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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessANC SecGen Blasts Coalitions, Says President Will Empower Electricity Min
- African National Congress (ANC) Secretary General Fikile Mbalula said that South Africa's economic problems were underpinned by "300 years of apartheid" and argued that "coalitions have not worked for this country". He also insisted that an international climate finance pact is responsible for the ongoing power cuts. The official was speaking in a debate of South African party leaders organised by The European House - Ambrosetti ahead of next year's general elections.
- Separately, Mbalula indicated that President Cyril Ramaphosa is looking to give more powers to Electricity Minister Kgosientsho Ramokgopa to facilitate efforts to end the national power crisis. Mbalula suggested that the proposal has the backing of the ruling party, as it could help accelerate the implementation of the Energy Action Plan before the upcoming elections.
- Deputy President Paul Mashatile urged parties to make submissions on a framework to govern coalitions ahead of the elections. He said that parties have had three months to make their submissions, but few have done so.
- ActionSA will ask President Ramaphosa to launch a probe into three Cabinet ministers allegedly involved in a ZAR5bn tender bribe in the Unemployment Insurance Fund (UIF).
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.