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Ramaphosa Outlines Post-Zondo South Africa

SOUTH AFRICA
  • Following criticism of the President from a number of senior members of the KZN ANC, the regional party issued a statement yesterday in defence of the President and against party in-fighting. The region is ex-President and arch Ramaphosa critic Zuma’s home province, which went against Zuma in backing Zweli Mkhize in this December’s elective conference.
  • President Ramaphosa has showcased his latest anti-graft credentials by installing the NPA’s Investigating Directorate as a permanent feature of a post-Zondo report South Africa. Similarly, ministers are now barred from playing any role in government tenders, with all ministers now subject to ‘lifestyle audits’ in order to rule out any wrongdoing.
  • Speaking late on Friday, SARB’s Kganyago has urged the government to stick to their plans for fiscal consolidation and for debt reduction. The comments come ahead of this week’s MTBPS on Wednesday, with the governor flagging that a healthier debt profile would reduce risk and allow for lower interest rates across the curve.
  • IOL writes that South Africa faces the risk of ‘fuel-shedding’ should the government fail to implement a 90-day strategic stock of fuel, with the recent Transnet strike action bringing the country close to running toward zero fuel supply.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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