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SOUTH AFRICA: Another High-Profile Defection Threatens EFF-MK Cooperation

SOUTH AFRICA
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  • The Economic Freedom Fighters (EFF) has been hit by another high-profile defection to the uMhkonto weSizwe (MK) Party as Dali Mpofu, its former chairperson, decided to join ex-President Jacob Zuma's formation. This comes after the EFF dropped behind the MK Party in this year's general election, losing its status as the third-largest party in parliament. Over the following months, its deputy leader and veteran member Floyd Shivambu, as well as two other MPs, decided to join the MK Party. Speaking in a podcast on Thursday, EFF leader Julius Malema accused latest defector Mpofu of proposing that the EFF and several other parties should dissolve and unite behind Zuma's new political project, month before the MK Party was formally created. Although the EFF and MK are both part of the opposition Progressive Caucus in parliament, they promote similar economic policies and compete for similar electoral bases.
  • Eskom warned that it may have to interrupt power supply to the City of Johannesburg and City Power at some pre-determined times due to their unpaid debts to the utility, as it can "simply no longer afford to accommodate the CoJ without putting further financial strain on and harming its own business."
  • The National Treasury will sell 2.25% 2038, 2.5% 2046 and 2.5% 2050 linkers at an auction today.
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  • The Economic Freedom Fighters (EFF) has been hit by another high-profile defection to the uMhkonto weSizwe (MK) Party as Dali Mpofu, its former chairperson, decided to join ex-President Jacob Zuma's formation. This comes after the EFF dropped behind the MK Party in this year's general election, losing its status as the third-largest party in parliament. Over the following months, its deputy leader and veteran member Floyd Shivambu, as well as two other MPs, decided to join the MK Party. Speaking in a podcast on Thursday, EFF leader Julius Malema accused latest defector Mpofu of proposing that the EFF and several other parties should dissolve and unite behind Zuma's new political project, month before the MK Party was formally created. Although the EFF and MK are both part of the opposition Progressive Caucus in parliament, they promote similar economic policies and compete for similar electoral bases.
  • Eskom warned that it may have to interrupt power supply to the City of Johannesburg and City Power at some pre-determined times due to their unpaid debts to the utility, as it can "simply no longer afford to accommodate the CoJ without putting further financial strain on and harming its own business."
  • The National Treasury will sell 2.25% 2038, 2.5% 2046 and 2.5% 2050 linkers at an auction today.