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☆ South Africa’s Shifting Stance on a Sensitive Question: Quit the I.C.C.?
▼ + stars: | 2023-04-26 | by ( John Eligon | ) www.nytimes.com time to read: +1 min

President Cyril Ramaphosa of South Africa said on Tuesday that his party, the African National Congress, had decided “it is prudent” to withdraw from the International Criminal Court — only for representatives for him and the party to later clarify that neither was actually advocating quitting the court, at least for now. The shifting statements underscore the complexities and sensitivity of the matter at a fraught geopolitical moment, when South Africa and other countries are pushing back against a world order dominated by the United States and the West. has issued an arrest warrant on war crimes charges for President Vladimir V. Putin of Russia, who has been invited to a summit in South Africa in August. South African officials have not said whether they would honor their commitment to the I.C.C. and arrest Mr. Putin, and Mr. Ramaphosa said his government was still considering what to do.

☆ South Africa to try to withdraw from ICC again - Ramaphosa
▼ + stars: | 2023-04-25 | by ( Carien Du Plessis | ) www.reuters.com time to read: +2 min

[1/2] South African President Cyril Ramaphosa responds to a parliamentary debate on his state of the nation address in Cape Town, South Africa, February 16, 2023. Only two days earlier, South Africa's parliament announced that it would abandon a seven-year-long legislative process to pull South Africa out of the ICC's Rome Statute. The process was abandoned because the governing party in December decided that South Africa should rather remain in the ICC and try to effect changes from within, a decision that has now been reversed. The international arrest warrant against Putin was issued after he had already received his invite from South Africa to the BRICS summit in August, and it would oblige South Africa to hand him over to the International Criminal Court in The Hague if he set foot in the country. "He has been invited by President Ramaphosa and Russia has indicated attendance," South Africa's official in charge of the relationship with BRICS (Brazil, Russia, India, China, South Africa) countries, Anil Sooklal, told Reuters.

☆ How Much Power Should the Courts Have?
▼ + stars: | 2023-04-14 | by ( Emily Bazelon | ) www.nytimes.com time to read: +4 min

Many of the new constitutions gave the high courts clear authority to safeguard the rights of minorities and the democratic system. Some of the courts vigorously wielded this power to set aside majoritarian decisions that appeared to undermine democracy over the longer run. “If courts abdicate their responsibility to protect democracy, they’re not doing their job,” says Dixon, a law professor at the University of South Wales in Australia. In the 1980s, as Israel’s Jewish population became more religious and traditional, secular Israeli law professors drafted provisions for a constitution, consulting with their American peers and Aharon Barak, an Israeli Supreme Court justice. “Over the last 20 years, the Israeli Supreme Court, while issuing valuable rulings on the rights of women, L.G.B.T.Q.

Atul Gupta and his brother Rajesh allegedly leveraged their close ties to South Africa’s government to build a business empire. South Africa’s justice minister said that the United Arab Emirates had refused the extradition of two India-born brothers who were allegedly at the center of a large government corruption scandal in Africa’s most developed economy. South African authorities say that Atul and Rajesh Gupta for years leveraged their close ties to former President Jacob Zuma and other senior officials in the ruling African National Congress to build a business empire that once stretched from media to mining. Failure to try them in South Africa would be a big blow for President Cyril Ramaphosa , who took over in 2018 after the ANC ousted Mr. Zuma largely because of his alleged ties to the Gupta brothers.

☆ South African authorities arrest 87 ahead of anti-government protest
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +1 min

JOHANNESBURG, March 20 (Reuters) - South African security forces said on Monday that 87 people had been arrested in the last 12 hours across the country over public violence ahead of planned protests by the Marxist Economic Freedom Fighters (EFF) party. The EFF has called for a national shutdown to protest crippling power cuts and demand the resignation of President Cyril Ramaphosa. The party's main constituency are the poor and working class Black South Africans who feel left out of the country's prosperity since the governing African National Congress (ANC) ended white minority rule in 1994. Parliament said in a statement on Sunday that the South African military would deploy 3,474 troops for a month until April 17 to prevent and combat crime in cooperation with the police. "Law enforcement officers are on high alert and will continue to prevent and combat any acts of criminality," NatJOINTS said.

