5 important things happening in South Africa today
·8 Feb 2019
Here’s what is happening in and affecting South Africa today:
- Initial reviews from analysts and economists on president Cyril Ramaphosa’s state of the nation address are coming in. The verdict? It was a positive speech with some bold plans – but disappointed on the details of said action. Most would like to see some action on the promises, especially regarding corruption. [702]
- President Ramaphosa has announced that the national elections will take place on 8 May 2019. This does not count as the official proclamation of the date, and unregistered voters still have until then to head to the IEC offices to register. [TimesLive]
- South Africa is expected to get a new version of ‘the Scorpions’ – an elite investigative unit with the power to root out corruption at the highest levels. While details are scant, president Ramaphosa did indicate that a new specialised unit would be created to this effect, to help the new head of the NPA. [City Press]
- An NGO is trying to stop Multichoice’s listing on the JSE, having formally complained to Icasa saying that the media group needs to get Icasa approval and open up to public comment to do so. Multichoice says Icasa approval is not necessary. The group plans to list on 27 February. [ News24]
- South Africa’s rand weakened on Thursday against a broadly stronger dollar as investors prepared for President Cyril Ramaphosa’s state of the nation address (SONA). On Friday the rand was at R13.65 to the dollar, R17.68 to the pound and R15.48 to the euro.
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