Breakfast Edition: 9 November 2015

Breakfast Edition: 9 November 2015

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

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PROTEST ACTION ON R55: Police had to fire rubber bullets on the R55 near Olievenhoutbosch this morning to disperse a group of protestors. According to Tshwane Metro police the protest started during the early hours of this morning and as a result the N14 highway to Krugersdorp had to be closed. "The situation is still tense," Metro police spokesperson, Isaac Mahamba told JacaNews. Meanwhile a notice have been circulated to members of the community of a planned march to the Laudium area and it's believed to be over the lack of quality housing in the area.

MTN BOSS RESIGNS: MTN has announced this morning that its CEO, Sifiso Davengwa has resigned with immediate effect. The company is trying to recover following the R 72 billion fine in Nigeria for neglecting to terminate 5 million unregistered SIM cards. Dabengwa says in a statement that he believes it's in the interest of the Company and its shareholders. The statement reads: MTN appoints Phuthuma Nhleko as Executive Chairman in a temporary capacity as Sifiso Dabengwa resigns as CEO. MTN wishes to inform the market that MTN's Chief Executive Officer, Mr Sifiso Dabengwa has resigned. "Due to the most unfortunate prevailing circumstances occurring at MTN Nigeria, I, in the interest of the Company and its shareholders, have tendered my resignation with immediate effect," stated Sifiso Dabengwa. Nhleko, the current Non-executive Chairman has agreed to act as Executive Chairman for a maximum period of 6 months while the Company identifies a successor for Mr Dabengwa. 

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POLITICAL PARTIES UP IN ARMS AFTER PRESIDENT'S COMMENTS: Opposition political parties are up in arms, following comments by President Jacob Zuma in KwaZulu-Natal on Saturday afternoon that the ANC comes first, and then the country. According to the EFF, the president's comments shows again towards his autocratic ambitions, while the DA demands an apology from the president. 

The controversial painting of President Jacob Zuma

ANOTHER HEATWAVE HITS SA: The South African interior have been warned of yet another heatwave a week after snow on the mountains. And it's weather madness not just by us - in New York, they had to call in assistance after the popular ice rink in Bryant Park turned into a pool of water on Friday the ice melt during their hottest Novembers day in 70 years 23'C in winter. In SA, Weather Forecaster Vanetia Phakula says it's going to get even warmer.

RAND WEAKENS FURTHER: The mercury rises, and the Rand falls. After weakening to its lowest levels ever against the dollar late Friday afternoon to R14.18. This morning, it's trading at R14.15. If you're planning a December holiday in Europe, prepare for a Euro costing R15.22. Efficient Group economist Francois Stoffberg says the local currency is once again suffering due to new rumours of an interest rate hike in the US in December 

Financials

TWITTER POLL: The classic American meal-on-the-go is wrapped in bread, smeared with condiments and eaten as a patriotic alternative to, say, a hamburger. But a hot dog is not a sandwich, according to an official press release from the National Hot Dog and Sausage Council. According to the council, "Our verdict is…a hot dog is an exclamation of joy, a food, a verb describing one 'showing off' and even an emoji. It is truly a category unto its own." Well, hot dog! The NHDSC says it came to its decision after noting the hot dog's impact on American history as well as the "open" nature of a hot dog in a bun, a USDA-governed nuance.

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