5 important things happening in South Africa today
·5 Oct 2017
Here’s what is happening in and affecting South Africa today:
- Presidential hopeful Lindiwe Sisulu is making her presence known ahead of the ANC’s elective conference in December, saying in no uncertain terms that she has the country’s top position in sight, and won’t settle for anything less. Sisulu has pinned her campaign on the back of it being the only hope for the party to survive – otherwise it will continue to decline.
- Former finance minister Pravin Gordhan has slammed public enterprises minister Lynne Brown’s notion that those accused of being complicit in state capture are innocent until proven guilty. Gordhan questioned how a guilty verdict could be reached while the very structures that should reach that conclusion have been captured, and investigations drag on.
- South African mining bosses who boycotted a keynote address by mining minister Mosebenzi Zwane is calling for him to step down and be replaced. The sector is currently feuding with the minister of his controversial mining charter, which is forcing ‘radical economic transformation’ on the industry. Critics have said the charter will force foreign investors out of the country.
- Reserve Bank governor Lesetja Kganyago says that South Africa’s failure to act against corruption is destroying business confidence. He said that by not doing anything, the country gives the impression that it simply doesn’t take graft and criminality seriously.
- South Africa’s rand firmed on Wednesday, regaining ground after tumbling to its weakest in six months as the weaker dollar overshadowed data showing shrinking private sector activity at home. On Thursday the rand was trading at R13.60 to the dollar, R18.01 to the pound and R15.99 to the euro.
Loading ...