ANC and DA are about to lose Majorities in Gauteng and the Western Cape
The DA’s majority in the Western Cape is under threat, the ANC is losing more support in Gauteng and the EFF is on the growth path nationally. These are some of the key findings contained in the the Criterion Report, a quarterly market research survey conducted by the Institute of Race Relations (IRR) into voter preferences, attitudes and the South African political landscape, which was updated and published today!
It has found that, nationally, the ANC majority is in the balance at 49.5% support down from 54.7% in February, while the EFF continues to grow, from 12.2% in February to 14.9% in April. The DA has remained stable at 21.3%. The report noted a small growth in black support for the DA. "As of April, the DA has…
Consumer Confidence dips below 2017 Levels
South African consumer confidence declined to its lowest level in more than a year in the first quarter as expectations of an economic recovery dimmed.
The consumer-confidence index was at 2 in the first three months of this year, dropping from 7 in the previous quarter, FirstRand’s First National Bank retail-lending unit said in an emailed statement this week. While a net majority of consumers remain positive, the gauge is at its lowest level since the final three months of 2017 and well off the record high of 26 when Cyril Ramaphosa took over as president a year ago.
“For the first time in just more than a year, consumers do not expect South Africa’s economic prospects to improve over the next 12 months,” it said.
Pre-Election Polls predict vote-loss for ANC and DA
With less than two weeks to go before South Africans head to the polls in the 2019 national election, the latest poll results from research group Ipsos shows that the DA and ANC may be in trouble. The poll, conducted between March and April 2019 using a demographically representative sample of over 3,600 people, continues a trend seen in many other pre-election polls – showing a drop in support for the DA and ANC, while support for the EFF rises.
According to the latest results, published by the City Press, the *ANC*’s support has dropped from around 61% in its March poll to 56.9% in April. This is down from a 62.2% share of the vote in the 2014 national election. The DA has dropped even further from 18% in March to just 15% in Apri…
Rand still riding on top of Economy Waves
It is a pleasure to share some positive news for a change as the Rand is currently doing better than most give him credit for.
Only four weeks away from South Africa’s National General Election, the pre-polling campaign machines of each political party are still not in full-swing as the most of the street corners bear lonely witness. Though political efforts are mounting and elevating the levels of tension and discourse, the rhetoric is becoming increasingly polarising and will once again be in full view today as the protests in Alexandra migrate to Gauteng’s business hub of Sandton.
Whether that ultimately impacts on financial market sentiment is at this point uncertain!
If it does, it will only be marginal though. A more like…
Interest Rates remain unchanged
In its second meeting in a row, the Monetary Policy Committee of the South African Reserve Bank showed unity i leaving the interest rates in South Africa unchanged with the Repo Rate at 6.75% dictating a prime lending rate by the major banks of 10.25%.
Fior many it came as no surprise as the the inflation rate hovers steadily below the 5% mark and within the given bandwidth of 3% – 6%. However, one can see a cautious yet conservative MPC. A more future-bound and aiming at clairvoyance MPC could have sent a message by cutting the repo rate by 0.25% i order to anticipate Moody’s postpone rating decision and to therefore cement already an attraction to stay or invest into the Rand; especially in light of the recent rates decision of the …
The TRUTH about South Africa's Power and Load Shedding
Most of the officials at ESKOM and at the power stations, which still produce power, are on holiday, and a skeleton repair team is out to analyse the damages and fix the transmission lines between South Africa and the Hydro Power Plant at Cahora Bassa in Mozambique. Meanwhile and back at the base, South African residents duck and dive between load-shed areas to give their children the school holiday they deserve…..
Ever tried to explain a six-year old that a power plug does not guarantee it also provides electricity? And why Mommy and Daddy do not use the garage remote in the moment and skip their morning coffee at their favourite café around the corner? Maybe not, but we think WE need to explain what is going on in the moment and wha…
ESKOM: Incompetence Level 4 here to stay…..
For those who missed the news, the ANC Clowns responsible for the downgrade and downfall of this beautiful country are still free and playing with your lives as bad as they can.
As easy as 1, 2, 3 and 4 has stopped to be a children’s game, Load Shedding Stages 1, 2, 3 and 4 have now become daily reality….and for now, Stage 4 is here to stay, today, tomorrow, together … in the Dark!
Adding some salt to the wounds, the water levels in Gauteng are now so dangerously low that facing the rainless winter, South Africans are facing beside hour-long power outages also water shortages. But back to EISHKOM:
Level 4 means the country is short of 4 000 MW … yes, you heard right: 4 Giga Watt. That is nothing that happens overnight, that accr…
Budget Speech 2019 ... Delivered!
On 20 February 2019 Finance Minister and former Reserve Bank Governor Tito Mboweni opened his 2019 budget speech in the tradition of former Finance Minister Trevor Manuel, comparing the South African economy with a seedling plant, which is weak and needs a lot of care to grow and become as strong as needed.
This was already an indication of what was to come, every step of the way into the Budget Speech showed where he “learned the ropes” of handling a difficult budget. And a difficult one it was as he had to work with nothing but still tried to ooze confidence.
The minister painted a bleak picture as the country struggles with rising expenditure, failing SOEs (please see the following article in this eBRIEF) …
EISHKOM & HELLKOM - Epic Fails being the Final Nail to the ANC's Coffin?
Are ESKOM and TELKOM the final two nails that are needed to nail the ANC’s re-election coffins shut?
Everybody had to walk down memory lane with a bitter taste as load shedding returned with a vengeance, reaching level 4, a level of severity not seen for four years and analysts say it has blown up into the biggest political threat facing President Cyril Ramaphosa’s ANC just three months away from elections.
Eskom unexpectedly imposed highly-unpopular power rationing last Sunday, with rotational cuts now scheduled every day – plunging shops, offices, factories and home into darkness for hours. This week the government confirmed that troubled state-owned power utility ESKOM, which generates more than 90% of the country’s…
Load Shedding Stage 2 continues ...
While ESKOM is waiting for being unbundled as per SONA 2019 given by President Ramaphosa last week, and in the meantime loosing ZAR 500m per month, load shedding continues.
Eskom announced that it will implement stage 2 load-shedding today, Monday 11 February. The rotational power outages will take place from 09:00 until 22:00, with the objective of shedding 2 000 MW of power nationwide.
Eskom said that while many generating units have been returned to service, other units continue to trip, resulting in a shortage of generating capacity. The power utility advised residents and businesses to use electricity sparingly during this period in an effort to reduce demand.
This is the second day in a row Eskom has implemented stage 2 lo…