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SOUTH AFRICA: Ex-President Zuma Faces ANC Disciplinary Hearing

SOUTH AFRICA
  • The African National Congress (ANC) holds a hearing on whether to expel ex-President Jacob Zuma after he backed the newly formed uMkhonto weSizwe (MK) Party and tried to run in the recent general election from its lists, before a court prevented him from doing so due to his earlier prison sentence. The former head of state remains suspended as member of the ANC but has not yet been removed from the ranks of South Africa's largest party. The disciplinary hearing will take place online 09:00BST/10:00SAST.
  • International Relations and Cooperation Minister Ronald Lamola said that South Africa sent a delegation to engage with both Republicans and Democrats and will work with whoever forms the next US administration. Lamola was meeting his UK counterpart in London, noting that himself and Foreign Secretary David Lammy agreed on most issues, except on how to resolve the Russia-Ukraine conflict.
  • The IMF left South Africa's 2024 growth forecast at +3.2% Y/Y and warned that borrowing costs could stay higher for longer, while urging the country to address fiscal challenges.
  • Statistics SA will release retail sales data for May at 12:00BST/13:00SAST.
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