Ramaphosa Considers Changing SOE Ministries, ANC NWC Snubs Magahsule

LOCAL NEWS

• Ramaphosa says he is considering changing the ministries responsible for some SOEs including eskom to better align them with their functions. Eskom may be transfered to minerals & energy ministry, under Gwede Mantashe.
  • Denel may move to the defense ministry & SAA could shift to transport.
  • Sources noted DPE Minster Gordhan's fate is unclear. More clarity may be provided if Ramaphosa reshuffles his cabinet.
  • The move, if implemented, could slow attempts to move Eskom away from using coal to generate electricity and reduce greenhouse-gas emissions.
  • Mantashe, a former labor-union leader who worked in the coal industry, backs the continued development of coal-fired power plants
• ANC National Working Committee contradicts SG Magashule's recent attempt to widen the scope of the step-aside resolution, saying only those facing serious charges or corruption will be asked to step aside.
  • This is yet another snub from the party as Magahsule tries to bog down the process for his removal
• Zuma continues to defy courts, saying he will not make a submission to the Constitutional Court on what his sentence should be if he is found guilty of contempt.
  • Instead, Zuma has once again claimed unfairness and bias from the judiciary and that he was ready to be a 'prisoner of the Constitutional Court', daring the courts to arrest him, and threatening social and political unrest as the fallout
• State Airline SAA appoints 5th CEO in 5 years Thomas Kgokolo (qualified CA with asset management experience) who will act as interim CEO for now with the hope that this will expedite the mostly stalled 15-month business recuse process.
  • He is tasked with handing over the business rescue procedure to interim management and board once rescue proceedings have been completed. SAA pilots remain on strike over non-payment, making business rescue progress slow