☆ South Africa's EFF marches to demand president's resignation
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +3 min

[1/5] Members of the political party, Economic Freedom Fighters (EFF), gather at Church Square after calling for a "National Shutdown" and demanding resignation of President Cyril Ramaphosa in Pretoria, South Africa March 20, 2023. REUTERS/Alet PretoriusJOHANNESBURG, March 20 (Reuters) - Thousands marched through the streets of South Africa's cities on Monday to demand that President Cyril Ramaphosa resign, as security forces guarded malls and roads to prevent violence and looting. The Marxist Economic Freedom Fighters (EFF) party, whose supporters are mainly poor and working class Black South Africans who feel marginalised since the governing African National Congress (ANC) ended white minority rule in 1994, had called for a national shutdown. South African security forces said on Monday that 87 people had been arrested in the last 12 hours over public violence ahead of planned protests. Parliament said in a statement on Sunday that the South African military would deploy 3,474 troops for a month until April 17 to prevent and combat crime in cooperation with the police.

☆ The energy CEO poisoned with cyanide-laced coffee plans to 'lay low' and 'watch out for who invites me to coffee' after losing access to his bodyguard
▼ + stars: | 2023-03-02 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Eskom's former CEO plans to "lay low" and go abroad for a while after cyanide poisoning. De Ruyter alleged corruption in South Africa's government in an explosive interview last week. He described the incident in greater detail in his TV interview, saying his personal assistant had served him instant coffee because the coffee machine at Eskom's headquarter was being repaired. Since De Ruyter was appointed as CEO in 2019, he has tried to clamp down on corruption in the energy sector. He also pointed to South Africa's governing party, the African National Congress, for the power shortages saying "it's a little bit like a Venn Diagram."

"There are countries that have long-standing, decades-long relationships with Russia, with the Soviet Union before, that are challenging to break off in one fell swoop. New Delhi has thus far resisted that pressure, citing its longstanding ties with Russia and its economic and oil needs. Russia has been India's largest weapons supplier since the Soviet Union days. "India for decades had Russia at the core of providing military equipment to it and its defenses, but what we’ve seen over the last few years is a trajectory away from relying on Russia and moving into partnership with us and other countries," Blinken said. Blinken also added that he understood the reasons for South Africa's ties with Russia while acknowledging regret for Washington's "sympathetic" approach to the apartheid-era regime in South Africa.

☆ Russia will not fire Zircon missile at South Africa naval exercise
▼ + stars: | 2023-02-22 | by ( Siyabonga Sishi | ) www.reuters.com time to read: +3 min

[1/5] Russian frigate Admiral Gorshkov and Chinese frigate Rizhao (598) are seen ahead of scheduled naval exercises with Russian, Chinese and South African navies, in Richards Bay, South Africa, February 22, 2023. REUTERS/Rogan WardSummary Russian media reported planned test launch of hypersonic weaponSouth Africa hosting drills with Russia, ChinaWestern diplomats have voiced alarm over drillsRICHARDS BAY, South Africa, Feb 22 (Reuters) - Russia's navy will not fire its new generation "Zircon" hypersonic missile during a joint exercise with South Africa and China, a senior Russian naval officer said on Wednesday, contradicting an earlier Russian media report. A Russian frigate armed with the Zircon weapon system has been deployed to the joint exercise. Along with the Avangard hypersonic glide vehicle which entered combat duty in 2019, the Zircon forms the centrepiece of Russia's hypersonic arsenal. South Africa has defended its decision to host the Mosi II naval exercise despite the concerns of diplomats from European Union and NATO countries.

☆ South Africa's naval exercise with Russia, China raises Western alarm
▼ + stars: | 2023-02-17 | by ( Carien Du Plessis | ) www.reuters.com time to read: +5 min

"These exercises are going to be a lightning rod," said Steven Gruzd, of the South African Institute of International Affairs. "South Africa, like any independent and sovereign state, has a right to conduct its foreign relations in line with its ... national interests," South Africa's defence ministry said last month. Russia's defence ministry did not respond to a request for comment, and South Africa's National Defence Force has denied the TASS report. China is now Africa's top bilateral trading partner, but the EU is by far the largest market for South African exports. Domestic critics of South Africa's push to deepen ties with Russia and China say that economic reality alone should be enough to give the government serious pause.

