Good morning. Here are the important stories you need to know today:
Phala Phala dollars came from animal sales, not money laundering, Ramaphosa tells MPs
In parliament on Thursday, President Cyril Ramaphosa once again faced a barrage of questions on the Phala Phala farm robbery but the president changed his attitude from demanding that due process plays out to one where he was willing to be slightly more open with his answers. Ramaphosa said the money stolen from Phala Phala was not from money laundering as has been asserted but rather the sale proceeds from cattle. (Daily Maverick)
Ramaphosa: police must say why no Phala Phala case was opened
When DA leader John Steenhuisen asked the president why there wasn’t even a police case number the president moved to place the blame squarely on the police. “I reported it as one would report and when you report to a police general you expect that processes will unfold in the way that they should. In the end, the police would be able to answer that question.” (Times LIVE)
Eskom clarifies stage 15 load shedding warning for South Africa
Meanwhile, as load shedding continues over the weekend, Eskom CEO André de Ruyter caused some uproar during the week when he said there is a possibility of stage 15 load shedding if not enough is invested in renewable energy. De Ruyter said stage 15 would occur if Eskom were to be forced to comply with minimum emissions standards. But the power utility has cleared up De Ruyter’s remarks and said he was merely trying to illustrate a wider point on emissions standards. (Business Tech)
Here’s what else we’re reading today:
SA Business
- ‘I genuinely believed we’d found solution to our energy problems’ — Ramaphosa on his 2015 promise to end load-shedding in 18 months – Times LIVE
- ‘Let’s not pre-empt things’: Mantashe says we should ‘wait for step two’ on plans to fix Eskom – News24
- Licensing council cancels some of SAA’s unused flight frequencies – News24
Global Business
- Apple market value plunges R2.16 trillion in a day – My Broadband
- Germans urged to save more gas despite cold weather – News24
- Dorsey tried to add Musk to Twitter’s board well before deal – Daily Maverick
Markets