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Ramaphosa Stages Fierce Defence of State of Emergency Proclamation

SOUTH AFRICA
  • Local press largely focused on the declaration of a state of emergency and Ramaphosa’s defence of his State of the Nation address. Ramaphosa stated that the declaration would be used to mitigate the social and economic effects of load-shedding “and nothing else”. Today, Ramaphosa travels to Addis Ababa to attend the 36th Ordinary Session of the African Union Assembly of Heads of State.
  • ENCA writes that public sector trade unions are to continue to put pressure on the government in order to secure a 10% wage rise, with the strike mobilisation process underway to serve notice on the 22nd February. The report sees unions skipping a scheduled session with the finance ministry due to begin today, that’s seen as a basis for negotiations.
  • While COSATU and SAFTU union groups are expected to join the strike action, but the PSA union group did not join the media briefing, according to Moneyweb.
  • Central Energy Fund data shows March’s petrol price rises could be significant, with forecasts showing unleaded petrol could be increased by more than R1.20 a litre, while diesel may be hiked by 38c. The bulk of the price rise is due to the recent weakness in the ZAR, rather than fluctuations in the oil price.
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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