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Few Signs of Fresh Policy to Tackle Eskom Crisis

SOUTH AFRICA
  • Following another weekend of load-shedding, Ramaphosa this morning has stated that interventions made by the government will result in lower severity of power cuts, however outages will not end in the short-term. The President again stressed that businesses and households should use electricity sparingly.
  • As one of the primary opponents for Ramaphosa ahead of December’s leadership campaign, Dlamini-Zuma has claimed that the ANC should work on reforming the step-aside rule, with her comments suggesting she would be more open to including those accused of crimes in party operations.
  • The comments align NDZ with the RET faction of the ANC, a part of the party with several members who are unable to stand for party positions due to historical accusations.
  • BusinessDay interviews GS economist Matheny, who states that fiscal policy shifts under the current government mean debt markets could stabilize as early as this year, with the government focused on reducing the budget deficit. Matheny adds that a lower debt/GDP ratio and higher growth could see SA’s sovereign rating upgraded.
  • No material releases due Monday, with focus on the PPI and trade balance due on Thursday and Friday respectively.
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  • Following another weekend of load-shedding, Ramaphosa this morning has stated that interventions made by the government will result in lower severity of power cuts, however outages will not end in the short-term. The President again stressed that businesses and households should use electricity sparingly.
  • As one of the primary opponents for Ramaphosa ahead of December’s leadership campaign, Dlamini-Zuma has claimed that the ANC should work on reforming the step-aside rule, with her comments suggesting she would be more open to including those accused of crimes in party operations.
  • The comments align NDZ with the RET faction of the ANC, a part of the party with several members who are unable to stand for party positions due to historical accusations.
  • BusinessDay interviews GS economist Matheny, who states that fiscal policy shifts under the current government mean debt markets could stabilize as early as this year, with the government focused on reducing the budget deficit. Matheny adds that a lower debt/GDP ratio and higher growth could see SA’s sovereign rating upgraded.
  • No material releases due Monday, with focus on the PPI and trade balance due on Thursday and Friday respectively.