US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SOUTH AFRICA: Shivambu Appointed MK Party SecGen, Eskom In Talks With Jo'burg

SOUTH AFRICA
EM BulletBulletGlobalEmerging Market NewsRegion
  • Former deputy leader of the Economic Freedom Fighters (EFF) Floyd Shivambu has been appointed Secretary General of ex-President Jacob Zuma's uMkhonto weSizwe (MK) Party. Shivambu was the EFF's number two before jumping ship to the MK Party a few months back, which was followed by several more high-profile defections - although Shivambu insisted that these officials were not poached by Zuma's party. The string of defections has amplified tensions between the EFF and MK Party, who cooperate in the opposition "Progressive Caucus" in parliament, but compete for a similar electoral base.
  • Bloomberg reported that Electricity and Energy Minister Kgosientsho Ramokgopa will engage with Johannesburg Mayor Dada Morero and City Power executives later today to discuss the city's outstanding debt to Eskom. The utility has recently threatened to disrupt power supply to the city over unpaid bills.
  • BusinessDay reported that President Cyril Ramaphosa's lawyers will seek to persuade the Constitutional Court that a panel led by ex-Chief Justice Sandile Ngcobo relied on hearsay rather than hard evidence while preparing a report on the so-called Phala Phala scandal that could have led to Ramaphosa's impeachment. The case was brought by the EFF and ATM parties, who are challenging parliament's decision to ditch the report.
200 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Former deputy leader of the Economic Freedom Fighters (EFF) Floyd Shivambu has been appointed Secretary General of ex-President Jacob Zuma's uMkhonto weSizwe (MK) Party. Shivambu was the EFF's number two before jumping ship to the MK Party a few months back, which was followed by several more high-profile defections - although Shivambu insisted that these officials were not poached by Zuma's party. The string of defections has amplified tensions between the EFF and MK Party, who cooperate in the opposition "Progressive Caucus" in parliament, but compete for a similar electoral base.
  • Bloomberg reported that Electricity and Energy Minister Kgosientsho Ramokgopa will engage with Johannesburg Mayor Dada Morero and City Power executives later today to discuss the city's outstanding debt to Eskom. The utility has recently threatened to disrupt power supply to the city over unpaid bills.
  • BusinessDay reported that President Cyril Ramaphosa's lawyers will seek to persuade the Constitutional Court that a panel led by ex-Chief Justice Sandile Ngcobo relied on hearsay rather than hard evidence while preparing a report on the so-called Phala Phala scandal that could have led to Ramaphosa's impeachment. The case was brought by the EFF and ATM parties, who are challenging parliament's decision to ditch the report.