{"id":840444,"date":"2025-10-21T08:19:07","date_gmt":"2025-10-21T06:19:07","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=840444"},"modified":"2025-10-21T08:19:14","modified_gmt":"2025-10-21T06:19:14","slug":"goodbye-load-shedding-and-ramaphosa-and-anc-triple-down-on-bee","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/840444\/goodbye-load-shedding-and-ramaphosa-and-anc-triple-down-on-bee\/","title":{"rendered":"Goodbye load shedding, and Ramaphosa and ANC triple down on BEE"},"content":{"rendered":"\n<p>Markets gained on Monday as investors looked to inflation data coming out this week and the possible removal of South Africa from the FATF grey list.<\/p>\n\n\n\n<p>The Financial Action Taskforce (FATF) will hold its reviews from Wednesday, 22 October to Friday, 24 October\u2014meaning South Africa could be off the list by the weekend.<\/p>\n\n\n\n<p>ETM Analytics said in a research note that South Africa remains on course to exit the FATF&#8217;s grey list of countries under increased scrutiny.<\/p>\n\n\n\n<p>&#8220;Removal from the grey list may not have the same mechanical impact of increasing portfolio flows immediately, but it would lend the ZAR greater support over the medium to long term, and at the very least, remove one reason for not exposing a portfolio towards South Africa,&#8221; it said.<\/p>\n\n\n\n<p>The rand strengthened to 17.2425 against the dollar, up 0.6% from its Friday close, a position it has held in early trade on Tuesday.<\/p>\n\n\n\n<p>Domestically-focused investors will scrutinise September consumer price inflation data this week for clues on the health of Africa&#8217;s largest industrialised economy.<\/p>\n\n\n\n<p>Economists anticipated flat or limited upside inflationary pressure in the reading, with a marginal 0.1% m\/m increase. <\/p>\n\n\n\n<p>This would translate to 3.3% y\/y, in line with last month&#8217;s reading and close to the central bank&#8217;s target of 3.0%. Economists polled by Reuters expect inflation to edge up to 3.5% from 3.3% in August.<\/p>\n\n\n\n<p>The dollar was again down against a basket of currencies as investors awaited upcoming US-China trade talks and US inflation data this week.<\/p>\n\n\n\n<p>On the Johannesburg Stock Exchange, the Top-40 index was last up 0.8%. South Africa&#8217;s benchmark 2035 government bond was stronger, as the yield fell 10.5 basis points to 8.92%.<\/p>\n\n\n\n<p>On Tuesday, the rand was trading at R17.24 against the dollar, R23.08 to the pound and R20.04 to the euro. Gold is trading at $4,333 an ounce, and oil is stable at $61.01 a barrel.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5 important things happening in South Africa today<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Kgosientsho-Ramokgopa.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Kgosientsho-Ramokgopa-1024x576.jpg\" alt=\"\" class=\"wp-image-822947\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Kgosientsho-Ramokgopa-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Kgosientsho-Ramokgopa-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Kgosientsho-Ramokgopa-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/Kgosientsho-Ramokgopa.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Goodbye load shedding:<\/strong> Electricity and energy minister Kgosientsho Ramkgopa says South Africa\u2019s new Integrated Resource Plan (IRP) is designed to ensure the country\u2019s residents never experience load-shedding again. Ramokgopa said ensuring a stable power supply is critical to reviving the South African economy, which suffered during frequent electricity outages. The R2.2 trillion IRP 2025 envisages a power mix less reliant on coal, with increased contribution from wind, solar, gas and nuclear. [<a href=\"https:\/\/mybroadband.co.za\/news\/energy\/614731-permanent-end-to-load-shedding-in-south-africa.html\"><strong>MyBroadband<\/strong><\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong style=\"color: initial;\">ANC triples down on BEE:\u00a0<\/strong><span style=\"color: initial;\">President Cyril Ramaphosa and the ANC have hit back at the Democratic Alliance&#8217;s proposed laws to do away with race-based laws and replace them with non-race-based ones.<\/span> The ANC refuted claims that BEE only benefitted people connected to the party and said the DA was trying to take South Africa &#8220;back to apartheid&#8221;. Ramaphosa, meanwhile, said BEE is rooted in the Constitution and was unbothered by the proposals. [<a href=\"https:\/\/newsday.co.za\/south-africa\/7787\/the-da-wants-to-take-us-back-to-apartheid-anc\/\"><strong>Newsday<\/strong><\/a>, <strong><a href=\"https:\/\/www.ewn.co.za\/2025\/10\/21\/ramaphosa-downplays-das-proposal-on-bee-says-policy-applies-without-any-dilution\">EWN<\/a><\/strong>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Social unrest warning:<\/strong> South Africa\u2019s law enforcement agencies, plagued by corruption and mismanagement, are increasingly unable to contain widespread organised crime and rising social instability. This may be exacerbated by the ANC\u2019s weakening grip on power, with its patronage networks fracturing as the party appears to be losing South Africans\u2019 support. Rising political instability is coupled with increased social discontent, as communities protest poor service delivery. [<a href=\"https:\/\/dailyinvestor.com\/south-africa\/106460\/social-unrest-warning-for-south-africa-6\/\"><strong>Daily Investor<\/strong><\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Call for electricity price relief:<\/strong> Union federation Cosatu has called on the government for immediate electricity price relief to put an end to the job bloodbath happening in the country. The union wants to meet with its alliance partner, the ANC, to find a solution. Relentless electricity price increases have put immense pressure on industries, which Cosatu says is leading to thousands of jobs being lost as they shut down. This is outside the direct pressure the price hikes have on households, who are also suffering. [<a href=\"https:\/\/www.timeslive.co.za\/news\/south-africa\/2025-10-21-cosatu-calls-for-urgent-electricity-price-relief-in-meeting-with-anc\/\"><strong>TimesLive<\/strong><\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Schools not offering maths or science:<\/strong> Several hundred public schools in South Africa do not offer critical STEM subjects to matric learners, with 476 not offering mathematics, putting learners at a disadvantage for future studies and employment. Of the 6,933 public schools in South Africa, 482 (6.95%) don\u2019t offer Mathematics, 859 (12.39%) don\u2019t provide Physical Science, 2,622 (37.82%) don\u2019t offer Accounting, and 2,988 (43.1%) don\u2019t offer Economics. [<a href=\"https:\/\/newsday.co.za\/south-africa\/7641\/over-470-public-schools-in-south-africa-do-not-offer-mathematics\/\"><strong>Newsday<\/strong><\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Here are 5 important things happening in South Africa today, Tuesday, 21 October 2025.<\/p>\n","protected":false},"author":10,"featured_media":840448,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[23860,1165],"class_list":["post-840444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-anc-ramaphosa","tag-load-shedding"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=840444"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840444\/revisions"}],"predecessor-version":[{"id":840449,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840444\/revisions\/840449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/840448"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=840444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=840444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=840444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}