AGP Executive Report
Last update: 11 hours agoBRICS Bank Expansion: Iran’s central bank governor says Iran is set to join the BRICS New Development Bank, with BRICS members expected to keep pushing trade in national currencies ahead of the September summit. Supply-Chain Tech in Africa: Logistics digitisation is accelerating, but mainly because manual, disconnected systems can’t cope with rising order volumes, tighter costs and demand for real-time visibility. SA Governance Costs: Auditor-General figures put South Africa’s unauthorised, irregular, fruitless and wasteful spending at R1.377-trillion over five years, highlighting compliance without delivery. Unemployment Pressure: Stats SA shows unemployment at 33.6% in Q2, with 8.5m jobless people and youth hit hardest. Illegal Mining Tragedy: A mine dump collapse near Rustenburg killed 14 suspected illegal miners, with more people feared trapped. Municipal Service Failures: Nelson Mandela Bay’s water and electricity losses and low collection rates show how weak billing and leaks keep municipalities stuck. Education Budget Strain: Gauteng spends over R230m a year on rented district education offices while schools face subsidy cuts. Finance & Markets: Absa secures a secondary listing for its NewWave Silver ETN on Namibia’s NSX, extending silver exposure to Namibian investors. Energy & Crime Link: Cold weather and electricity supply strain add to a broader environment of economic stress and public frustration.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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