☆ Yellen to meet with donors, private sector on South Africa's energy transition
▼ + stars: | 2023-01-27 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

[1/3] U.S. Treasury Secretary Janet Yellen attends media briefing ahead of bilateral talks with South Africa's Finance Minister Enoch Godongwana (not pictured), at the treasury offices in Pretoria, South Africa, January 26, 2023. The United States, Britain, France, Germany and the European Union backed South Africa's "Just Energy Transition Partnership," or JETP, in late 2021 with a combined $8.5 billion, but the total cost could be ten times that high. "The United States' commitment to the energy transition being 'just' is firm. That is why President Biden made an additional commitment to President Ramaphosa of $45 million in grant funding to support South Africa’s efforts," Yellen said. But President Cyril Ramaphosa's plan to transition South Africa away from coal and towards renewable energy has divided the governing African National Congress (ANC).

☆ Yellen says South Africa needs action to maintain energy transition momentum
▼ + stars: | 2023-01-27 | by ( Andrea Shalal | ) www.reuters.com time to read: +5 min

[1/3] U.S. Treasury Secretary Janet Yellen attends media briefing ahead of bilateral talks with South Africa's Finance Minister Enoch Godongwana (not pictured), at the treasury offices in Pretoria, South Africa, January 26, 2023. REUTERS/Siphiwe SibekoJOHANNESBURG, Jan 27 (Reuters) - South Africa needs concrete action soon if it is to maintain momentum on an energy transition program backed by the United States and other countries, U.S. Treasury Secretary Janet Yellen said on Friday after visiting the coal mining region of Mpumalanga. She expressed hope that Washington's focus on a just energy transition would underpin donor interest in backing the nearly $100 billion project aimed at supporting South Africa's gradual phasing out of fossil fuels. The United States, Britain, France, Germany and the European Union have backed South Africa's "Just Energy Transition Partnership" with a combined $8.5 billion, which Yellen called a "substantial down payment" designed to mobilise additional money. "An energy transition that is not just will simply not work.

☆ Russia, South Africa and a 'redesigned global order': The Kremlin's hearts and minds machine is steaming ahead
▼ + stars: | 2023-01-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +9 min

Russian Foreign Minister Sergei Lavrov visited Pretoria as part of an African tour, his second since the invasion, which will also reportedly take him to Botswana, Angola and Eswatini. On Feb. 24 2022, shortly after the Ukraine invasion, South Africa urged Russia to immediately withdraw its forces from Ukraine. South Africa was one of 15 African nations to abstain from the subsequent U.N. vote in March to condemn Russia's war of aggression. watch nowShe emphasized the multilateral responsibilities of the BRICS (Brazil, Russia, India, China and South Africa) bloc of leading emerging economies in a changing global landscape. White House Press Secretary Karine Jean-Pierre said Monday that "the United States has concerns about any country … exercising with Russia as Russia wages a brutal war against Ukraine."

☆ Russia's Lavrov visits ally South Africa amid Western rivalry
▼ + stars: | 2023-01-23 | by ( Carien Duplessis | ) www.reuters.com time to read: +3 min

[1/2] South Africa's Foreign Minister Naledi Pandor shakes hands with Russia's Foreign Minister Sergei Lavrov, ahead of their bilateral meeting in Pretoria, South Africa, January 23, 2023. Lavrov met his South African counterpart, Naledi Pandor, after flying in earlier in the day on a trip some South African opposition parties and the small Ukrainian community have condemned as insensitive. President Cyril Ramaphosa's government regards South Africa as neutral in the Ukraine conflict and has expressed a desire to mediate. The South African armed forces said last week the exercise is a "means to strengthen the already flourishing relations between South Africa, Russia and China". There was no official public comment from the Ukrainian embassy but officials said it had asked the South African government to help push President Volodymyr Zelenskiy's 10-point peace plan, which he proposed to the G20 in November.

☆ South Africa's Eskom says worst power cuts over for now but urges less use
▼ + stars: | 2023-01-22 | by ( Tim Cocks | ) www.reuters.com time to read: +3 min

But outgoing CEO Andre De Ruyter also re-affirmed that power cuts would continue for two more years at least. South Africans were braced for worse, with the risk of "stage 8 load shedding" - more than half a day with no power. "We would really urge South Africans to plan (evening) consumption such that ... we have reduced demand," he said. Creaking coal-fire power stations, corruption in coal supply contracts, criminal sabotage and failure to ease up regulation to enable private providers to swiftly bring renewable energy on tap have all left South Africa in a deep power deficit. Eskom's Chief Operating Officer Jan Oberholzer said that by the end of March the firm should be able to bring 1,862 megawatts back online, and that it would focus on keeping its top six power stations running smoothly.

