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Govt Eyes Special Court to Fast-Track Zondo Corruption Cases, Eskom Warns of 4000mw Shortfall

SOUTH AFRICA

LOCAL NEWS

  • Govt is considering opening a special court to fast-track corruption cases with a focus on the Zondo state capture report.
    • Local Judge urged govt to follow through on this as many citizens had lost faith in SA’s ability to prosecute high-ranking cases
  • Eskom warns of 4,000mw shortfall for 2022 and increased risk of power cuts in the near-term as companies and schools are set to resume full operations this week.
    • 2021 saw 47 days of power cuts (load-shedding) and the outlook remains “particularly tricky” for 2022 according to the Eskom Spox. Positively, the Kusile station’s 4th unit is expected to be operational within the next few months
  • Tourism Minister Lindiwe Sisulu appears to be making moves towards applying for ANC president at the December NEC – and is the first major RET-affiliated member to signal intent and potentially represent the faction.
    • Sisulu ran in 2017 and lost to VP David Mabuza. Analysts personally believe she lacks the control over the political machinery to make a successful bid against Ramaphosa, however

Data:

  • 1100GMT: Nov Manufacturing prod SA m/m exp at 5.1% vs -5.9% prior
  • 1100GMT: Nov Manufacturing Prod NSA y/y exp at -3.6% vs -8.9% prior
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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