EDITOR’S LUNCHBOX: Zuma’s populist promises for free education will come at a heavy price
As Ramaphosa confirms ‘the struggle to ensure all South Africans share in the country’s wealth must stand at the centre of our national agenda’
Stories of Note
Bytes from the digital world
Gauteng ANC chairman Paul Mashatile plans to meet EFF leader Julius Malema to lobby the party to vote with the ANC in ousting DA Johannesburg mayor Herman Mashaba in its vote of no confidence. Meanwhile, the Patriotic Alliance councillor in Nelson Mandela Bay, Marlon Daniels, has filed a notice of intention to table a motion of no confidence against DA Nelson Mandela Bay mayor Athol Trollip.
Direct messages on Twitter between Donald Trump Jr and WikiLeaks handed to congressional investigators have been leaked to The Atlantic. "WikiLeaks made a series of increasingly bold requests, including asking for Trump’s tax returns, urging the Trump campaign on Election Day to reject the results of the election as rigged, and requesting that the president-elect tell Australia to appoint Julian Assange ambassador to the US".
In My Opinion
Matters of debate
"There are 10 priorities that I would like to suggest should underpin a new deal for jobs, growth and transformation," Deputy President Cyril Ramaphosa said in a speech in Soweto on Monday night.
Carol Paton asks where Ramaphosa is in the debacle around President Jacob Zuma’s populist promise of free university education. "If he has played a leadership role in the Cabinet around the damage being done to both the fiscal framework and the Treasury through this debacle, no one I know is aware of it yet."
The long and the short of the markets
Eskom is in a precarious financial position and desperately trying to avoid a liquidity crisis that may render it unable to pay staff salaries and suppliers by January. The utility confirmed on Monday it had 20 times less cash than it needs to continue funding operations, and has written to the Public Enterprises Minister alerting her of the impending calamity.
On Tuesday, investment group Capital Appreciation declared a maiden dividend of 2c per share, after increasing its first-half net profit by 124% R60.13m.
Which foreign power is out to poison President Jacob Zuma? And why? His paranoid interview on ANN7 invoked memories of Alexander Litvinenko, the former KGB officer who was mysteriously murdered in London with radioactive polonium. But interviewer Sifiso Mahlangu did not appear to suspect Russian repo men demanding advance payments for getting their nuclear reactor back, but assassins from some foreign power that viewed Zuma as an "enemy of capital".
Graph of the day
By 2030, SA’s water deficit could be between 2.7-billion and 3.8-billion cubic metres, a gap of about 17%. Private-public partnerships may be the only way secure the country’s water resources.