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Magashule Supporters Plan Revolt Vs Step-Aside Resolution; J&J Rollout Paused

SOUTH AFRICA

LOCAL NEWS

  • ANC SG Magashule reportedly working to mobilise a revolt against the NEC'S step-aside rule, with the help of supporters in various committees.
    • Columnist notes challenges to the step-aside decision are now being made at sub-committees.
    • Magashule has also unilaterally broadened the scope of the resolution (noted yesterday) to also include those facing allegations of corruption, which was not part of the ANC's wording.
    • Provinces have until Thursday to submit names of those implicated in corruption - a move which analysts say is intended to bog down the step-aside process
  • SA Medical Association says suspension of J&J vaccine rollout is not a cause for panic, as it is just a precaution, and should hopefully not last long. HealthMin Mkhize says he is hopeful it will last only a few days
  • Eskom warns the system remains under severe strain, with load shedding remaining a risk for the rest of the week.
    • Eskom was forced to implement load shedding late on Tuesday after breakdowns at generating units and delays in getting other units back online.
    • While load shedding was suspended at 05h00 this morning, because the group's energy grid is old and prone to breakdowns, the threat of rolling blackouts returning is ever-present
  • Eskom raises R76m in sale of two buildings that forms part of a broader R2bn plan to sell non-core property assets. Although this is a drop in the ocean for its R464bn in debt, it represents a positive step towards shoring up its balance sheet
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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