[1/2] A man walks beneath electricity pylons during frequent power outages from South African utility Eskom, caused by its ageing coal-fired plants, in Orlando, Soweto, South Africa, January 16, 2023. REUTERS/Siphiwe SibekoSummarySummary Companies Power cuts to become less severe from TuesdayDepends on generators returning to service as plannedEskom tells politicians power cuts to continue into 2024JOHANNESBURG, Jan 16 (Reuters) - South Africa's state-owned power utility Eskom said it would shorten power cuts from Tuesday morning as 14 generators come back on tap this week, but electricity shortages look set to continue at least into 2024. The past week has seen some of the worst power cuts on record in Africa's most industrialised nation, at least six hours a day for most households and often as much as 10 hours. The company implemented power cuts on more than 200 days last year, the most in a calendar year. The utility said it had procured an additional 50 million litres of diesel, which would be used to manage pumped storage dam levels and limit power cuts.

☆ South Africa's president to skip WEF to deal with crippling power cuts at home
▼ + stars: | 2023-01-15 | by ( ) www.reuters.com time to read: +1 min

JOHANNESBURG, Jan 15 (Reuters) - South African President Cyril Ramaphosa will no longer attend the World Economic Forum (WEF) in Davos due to the ongoing energy crisis in the country, his spokesman said on Sunday. Power cuts have worsened since Tuesday when struggling state utility Eskom said it would implement its worst-ever outages until further notice. The power cuts are a major source of public frustration with the governing African National Congress (ANC) and a brake on economic growth in Africa's most industrialised nation. "Currently the President is convening a meeting with leaders of political parties represented in parliament, NECCOM (National Energy Crisis Committee) and the Eskom board," Vincent Magwenya, presidential spokesman said. The beleaguered utility supplies the vast majority of South Africa's electricity, relying mainly on an ageing fleet of coal-fired power stations that are unreliable and prone to faults.

☆ Dollar slips vs euro on upbeat German business morale data
▼ + stars: | 2022-12-19 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

[1/2] Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/IllustrationNEW YORK, Dec 19 (Reuters) - The dollar edged down against the euro as upbeat German business morale data supported the common currency, while a modest improvement in investors' appetite for riskier currencies weighed on the safe-haven dollar. German business morale rose more than expected in December as the outlook for Europe's largest economy improved despite the energy crisis and high inflation, a survey showed on Monday. The euro rose 0.2 % to $ 1.06085 , not far from the six-month high of $1.0737 touched last week. "I think the dollar is generally softer on slightly higher risk-on trading," said John Doyle, vice president of dealing and trading at Monex USA.

☆ South African President Ramaphosa Is Re-Elected as Party Leader
▼ + stars: | 2022-12-19 | by ( Gabriele Steinhauser | ) www.wsj.com time to read: 1 min

JOHANNESBURG—South African President Cyril Ramaphosa was resoundingly re-elected as the leader of the ruling African National Congress on Monday, shrugging off a parliamentary investigation that found he may have violated the country’s constitution, as well as a forceful challenge by allies of his disgraced predecessor. Mr. Ramaphosa, who has been president of Africa’s most developed economy since 2018, beat his former health minister, Zweli Mkhize, gaining 2,476 votes out of 4,384 cast at the ANC’s elective conference that sets the party’s direction for the coming five years. Perhaps more important, officials backed by Mr. Ramaphosa won four out of the other six positions in the party’s leadership team, giving him a stronger hand in picking his cabinet and pushing through his chosen economic policies.

☆ South African rand weakens as ruling ANC picks new leader
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +1 min

JOHANNESBURG, Dec 19 (Reuters) - South Africa's rand weakened early on Monday as investors awaited the outcome of voting for the new leader of South Africa's governing African National Congress (ANC). At 0707 GMT the rand traded at 17.6875 against the dollar, 0.43% weaker than its previous close. Voting for the ANC's new leader was almost complete on Monday as the race pitting President Cyril Ramaphosa against former health minister Zweli Mkhize entered the final stretch. "Anything short of that will likely see the USD-ZAR spike, with thin liquidity conditions amplifying the move," ETM said. The government's benchmark 2030 bond was weaker in early deals, with the yield up 11.5 basis points at 10.330%.

