GNU trouble brewing, and Defence Department in hot water

Here’s what is happening and affecting South Africa today:

GNU tensions: Patriotic Alliance president Gayton McKenzie criticized President Cyril Ramaphosa and the ANC for what he labels as disrespecting the government of national unity (GNU) by failing to inform them before signing the Expropriation Act. He claimed Ramaphosa “stabbed us in the back.” The DA, the second-largest party in the GNU, called for a “reset” of their relationship, citing a lack of consultation. The FF Plus is launching legal action. [Daily Maverick]

Defence Department under fire: The South African National Defence Union have said that it took over 48 hours for the Department of Defence to respond to the situation in the Democratic Republic of Congo, where nine South African soldiers were confirmed dead after two days of fighting against the M23 rebel group. [EWN]

Coal export bright sparks: Coal exports from South Africa experienced a notable rise in 2024, representing the first significant increase in over five years. This upturn coincides with initial improvements in the nation’s logistics sector, which has been grappling with long-standing challenges related to rail performance. [Business Day]

Collapsed town: A BusinessTech series exploring the state of key towns in South Africa has shown that the small agricultural town of Coligny faces widespread water, electricity, and sanitation failures, making day-to-day living an increasingly difficult battle for residents. [BusinessTech]

Markets: On Monday (27 January) the rand is trading at R18.52/USD, R23.09/GBP and R19.38/EUR. Oil is trading under $77.93 a barrel.