5 important things happening in South Africa today

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

  • The ANC appears to be headed for a showdown with itself, with apparent backers of Ace Magashule and former president Jacob Zuma now sitting in crucial portfolio committee positions, and reportedly vowing to give Cyril Ramaphosa’s ministers a hard time. A Magashule ally in the NEC told the City Press that they would use the position to ‘marshal’ Ramaphosa’s team – particularly those who refuse to implement the ANC’s resolutions. [City Press]
  • Investors are worried about government’s promise to deliver more bailouts to Eskom. While the move to bring forward the debt rescue plan is good news for the crisis-hit power utility – there is still no clarity on the actual plan of action for the group, which has irked investors. Until there is a clear plan, and the actual numbers have been made public, there is no way to determine the fiscal impact of the move. [Bloomberg]

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5 important things happening in South Africa today