First Take SA SAfm

The Financial Sector Conduct Authority has issued a stern warning for South Africa's youth to caution against the dangers of irresponsible and excessive gambling, following concerning findings in its recent Financial Literacy Baseline study. The survey examines the financial knowledge, attitudes, and behaviours of adult South Africans as part of ongoing efforts to better understand, monitor, and promote financial literacy in the country. This year, the FSCA found that 37% of young South Africans who participated, feel that risk-taking is an important part of their lives, with 25% extending the risk to their financial decisions. For more on this Elvis Presslin spoke to Head of Consumer Education at the Financial Sector Conduct Authority, Lyndwill Clarke

The United Democratic Movement (UDM) has confirmed that its Deputy President, Nqabayomzi Kwankwa, was kidnapped while traveling to Cape Town Airport yesterday and has since been rescued. The party has also revealed that a ransom of R10,000 was paid to secure his release. For more on this Elvis Presslin spoke to president of United Democratic Movement, Bantu Holomisa 

Police in KwaZulu-Natal have activated a 72-hour mobilisation of maximum resources in search of an unknown number of suspects who shot and killed six people and injured four others in the Entshele area, in Ezakheni. Police say 12 people were travelling in a bakkie on Helpmekaar Road when an unknown vehicle approached and its occupants opened fire at the occupants of the bakkie. Six people were declared dead at the scene, while five others survived the shooting and were rushed to a nearby hospital. For more on this Elvis Presslin spoke to KwaZulu-Natal police spokesperson, Colonel Robert Netshiunda

The government of South Africa has announced its readiness to host the inauguration of President-elect Cyril Ramaphosa, marking the beginning of the 7th Administration. The ceremony will take place today at the Union Buildings in Pretoria. This event also commemorates 30 years of freedom and will include a cultural program preceding the formal proceedings. For more on this Elvis Presslin spoke to GCIS Acting DG Nomonde Mnukwa

President-elect, Cyril Ramaphosa will be sworn in today at the Union Buildings after securing re-election for a second term during the National Assembly's first session. There is significant anticipation regarding his cabinet appointments. This comes after forming a Government of National Unity with the DA, IFP, and other parties. For more on this Elvis Presslin spoke to Professor William Gumede, Executive Chairperson of the Democracy Works Foundation, and Associate professor School Of Governance at Wits University

With South Africa establishing a Government of National Unity (GNU) to address the election results and focus on reducing unemployment, poverty, and inequality, Professor Raymond Parsons from the NWU School of Business & Governance says that the success of the GNU will depend on its deliverables. These include effective collaboration with the private sector and bolstering the National Treasury. For more on this Elvis Presslin spoke to Economist Prof Raymond Parsons from the Northwest University School of Business and Governance (SBG) and a Special Policy Advisor to Business Unity South Africa (BUSA)