Zondo Says 4th State Capture Report to Be Most Comprehensive Yet

LOCAL NEWS

• Judge zondo says the 4th and penultimate state capture report (due this week) will be the most comprehensive – covering Eskom, the Treasury and the Free State Asbestos scandal. However, the report has faced numerous delays (5 weeks) in its finalisation - BD
• Opponents of Ramaphosa say that his move to prohibit ANC members affected by the step aside rule from vying for leadership positions amounts to political opportunism. While this has been seen as a victory for Ramaphosa ahead of the December elective conference, it reflects the difficulties he faces in receiving unanimous support for his reform agenda - BD
• SA launches its new R20bn “bounce back” loan guarantee scheme as of 25 April that seeks to correct the many design flaws of the original one launched during covid-19 that mostly failed.
  • This scheme failed to entice appetite to borrow with only R18bn of the R200bn set aside being utilised. Banks insistence on personal surety for loans was a key sticking point, despite the loans being guaranteed. Now, the size has been reduced to R15bn for guaranteed loans, and R5bn for a business-equity linked guarantee scheme – Daily maverick
• https://www.dailymaverick.co.za/article/2022-04-27...

Data:

• 1030BST: Mar PPI y/y exp at 10.7% vs 10.5% prior
• 1030BST: Mar PPI m/m exp at 1.5% vs 1.1% prior