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ANC Present New Push to Clean Up Party Image

SOUTH AFRICA
  • The ANC are considering giving voting power to all members going forward, allowing the rank-and-file of the party to select the leadership at December’s nomination conference, according to News24. Elsewhere, in an effort to restrict further the membership of the party, governing bodies are discussing whether to expel members found guilty of serious crimes. The move represents the latest in a series of measures to clean up the party’s image amid waning popularity. The proposals need a two-thirds majority in favour to pass and become policy.
  • Ahead of national and provincial elections in 2024, opposition parties that have found success in campaigning across Pretoria and Johannesburg are considering forming a broad coalition to face against the ANC. The coalition would be spearheaded by The Democratic Alliance and include several smaller parties.
  • As part of the ongoing inquiry into the suspension of the public prosecutor Mkhwebane, it had been rumoured that the President Ramaphosa could make an appearance in front of the Section 194 committee – an appearance at which he would have been grilled by Mkhewabane’s lawyer – who is also defending ex-President Zuma in a separate trial. Ramaphosa dodging the summons will spare the President from an inevitably awkward appearance in front of some of his largest detractors.
  • Ministers made final proposals over grant conditions yesterday, with the means-testing income level for relief grants raised to R624 per month, almost double the R350 threshold set previously. The changes will mean those eligible for payments will double to 10.5mln.
  • Business Day write that Q3 growth started off on strong footing, with Absa’s economic activity tracker showing household demand as well as private-sector conditions strengthened in July. Their gauge shows that spending rose 4.3% on the month, picking up from 1.2% in June.
  • Markets watch for South African retail sales due later today, expected to drop 0.2% on the month and drop 0.1% on a constant Y/Y basis. Opposition parties are also said to be convening a press conference to detail their next steps on holding Ramaphosa to account over the Phala Phala Farm scandal.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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