Against this difficult backdrop the MPC decided to increase the repurchase rate by 25 basis points to 6.25 percent," he said from Pretoria, the country's administrative capital. The decision comes a month before the US Federal Reserve is expected to hike its rates in December for the first time in over a decade.


DROUGHT AFFECTS ROOIBOS: The drought and fears of food price increases was another reasons given by Kganyago for the decision to hike interest rates. One such product that is sure to see a price increase is Rooibos tea the expectation is that the price of the proudly South African tea, could increase by 90%. 


NO LAUGHING MATTER: President Jacob Zuma craftily explained himself when pressured by the Opposition to explains his 'ANC comes First" comment recently. Speaking in Parliament yesterday the president touched on an array of pressing matters, like the drought and the terror attacks in Paris a week ago. It was the last question and answer session for the year - and then there was the matter of the presidential chuckle. Marius van der Walt reports.


MORE SAD NEWS FOR CHABANE FAMILY: The mother of former Minister, Collins Chabane as passed away in her Limpopo home. Her son and family spokesperson, Percy Chabane says its been a very difficult year for the family... especially for their mom.


MURDER SUSPECTS IN COURT: Two suspects, arrested in connection with the murder of North West businessman Wandile Bozwana, are expected to appear in the Pretoria Magistrate's Court today. Police spokesperson Lungelo Dlamini said the suspects were found in possession of ammunition when they were arrested in Johannesburg yesterday. Police are still searching for more suspects linked to the killing, which occurred at the Garsfontein Road exit off the N1 Highway last month. Meanwhile, the South African National Civic Organisation in North West has welcomed the arrests. 

DANISH SUSPECT BACK IN COURT: In Bloemfontein, a bail decision in the case of Danish born Peter Frederikson, arrested at his home in Bloemfontein, for allegedly storing female genital parts in his freezer, is expected back in the Magistrate's Court today. During his bail application, it was also revealed that the 63-year old Frederikson had been linked to the murder of his 28-year old wife, who was gunned down in Lesotho following his arrest. She had been expected to be a key State witness in the case against Frederikson. Owen Kock reports.    

GOOGLE DOODLE: Today's google doodle is in honour of what would have been Nadine Gordimer's 92nd birthday. The South African writer, political activist won the Nobel Prize for Literature in 1991.

Nadine Gordimer

BIEBER DIES IN NEW ZOOLANDER MOVIE: The first full trailer for 'Zoolander 2' has arrived and much like the first film it's packed with celebrity cameos. From Lewis Hamilton to Justin Bieber, anyone who's anyone makes an appearance, but it's a surprise turn from Benedict Cumberbatch looking distinctly un-Batch that's really caught our attention.



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