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.


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

If you're gona be a hero (and smash a car window), make sure you can prove harm

If you're gona be a hero (and smash a car window), make sure you can prove harm

A criminal lawyer explains what leg citizens can stand on if they witness a child or pet locked in a vehicle in risky conditions.

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

The DA's James Selfe says it is not clear whether SABC's Hlaudi Motsoeneng will be either fired or suspended pending an inquiry.

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.

Popular articles
Vigilante mob attacks alleged criminals in Daveyton

Vigilante mob attacks alleged criminals in Daveyton

Tensions are rife in the East Joburg township as the community attacked and killed criminals.

[WATCH] Dad uses a drone to pull out son's tooth

[WATCH] Dad uses a drone to pull out son's tooth

Khabazela shares YouTube videos gone viral including a barmaid hitting a colleague who slapped her rear during a routine.

[Listen] Lottery responds to Tshepo's fraud claims

[Listen] Lottery responds to Tshepo's fraud claims

Philemon Letwaba says Tshepo's case relates to some of the issues that they are dealing with on a daily basis.

'Citizens have a right to ask for identification from police during a roadblock'

'Citizens have a right to ask for identification from police during a roadblock'

Major General Michael Mohlala explains the procedure of conducting a roadblock and what to do when you are stopped.