Local Economy & Jobs: Ramaphosa used the Presidency Budget Vote to say load reduction is ending as the economy recovers, but the Gulf war and oil shock could still slow growth and job creation. Business Confidence: The RMB/BER index slipped eight points in Q2 as Middle East tensions lifted oil prices and inflation risks, hitting vehicle dealers, wholesalers and retailers. Rates & Inflation: SARB governor Kganyago defended the latest rate hike, warning that waiting for “second-round” fuel-price effects could let higher inflation expectations stick. Migration & Labour Policy: Ramaphosa said illegal migration strains public services and vowed action, while Employment and Labour outlined tougher enforcement and an Employment Services Amendment Bill to prioritise local job seekers. Johannesburg Governance: The JDA boss Themba Mathibe walked free after fraud charges were struck off the court roll. City Finance: Auditor-General findings point to Joburg’s R9.5bn bad-debt and audit regression, while Scopa flagged “false assurances” on the city’s financial health. Energy & Compliance: EPC rules are still widely ignored, despite penalties up to R5m and jail. Markets & Investment: Bank of America expects more rating upgrades but says investment grade remains unlikely without stronger fiscal rules. Crypto & Exchange Controls: A Johannesburg court ruled cryptocurrency is both “money” and “capital” under exchange control laws. Trade & Tariffs: The US named India in forced-labour Section 301 findings and proposed extra tariffs of 10%–12.5%. Consumer & Retail: Amazon Prime launched in South Africa at R59/month, and Toyota’s May sales hit a 13-year high despite fuel pressures. Cape Town Water: A proposed R5bn Paarden Eiland desalination project is drawing tariff concerns. Transport Safety: Stellenbosch suspended GoNow scooters after minors were injured, citing illegality on public roads and sidewalks.