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Ramaphosa Calls Special Cabinet Meeting To Discuss Eskom Corruption
The Mail & Guardian reports that President Cyril Ramaphosa has called an emergency Cabinet meeting for tonight as allegations surrounding corruption in South Africa's electricity utility Eskom came to light. The outlet cites comments from government communications czar Michael Currin, who reportedly said he has not seen the agenda of the meeting. Regular Cabinet meetings are typically held on Wednesdays.
- According to the Mail & Guardian, the meeting will be held around 10pm local time. Unidentified insiders told the outlet that the purpose of the meeting is to discuss the state of disaster announced to deal with the ongoing energy crisis.
- In addition, Ramaphosa is reportedly in the process of consultations surrounding the imminent appointment of the new Electricity Minister amid speculation that the leader could soon announce the widely expected Cabinet reshuffle.
- The M&G notes that ANC National Working Committee, the party's top decision-making body, is locked in a meeting which may continue until the evening. Officials are debating the tell-all interview given by promptly dismissed Eskom CEO de Ruyter.
- The then-Eskom boss last week told reporters that the electricity utility fell prey to widespread corruption and theft perpetrated by the ANC administration. The interview led to his immediate dismissal.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.