☆ Ramaphosa re-elected as leader of South Africa's ruling party
▼ + stars: | 2022-12-19 | by ( ) www.cnbc.com time to read: +1 min

South African President Cyril Ramaphosa waves outside the NASREC Centre in Johannesburg, on December 05, 2022 after a meeting of the Africa National Congress. South African President Cyril Ramaphosa has been re-elected leader of the governing African National Congress (ANC) at a party leadership contest, an ANC official said on Monday. Ramaphosa had been widely tipped to secure re-election for a second five-year term as ANC leader at the five-day gathering being held in the country's biggest city Johannesburg. He secured the most nominations from rank-and-file ANC members and is widely viewed as the country's most popular politician. Ramaphosa has denied wrongdoing and has not been charged with any crimes over the scandal, but it has raised questions about how he acquired the money and whether he declared it.

☆ South Africa's ANC gathers to vote on new leader
▼ + stars: | 2022-12-18 | by ( ) www.reuters.com time to read: +2 min

[1/2] South African President Cyril Ramaphosa attends the nomination process of the top African National Congress (ANC) officials in the 55th National Conference of the ruling African National Congress (ANC) at the Nasrec Expo Centre in Johannesburg, South Africa, December 18, 2022. REUTERS/Sumaya HishamJOHANNESBURG, Dec 18 (Reuters) - Delegates of South Africa's ruling African National Congress (ANC) gathered on Sunday to choose a new party leader, pitting President Cyril Ramaphosa against former health minister Zweli Mkhize. They will vote on Sunday after the ANC nominated the two candidates late on Saturday. Ramaphosa's backers were singing songs in support of him and were holding up two fingers signalling a second term as leader. Former president Jacob Zuma's supporters are seeking to use the scandal to oust Ramaphosa.

[1/2] South African President Cyril Ramaphosa attends the 55th National Conference of the ruling African National Congress (ANC) at the Nasrec Expo Centre in Johannesburg. REUTERS/Sumaya HishamJOHANNESBURG, Dec 17 (Reuters) - Party allies, and even some rivals, of South African President Cyril Ramaphosa on Saturday condemned opponents who disrupted his opening speech with chants and shouting at a conference of the ruling ANC on Friday. Ramaphosa, who was speaking at a five-day gathering of the African National Congress (ANC) to elect candidates for 2024 national elections, is seeking a second term and is widely seen as the party's strongest candidate. We are all interested to emerge here with a very solid, strong leadership," ANC deputy presidential hopeful and Eastern Cape ANC Chairperson Oscar Mabuyane told reporters. What they did yesterday soiled (their) campaign," Zamani Saul, Northern Cape ANC chairperson told SABC news.

☆ South African Parliament votes against Ramaphosa impeachment investigation
▼ + stars: | 2022-12-13 | by ( David Mckenzie | ) edition.cnn.com time to read: +3 min

Johannesburg CNN —South African President Ramaphosa survived a move to start impeachment proceedings against him in a vote in parliament on Tuesday. The move was widely expected, after the top leadership ruling African National Congress (ANC) called on their parliamentary caucus to block the investigation. There were a few ‘yes’ votes from ANC members, and a couple of no-shows, but their caucus largely held together. The president has repeatedly denied the allegations saying the money was from the sale of wildlife at his Phala Phala farm. ANC members said that the report did not provide enough evidence to move towards an impeachment proceeding.

☆ Morning Bid: China reopening as volatility ebbs
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +4 min

What's more, Wall Street's 'fear index' is showing little if any trepidation about the final month of the year. Even though it backed up a bit today, the VIX index of implied S&P500 volatility (.VIX) closed at its lowest in 8 months on Friday. Morgan Stanley updated its China equity recommendation to overweight, citing "multiple positive developments alongside a clear path set towards reopening." China's yuan , surged past 7 to the dollar in onshore and offshore markets - its best levels in almost three months. The China re-opening optimism buoyed the oil price even as OPEC+ nations at the weekend held their targets steady despite last week's market speculation of another output cut.

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