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Poll Sees ANC Losing Majority as Popularity Slides

SOUTH AFRICA
  • Daily Maverick report on recent nationwide polling, which sees the ANC losing their majority if an election was held tomorrow. They see ANC garnering 42% of the vote, with most voters noting uncertainty surrounding the leadership as well as the leadership conference in December this year. The pieces writes that voters see ‘two ANCs’ and are unsure which one will be contesting elections in 2024.
  • Eskom have responded to proposals from the energy regulator Nersa, warning that electricity prices will rise sharply if the regulator go ahead with pricing methodology changes that look to price energy according to the production costs tied to the specific power stations providing the electricity.
  • Some attention may be paid to the Supreme Court of Appeal later today, who address the powers of the correctional services department who had granted former President Zuma medical parole after just two months of his sentence. Notably, Arthur Fraser was the head of the department when granting the parole – and has since levied accusations against President Ramaphosa, triggering the Phala Phala farm scandal.
  • Data highlights this week include the June retail sales release on Wednesday, with the Treasury also selling 2030, 2037 and 2048 bonds tomorrow.
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