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
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
'Parliament should have proper inquiry into Mkhwebane's fitness to hold office'

'Parliament should have proper inquiry into Mkhwebane's fitness to hold office'

DA's John Steenhuisen says Parliament should investigate the public protector after the findings against her.

Pule Mabe was never alone in hotel room with assistant - ANC NEC's Sdumo Dlamini

Pule Mabe was never alone in hotel room with assistant - ANC NEC's Sdumo Dlamini

ANC's Sdumo Dlamini says party spokesperson Pule Mabe free to return to work after he being cleared of sexual harassment charges.

Black gay men can be misogynists, and here's what a few have to say about it

Black gay men can be misogynists, and here's what a few have to say about it

Presenter Eusebius McKaiser hosted a panel discussion with black gay men exploring entrenched patriarchy and the dynamics at play.

Why rooibos tea price remains high despite improved rains

Why rooibos tea price remains high despite improved rains

MD at Rooibos Ltd, Martin Bergh explains the current high price of Rooibos tea.

[WATCH] Owner catches car thief off guard and thwarts vehicle theft in Springs

[WATCH] Owner catches car thief off guard and thwarts vehicle theft in Springs

The vehicle's owner came out of the store just in time to scare away the man attempting to steal his bakkie.

Johannesburg’s drive to create a smart city is rolling out

Johannesburg’s drive to create a smart city is rolling out

Vumatel is deploying 15 000 CCTV security cameras over the next five years to make Joburg's streets safer.

NSFAS to introduce R275 monthly allowance for student's personal use

NSFAS to introduce R275 monthly allowance for student's personal use

This is in addition to the food allowance that NSFAS funded students receive monthly, says spokesperson Kagisho Mamabolo.