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Parliament Postpones Vote On Phala Phala Report As Ramaphosa Fights Back

SOUTH AFRICA
  • Embattled President Cyril Ramaphosa applied to the Constitutional Court for a legal review of the Section 89 report and secured the backing of his African National Congress party, catching a breather amidst political turmoil that left his career hung in the balance. The Parliament's programming committee postponed a vote on whether to adopt the report and launch impeachment proceedings until December 13. This means lawmakers will debate the report just days ahead of the ANC's national elective conference, which kicks off on December 16, with Ramaphosa seeking another term as party leader.
  • The Organisation Undoing Tax Abuse (OUTA) has filed a criminal complaint against Deputy President David Mabuza, placing him at the top of a list of suspect accused of involvement in a ZAR25bn land claims scam.
  • South Africa's Q3 GDP will be published later today. The economy may have expanded 2.8% Y/Y, according to Bloomberg consensus, after growing 0.2% Y/Y in the previous quarter.

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