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Ramaphosa Says Parts Of Russiagate Report Must Stay Secret

SOUTH AFRICA
  • President Cyril Ramaphosa told lawmakers to come to terms with the fact that parts of the report on the Lady R scandal will be kept secret to avoid compromising the work or safety of South African security forces. He added that he had full confidence in the findings of a probe into the matter conducted by an independent panel composed of three legal experts.
  • The Mail & Guardian reports that Public Enterprises Minister Pravin Gordhan has come under scrutiny at the latest meeting of the ruling African National Congress (ANC) National Working Committee (NWC), drawing criticism for a series of resignations at state-owned enterprises (SOEs).
  • Deputy Finance Minister David Masondo noted that South Africa has begun talks with the World Bank to extend a $1bn loan to support Eskom and Transnet amid their ongoing operational and financial problems.
  • South Africa's manufacturing production grew 1.6% Y/Y in August, exceeding the +2.3% consensus forecast, data released yesterday showed. Mining output fell 2.5% against expectations of a 2.0% contraction.
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