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ConCourt To Rule On Ex-President Zuma's Eligibility To Stand In Elections

SOUTH AFRICA
Political Risk BulletEM BulletHomepageBulletPolitical RiskEmerging Market News
  • The Constitutional Court is expected to rule on ex-President Jacob Zuma's election ban at 09:00BST/10:00SAST. The Electoral Court had earlier overruled the ban, but the Independent Electoral Commission (IEC) appealed the decision to the apex court. The IEC is arguing that Zuma should not be allowed to stand in elections due to his 15-month prison sentence in 2021. The former President leads the candidate list of the MK Party, which has been targeted by a number of lawsuits filed by the ruling African National Congress (ANC).
  • President Cyril Ramaphosa "noted the concerns expressed by some business leaders about his signing into law of the NHI Bill," according to his spokesperson Vincent Magwenya, and is considering how to give the private sector a greater say in the way it is implemented.
  • Electricity Minister Kgosientsho Ramokgopa said that Eskom managed to boost its generation capacity by identifying and fixing six power stations responsible for 70% of all losses. However, this created a new problem, "which is that we are generating more electricity than we need" and some machines must be put on cold reserve.
  • S&P affirmed South Africa's sovereign credit rating at BB- with a stable outlook after hours on Friday, without releasing a report.
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  • The Constitutional Court is expected to rule on ex-President Jacob Zuma's election ban at 09:00BST/10:00SAST. The Electoral Court had earlier overruled the ban, but the Independent Electoral Commission (IEC) appealed the decision to the apex court. The IEC is arguing that Zuma should not be allowed to stand in elections due to his 15-month prison sentence in 2021. The former President leads the candidate list of the MK Party, which has been targeted by a number of lawsuits filed by the ruling African National Congress (ANC).
  • President Cyril Ramaphosa "noted the concerns expressed by some business leaders about his signing into law of the NHI Bill," according to his spokesperson Vincent Magwenya, and is considering how to give the private sector a greater say in the way it is implemented.
  • Electricity Minister Kgosientsho Ramokgopa said that Eskom managed to boost its generation capacity by identifying and fixing six power stations responsible for 70% of all losses. However, this created a new problem, "which is that we are generating more electricity than we need" and some machines must be put on cold reserve.
  • S&P affirmed South Africa's sovereign credit rating at BB- with a stable outlook after hours on Friday, without releasing a report.