Suspended SG Magashule Says ANC Manipulating Sub-Committees for Factional Gains

LOCAL NEWS

• Suspended ANC SG Magashule says ANC leadership is manipulating sub-committees for factional interests through a leaked document that proposes changes to NEC portfolios, such as economic transformation, health, education and legal/constitutional affairs.
  • Says this makes the National Working Committee (NWC) the key decision body vs the national elective committee (NEC). Says this may be a move to deal with anti-Ramaphosa ANC members before the party’s elective conference in December – EWN.
• This fits with rumours that Ramaphosa is looking to create a ‘parallel state’ of loyalists as many in the NEC are factionally opposed to the President.* Unions AMCU & NUM begin mining strike yesterday at Sibanye-Stillwater – demanding a R1000 rise for underground and surface workers and a 6% increase for artisans, miners & officials. Sibanye has said its offer remains R700 & 5% respectively – EWN
• Expert warns Eskom may Ruin out of money for diesel as global prices soar. As noted yesterday’ Eskom is using 9m litres/day and shipping vessels can typically only deliver 40m litres. Running costs of open cycle gas turbines has risen 40% to R70k/day and the current rate of increase may put pressure on Eskom’s liquidity and threaten its ability to continue buying diesel if prices go higher. Eskom has spent R10bn YTD on diesel – MoneyWeb
• IR & Cooperation Minister Pandor says SA is in favour of a single currency for the African region backed by the continental central bank to boost trade with local partners.
• Pandor said the long term objective is harmonisation of fiscal & monetary policy in the SADC region and says negotiation on the process is underway - Fin24