Public concern builds as Lindiwe Sisulu confirms Spurs deal is on the table – but denies championing it
(Daily Maverick) — Tourism minister Lindiwe Sisulu has confirmed that there is a deal on the table for SA Tourism to sponsor English Premier League football club Tottenham Hotspur to the tune of R1 billion.
The minister has, however, refuted claims that the deal has already been struck and says it is only a “memorandum of understanding” at this stage, which is non-binding. READ MORE.
DA opposes SA’s R1bn sponsorship deal ‘lunacy’ and will send a delegation to Tottenham to get answers
(News24) — The Democratic Alliance said it would send a delegation to the English soccer club to get answers over the sponsorship deal.
The DA said it would submit questions about how the deal came about, which tourism spokesperson Manny de Freitas termed “lunacy”. READ MORE.
Fed hikes rates by 25 basis points – more to come
(Daily Investor) — The US Federal Reserve hiked interest rates by 25 basis points overnight in a slowing of its aggressive rate hiking, but the central bank has promised there will be more increases to come this year.
The decision taken by the Federal Open Market Committee was in line with market expectations. READ MORE.
What’s happening in the markets?
(Business Day) — The JSE closed firmer as investors waited for the Fed’s decision, which only came out after the local bourse closed.
The All-Share Index gained 0.43% to 79,816.87 points while the rand was also firmer at R17.1622/$ after strengthening in line with emerging market currencies. At 05:57, the local unit was trading at R17.0309 against the greenback.
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