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Lady R Report Due Ahead of BRICS Summit

SOUTH AFRICA
  • Ramaphosa’s report into supposed exports of arms to Russia is set for release in eight weeks, according to the President. A Presidency statement claims that an appointed panel (a retired judge, an advocate and a lawyer) will finalize the investigation in six weeks, then will be granted two weeks to submit the report to the President. Nonetheless, the statement adds that “an extension” can be granted if necessary.
  • Should the report be finalized and submitted on time, Ramaphosa will have the details just before the BRICS summit in August – at which Russian President Putin is on the invite list. Markets watch for whether the report confirms claims that the vessel was delivering, not receiving, ammunition.
  • City Press report that the chairwoman of the Central Energy Fund Ayanda Noah is being considered for a role as Eskom CEO – citing unnamed sources. She previously held a management position at Eskom in 2015.

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