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(M2) Trend Needle Points South

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(M2) Bearish Focus

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(M2) Remains Below Resistance

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LOCAL NEWS

  • ANC wants all of its provincial elective conferences to take place before July according to party insiders.
    • This leaves the remainder of the year to focus on the national elective conference in December – these decisions will be made in the next two weeks following the two-day NEC meeting starting today. Organisational renewal is also expected to be discussed
  • Telkom softens its stance on spectrum lawsuit against ICASA, saying it will remove the first part of its court application to halt the march auction if the Telkom regulator and other parties agree to have merits heard urgently.
    • The release of spectrum is expected to be a major growth/development point for SA’s telecoms industry and provides access to cheaper data for citizens
  • Transnet National Ports Authority faces delays at its 8 Cape Town ports, with import/export companies reeling from a 9-day backlog. Wine and fruit operators have been hardest hit so far
  • ANC NEC Member (Justice Min) Ronald Lamola supports Ramaphosa’s second term as ANC president, citing stability and continuity as key reasons
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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