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DA Lays Criminal Charges Against HealthMin Mkhize, Virus Cases Remain >5,000

SOUTH AFRICA

LOCAL NEWS

  • DA party lays criminal charges against HealthMin Mkhize in line with the R150m irregular tender allegations currently pressuring him to step aside.
    • Mail & Guardian reports that Mkhize is supposedly preparing to step aside from his position.
    • The scandal is an issue for Ramaphsoa's anti-corruption drive as Mkhize is a close political ally and high-ranking member of the ANC. An unwillingness to act swiftly could undermine Ramaphosa's anti-corruption credibility
  • SA records 5,361 new cases and 54 deaths with cases holding above 5k for a second consecutive day as third wave risks rise
  • ANC interim provincial committee in the Free State warns it will take action against those who won't abide by the step aside resolution.
    • Notes three members under scrutiny and warns they would not be welcome in the party (irrespective of factional alliances) unless they respect its resolutions and step aside voluntarily
  • BofA says ZAR outperformance is far from over. Says ZAR has been lagging the copper recovery and terms of trade, providing more scope for short-term catch-up.
    • Says despite it being expensive by bank's models BofA sees no clear catalyst for short-term (3-6 months) weakness and may reach 13 by year end - bbg
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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