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D-Day For Magashule as NEC Reports on Weekend Deliberations

SOUTH AFRICA

LOCAL NEWS

  • ANC NEC to rule on the step aside order today after the special weekend NEC.
    • SG Magashule says he is appealing the step aside order, and has not vacated the position.
    • Magashule supporters are pushing for an early conference to elect new leadership of the party, saying the current leaders have spent the last 4 years on factional battles, leaving the party in 'auto-pilot'.
    • ANC expressed concern over a number of media leaks that occurred throughout the weekend
  • HealthMin Mkhize warns two new variants have been discovered in SA (UK & Indian) but says there is no cause for panic as all 4 Indian cases had been isolated.
    • The UK variant, however, has allegedly begun circulating the country. Mkhize says govt is still mulling travel restrictions.
    • 325k pfizer vaccines due to arrive next weekend, with phase 2 of vaccinations starting on 17 May
  • ANC Treasurer General says the party is looking at retrenching 50% of its staff in a "right-sizing" move
  • Moody's skipped last Friday's credit rating review with the next scheduled review now in November 2021
  • Ex-president Zuma loses his third legal team, this time being the lawyers representing him in the personal costs case.
    • Zuma is in the process of appealing a personal costs order against him, made by the High Court in 2017
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market News
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market News

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