Race for Deputy President May Be More Competitive than Expected after Mpumalanga Conference

LOCAL NEWS

• Political analysts say the race for ANC deputy president could be more competitive than expected following last week’s Mpumalanga elective conference, while Ramaphosa seems likely to secure a second term.
  • Says there will be no major large group of people that are likely to push for Mabuza to serve another term as deputy PM, however. – Daily Maverick https://www.dailymaverick.co.za/article/2022-04-06...
• Moody’s says it is uncertain that the R88bn allocated to Eskom to 2026 will move the needle on improving its performance in the context of the latest regulatory determination, high commodity price environment, and a risk of a further increase in bad debt from the municipalities.
  • Says a debt solution remains a possibility and the outcome of ongoing work could be announced within this financial year. However, at this stage, it is unclear what, if any, form of debt relief will be implemented – BusinessTech
• Sunflower & canola oil prices have risen 55% & 40% respectively in the last 2-months and are expected to rise further. A 2L bottle is expected to rise as high as R100-120, with many of the full price changes yet to be reflected in SA and remain elevated for the next 6-months – Business Insider

Data:

• 1200BST: Feb Electricity production y/y, -1.1% prior
• 1200BST: Feb Electricity consumption y/y, -0.2% prior