Today's Big Stories

'Economic shock' after Brexit vote, Cameron resignation as UK faces the unknown

Central banks are trying to establish confidence measures to help stabilise financial markets, after Britain's vote to leave the European Union (EU).

Economist Xhanti Payi says that international markets are volatile following the landmark referendum in the UK.

The pound has hit its lowest point in 31 years, in its biggest one day fall in history. The rand has also weakened, along with many other emerging market currencies.

In the wake of this, Prime Minister David Cameron announced his resignation, creating more political uncertainty for Britain.

According to Payi, investors have been taken aback by the uncertainty, forcing banks to instill confidence in the financial system.

The governor of the Bank of England will inject 250 billion pounds of foreign currency liquidity to try and stabilise markets and the Swiss central bank has also intervened.

Listen to the full conversation from The Midday Report with Stephen Grootes:

Below are the number of searches for leave in the various voting districts in the UK.

Read More
New child passports in lieu of unabridged birth certificate next year

New child passports in lieu of unabridged birth certificate next year

Families traveling overseas may have an easier time navigating the borders once the child passport is introduced in February 2017.

Minimum wage will apply to foreign nationals, says Ramaphosa

Minimum wage will apply to foreign nationals, says Ramaphosa

Once an agreement has been reached on the minimum wage figure, it will have an effect on every worker in SA, says Deputy Pres.

7 ways MultiChoice plans to kill off DStv repeats

7 ways MultiChoice plans to kill off DStv repeats

MultiChoice is responding to DStv subscribers complaints about too many repeats by revamping their product and freshening content.

David Cameron resigns as Prime Minister after Brexit vote

David Cameron resigns as Prime Minister after Brexit vote

British Prime Minister, David Cameron, has resigned after the vote in favour of leaving the European Union (EU).

Calls for Cameron to resign after Brits vote to leave the EU

Calls for Cameron to resign after Brits vote to leave the EU

David Cameron faces calls for him to resign after a 52% in favour of a vote to leave the European Union.

If UK opts for 'Brexit', political uncertainty and economic turmoil may follow

If UK opts for 'Brexit', political uncertainty and economic turmoil may follow

UK citizens are set to vote on a crucial decision about whether to stay or leave the European Union. These are the implications.