Motion of No-Confidence Against Ramaphosa & His Cabinet Goes Ahead Today

LOCAL NEWS

• Motions of no-confidence against Ramaphosa and his Cabinet will be held today (1300BST), as planned with the ATM’s bid for a delay on its own motion being rejected.
  • The vote will also not be held by secret ballot, but by roll call where members must vocally announce yes or no. The vote is not expected to pass, given the ANC’s majority – but voting will be interesting to gauge from a factional perspective ahead of the December ANC elective conference - News24
• Gold output at Sibanye Stillwater grinds to a halt as industrial action from unions NUM & AMCU enters its third week today. Unions remain resolute in their efforts to gain a R1000 wage increase for workers, while Sibanye has offered R700 - BusinessDay
• State rail agency Prasa is facing total collapse with its expenses far outstripping revenues, according to transport minister Mbalula. Says the company is reeling from a huge salary bill, made worse by many ghost workers on the payroll. Mbalula warns that the firm will likely need additional state funding – BusinessDay

Data:

• 1300BST: Feb Monthly budget balance exp at -0.6bn vs -65.9bn prior