More Stage 4 load shedding for the week
(News24 ) — Eskom has confirmed that load-shedding Stages 3 and 4 will return on Monday. The utility announced that stage 3 load shedding would be implemented from 05:00 to 16:00, while stage 4 load shedding will be implemented from 16:00 to 05:00. READ MORE
A busy, pivotal week for Ramaphosa and ANC
(Business Day) — President Cyril Ramaphosa is likely to announce a reshuffle of the national executive early this week, ahead of the state of the nation speech. On Thursday, the president is scheduled to give a state of the nation address, during which he will likely address the ongoing energy crisis, the stagnant economy, and the rising crime rate. READ MORE
Mabuza to step aside for Mashatile, Ramaphosa asks for time to tie up loose ends
(Daily Maverick) — David Mabuza, the vice president of South Africa, has resigned from his post, paving the way for Paul Mashatile to take over. In contrast, President Cyril Ramaphosa is not yet prepared to let go of Mabuza. READ MORE
What’s happening in the markets?
(Business Day) — Asian stocks fell as an unexpectedly strong US jobs report boosted the potential of future Federal Reserve rate hikes. Meanwhile, the SA Reserve Bank expects that recent high-level rolling power outages to reduce 2023 GDP growth by two percentage points. READ MORE
