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SA Abstains from UNHR Vote on Russia; eThekwini Weekend Conference Eyed

SOUTH AFRICA

LOCAL NEWS

  • SA abstains from the vote to suspend Russia from the UN Human Rights Council alongside 53 other countries with the vote coming to 93 in favour and 24 against. SA called for an end to hostilities between Ukraine & Russia, but said that the decision undermined the credibility of the UNGA & HR council – News24
  • eThekwini regional conference set to get underway this weekend, with there having been no elected leadership in the province since 2018. The race is between Zandile Gumede & Thabani Nyawose (Ramaphosa ally) – SABC news
  • Ramaphosa urges SA diplomats to act as economic envoys in a quest to boost investment and trade. Says it is key to strengthen the African Continental Free Trade Area. Ramaphosa’s last investment conference attracted R332bn in fresh investment, bringing SA to 95% of its R1.2tn target from 2018 - BusinessDay
  • Citibank Economist Gina Schoeman says “I don’t think anyone is concerned about succession and how the Treasury is going to run itself” after the announced departure of director General Mogajane in June. She praised his 23 years of service and noted his significant positive impact on SA’s fiscal framework – CapeTalk
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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