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PP Perjury Trial Delayed; NEC Postpones 'Step Aside' Meeting in Further Capitulation

SOUTH AFRICA

LOCAL NEWS

  • Public Protector Mkhwebane's case on 3 counts of perjury delayed to March 25th this morning. Charges linked to SARB's Bankorp bailout after the constitutional court found she lied under oath an presented a number of falsehoods in the course of litigation - EWN.
    • Another damning ruling against her should add weight to DA Party's push to have her removed from office, which would be broadly positive due to her historic moves to obstruct Ramaphosa's reform agenda.
  • ANC postpones NEC meeting due Friday where the 'step aside rule' was expected to be discussed.
    • Deferment of this issue does not bode well, showing division with the NEC as some members (aside from Magashule) are also seen to be compromised.
  • SA seen to be paying double the rate of EU for Covid vaccine from India's SII at $5.25/dose negotiated from AstraZeneca in 2020. Adding fiscal difficulties to the ailing the rollout programme - BusinessDay
  • two prominent local economists expect rates unchanged at today's SARB - expecting a conservative approach with the SARB having "done enough to support the economy as much as it can to support the economy for now" - SABC News
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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