Here’s what is happening in and affecting South Africa today:
- The ANC in KwaZulu Natal has a rocky time ahead of it following a court ruling which effectively disband’s the party’s provincial leadership. The pro-Zuma leaders affected by the ruling are gearing up to take the matter to the Supreme Court of Appeals, while it will be left to the ANC’s NEC to decide whether to proceed with fresh provincial elections or to appoint a team to govern.
- South African Airways’ financial crisis has hit a new low as the group has reportedly not paid suppliers for work done in July 2017, with indications that it has exhausted all cash reserves. The airline said it will pay suppliers during the course of this week, however nothing has been processed as yet. Some suppliers report that this has been the longest delay they have seen.
- While Cyril Ramaphosa and Nkosazana Dlamini-Zuma grab headlines as front-runners in the race to be the ANC’s next president, highly-placed sources have told Business Day that Zweli Mkhize may emerge as a strong contender with the help of David Mabuza and the Mpumalanga branch of the party. The ANC in the province seek a unified party, and a candidate who can achieve that.
- Disgraced PR firm Bell Pottinger has officially entered into administration as the company’s British arm has collapsed in the wake of the Gupta scandal in South Africa. The firm was booted from the UK’s PR body after it was found that it ran an unethical and racially divisive campaign for the Gupta family in the country.
- South Africa’s rand retreated on Tuesday as a resurgent dollar pushed back and wiped away early demand for risk currencies while turning up technical pressure on the local unit. On Wednesday, the rand was trading at R12.99 to the dollar, R17.29 to the pound and R15.56 to the euro.