5 important things happening in South Africa today

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The ANC says that it has lost its way; Government will look at extending the R350 grant; Eskom sends electricity price hike warning; and the SACP wants the Reserve Bank’s mandate to change.

: In South Africa, there have been 1,931 new cases of Covid-19, taking the total reported to 3,581,359. Deaths have reached 94,177 , while recoveries have climbed to 3,411,555, with a recovery rate of 95.3%. The total number of vaccines administered is 29,369,021.The ANC’s deepening divisions and factionalism remain the biggest threat to the party and the country’s democratic gains, warn the party’s top leaders.

[Eskom’s chief financial officer Calib Cassim has warned that the National Energy Regulator of South Africa will need to increase electricity tariffs by 20.5%, because any shortfalls in revenue generation still have to be covered by the government as a major shareholder – and ultimately taxpayers. [The South African Communist Party has called for the South African Reserve Bank’s mandate to be expanded to include job creation.

 

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