More opposition marches are expected on Tuesday, as South Africans around the country continue to call for president Jacob Zuma to step down. The biggest protest action today will be headed by Democratic Alliance leader Mmusi Maimane, who plans to lead a march against state capture to the Limpopo Provincial Treasury.”[President] Jacob Zuma and the ANC have normalised the abuse of the people’s money and institutions for self-benefit, while neglecting their duty to create jobs and build a better South Africa,” the DA said in a statement.
Meanwhile, president Zuma claims that opposition want him out because he is “trying to make black people wiser”. “If Zuma must leave because he is telling the truth, he cannot just walk away,” he said at an Easter sermon in Umgababa, south of Durban, on Sunday. He also noted that he was not concerned about “protest newbies”, those who had never marched before, and that the next president would also fight to alleviate poverty among black South Africans.
New finance minister Malusi Gigaba sets off on an international road show this week in a bid to restore confidence in SA. Gigaba’s first stop will be to meet with his other financial ministers at the World Bank Spring meetings in Washington, before heading to New York to meet with investors and ratings agency Moody’s.
Nearly half of Joburg’s roads are in such a bad state of disrepair that the Johannesburg Roads Agency (JRA) will need R1.38 billion each year for the next decade to repair them. In total, for the maintenance and rehabilitation of 891 bridges, new installations, maintenance and rehabilitation of stormwater infrastructure, rehabilitation and resurfacing of roads and upgrading gravel roads to tar, R19.5 billion is needed, with the current capital expenditure allocated being a mere R1.4 billion.
The markets look to open this week on the front foot after a four day Easter weekend. On Tuesday, the rand was trading at R13.35 to the dollar, R16.78 to the pound and R14.21 to the euro.