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ANC's NEC Enforces Step-Aside Rule for Members Contesting Leadership Positions

SOUTH AFRICA

LOCAL NEWS (Public Holiday: Freedom day)

  • The ANC's NEC resolved that members affected by the step-aside rule will no longer be eligible to contest for party positions or leadership positions at any level going forward. This is seen as a notable victory for the Ramaphosa camp. – News24
  • ANC’s draft discussion document on the economy prepared for its December conference contains some innovative proposals on land reform incentives, strongly promotes a competitive electricity supply market with less red tape, the disposal of stakes in SOEs and a greater focus on skills & education than ever before – Fin24
  • Sibanye-Stillwater refuses to increase current wage offer to striking workers. Comes after the miner boosted its wage offer to R850/m vs R700 prior and was rejected by unions still calling for R1000/m. SSW said it would not revise the offer higher as it had a number of key stakeholders to consider – SABC
  • Govt official says it will cost SA R1tn by 2030 to wean itself off coal and focus on renewables, battery storage, electric vehicles and setting up a green hydrogen economy. – IOL News
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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