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Consolidation Mode But Remains Bearish


Fails To Hold Onto Thursday’s High


'Big Tech' Bill Goes To Senate


Oil Up For Fifth Week On Supply Disruption, Geopolitics

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  • Senior labour official says government is readying mandatory vaccination policy that will likely be implemented early in 2022. Notes NEDLAC has come to a broad agreement on the matter but some details are yet to be ironed out.
    • SA’s largest union, Cosatu was initially against it but has now joined the chorus backing the move
  • ATM says it will push for a no confidence vote in Ramaposa through a secret ballot following Thursday’s supreme court of appeal ruling which set aside the Western Cape High Court’s verdict against the ATM’s motion two years ago.
    • ATM says the vote is justified on the grounds of SOEs collapsing under Ramaphosa’s watch and misleading parliament by saying there would be no more load-shedding
  • Eskom hands over details of 30 defaulting customers in the Emalahleni municipality in Mpumalanga in a bid to claw back R5bn owed in energy payments – threatening blackouts if residents fail to pay.
    • Authorities in the district say that high levels of unemployment have contributed to the growing trend of non-payment, but it’s residents, businesses and even some government departments that are at fault.
    • The struggling power utility is constantly engaging with defaulters and working out payment plans to recover losses