5 important things that happen in South Africa today
This is what is happening and affecting South Africa today :
- The ANC ethics committee is analyzing 22 party members who have raised questions about them, including vice president David Mabuza and mining minister Gwede Mantashe. Among the names are those that were allegedly turned over to the IEC regarding their eligibility for the election. [ City Press – South Africa today ]
2. Comments from the Reserve Bank governor, Lesetja Kganyago, have damped hopes that South Africa could see reductions in rates this year. The governor said that although inflation expectations have decreased, he wants to see evidence that future inflation will be lower. [ Workday – South Africa today ]
3. The general secretary of the ANC, Ace Magashule, has been accused of voting, after being handed an R400 voter while campaigning in the Western Cape. The district attorney filed a formal complaint with the IEC on the matter and, if convicted, Magashule could be fined. [ EWN – South Africa today ]
4. Former President Jacob Zuma is once again defending his “nine lost years” and says critics who claim that political uncertainty in his time as president is wrong. In particular, I have pointed out to the main leaders of the party that they are making the claims, saying that they were part of the processes and results that they now criticize. [ Mail & Guardian – South Africa today ]
5. The South African rand weakened beyond the threshold of R14.00 per dollar early Friday, with data pointing to weak economic growth, but fell below those levels at the end of the week. On Monday, the rand was at R13.94 per dollar, R18.26 per pound and R15.78 per euro.