1. Prepare yourself for a massive petrol price hike in the first week of June. The latest calculations show that South African fuel users are currently facing increases of 74c/l for petrol, 81c/l for diesel, and 78c/l for paraffin.
2. The CEO of Denel has resigned due to personal reasons. Zwelakhe Ntshepe has been with the company for 20 years. He came under fire recently for his alleged role in extending a R1.1m bursary to the son of North West Premier Supra Mahumapelo.
3. Another high-profile resignation due to personal reasons: The deputy head of Absa has resigned midway through a two-month sabbatical. David Hodnett saw his position as head of SA banking basically disappear as part of a restructuring.
4. Steinhoff fell to a new record low yesterday. The JSE will take its cue from the Frankfurt Securities Exchange, which hosts the primary listing of Steinhoff, on whether it should suspend the listing.
5. A public sector strike is looming. The Public Servants Association will start balloting its members in favour of a strike. Civil servants want 10% and 12% wage hikes, and reportedly government is only offering 7% increases at junior salary levels and 6% for senior staff.
Statistics SA yesterday released the unemployment numbers for the first quarter of 2018, rate, which showed that the expanded jobless rate - which includes discouraged job seekers who have stopped searching for work - has increased to 36.7%.
Using the Statistics SA unemployment data, the independent analyst Johann Biermann compiled the following graphs: