Is Sputla the new electricity minister?
(News24/City Press) — During his State of the Nation Address, President Cyril Ramaphosa indicated that he was ready to appoint a minister of electricity with former City of Tshwane mayor, Kgosientso “Sputla” Ramokgopa, tipped for the position. The naming of the new electricity minister is expected to coincide with a cabinet reshuffle, which the president has yet to announce. READ MORE. (for subscribers)
ECONOMIC WEEK AHEAD: Godongwana’s budget in the spotlight
(Business Day) — This week’s economic focus will be squarely on finance minister Enoch Godongwana’s budget, which he is due to table in Parliament on Wednesday. Godongwana is expected to highlight better-than-expected fiscal performance over the past year. The minister is expected to showcase relatively good GDP growth for 2022 and a slightly improved budget deficit. READ MORE. (for subscribers)
Investigating Directorate’s financial report comes under defence scrutiny at first State Capture trial
(Daily Maverick) — The independence and impartiality of a 40-page financial report by the NPA’s Investigative Directorate highlighting the flow of money allegedly paid by the Free State Department of Agriculture and Rural Development to Nulane Investments, a company owned by former Transnet board member and Gupta associate Iqbal Sharma, has been scrutinised for weeks at the first State Capture trial. READ MORE.
What’s happening in the markets?
(Business Day) — After a roller-coaster week, the JSE was weaker on Friday, closing 1.2% lower at 79,271.78 points. Overall, the local bourse is up 0.36% for the week despite a weaker performance from platinum group metals and gold miners. At 05.46, the rand was trading at R18.0614 against the US dollar having closed at a similar mark on Friday. READ MORE. (for subscribers)
