Ramaphosa Promises More Aggressive Reforms, Even if it Threatens Re-Election

LOCAL NEWS

• Ramaphosa promises a more aggressive implementation of his reform agenda even if it threatens his prospects for a second term as ANC president as the party approaches its elective conference in December.
  • Ramaphosa said that organizational discipline was “non-negotiable” in 2022 and that voters had shown that a zero-tolerance approach to corruption was needed
• Ramaphosa says the ANC will push forward with the issue of land expropriation without compensation in 2022, despite the refusal of other parties in Parliament. Notes this process will promote economic development for the benefit of all
• Stakeholders have until 14 Jan to submit comments to energy regulator NERSA on Eskom tariffs that could increase by more than 40%. Both NERSA scenarios show increases of 40% that depend on whether Eskom can retrieve unpaid tariffs over the next two years
• Pressure is being placed on the National Prosecuting Authority (NPA) to act on the findings of the Zondo report and bring charges against thos implicated in state capture. Ex-SARS commissioner & SAA Chair Tom Moyane & Dudu Myeni are the first in the crosshairs among many others, and public pressure for the NPA to bring charges is mounting
• MTN moves to stop Telkom from further delaying the rollout of spectrum with the ICASA auction scheduled for March.
  • Comes after Telkom made a court appeal to halt the process last week that is set to create a boot for telecoms investment and improve data speed and access for SA citizens significantly

Data:

• NAAMSA vehicle sales Dec: exp at 4.5% vs 6.6% prior