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Daily Podcast – July 04, 2022

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Daily Podcast – July 04, 2022

4th July 2022

By: Thabi Madiba
Creamer Media Senior Research Assistant and Reporter

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For Creamer Media in Johannesburg, I’m Thabi Madiba.

Making headlines: Unions' wage decision expected tomorrow as Stage 6 continues; ANC NEC meeting to discuss Eskom derailed by Phala Phala farm theft saga; And, South African fuel prices to jump again in July

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Unions' wage decision expected tomorrow as Stage 6 continues

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After a weekend of marathon meetings with Eskom leadership to reach a wage agreement with unions, labour is likely to emerge with a position on whether to accept the power utility's latest wage offer tomorrow.

The National Union of Mineworkers, the National Union of Metalworkers of South Africa, and Solidarity resumed wage negotiations on Friday after a deadlock in wage talks triggered strike protests at several Eskom plants, hindering vital maintenance work and plunging the country into Stage 6 load-shedding.

After an intervention from Public Enterprises Minister Pravin Gordhan, NUM and Numsa went back to negotiations at the Central Bargaining Forum. Solidarity criticised the protest disruptions and the load-shedding.

Eskom resumed wage talks with a revised offer of 7%. As talks resumed the NUM's demand stood at 10% while Numsa's demand was 12%. Solidarity's last demand was 5.9%.

 

ANC NEC meeting to discuss Eskom derailed by Phala Phala farm theft saga

Some African National Congress national executive committee members are not convinced of President Cyril Ramaphosa's willingness to present himself before the party's integrity commission over the Phala Phala farm theft saga.

Media understands that an NEC meeting called over the weekend to, among other things, discuss the Eskom crisis, was used by some NEC members to question Ramaphosa's commitment to present himself before the party's integrity committee.

An NEC member said that some members confronted Ramaphosa, saying he was not prioritising the Phala Phala farm theft and the allegations against him.

Another NEC member said Ramaphosa had to reiterate his commitment to presenting himself before the integrity commission and added that the delays were not as a result of him avoiding the commission.

 

And, South African fuel prices to jump again in July

Motorists will face large fuel price hikes on Wednesday, as the petrol levy cut falls from R1.50 a litre to 75c.

93 octane petrol prices will be hiked by R2.37 and R2.57 for 95 octane a litre, while diesel prices will rise by R2.31 for 0.05% sulphur and R2.30 for 0.005% sulphur a litre.

In Gauteng, a litre of 95 petrol will cost R26.74 from Wednesday. This is 54% more than a year ago, when it cost R17.39.

Paraffin prices will increase by R1.66 a litre, while the maximum LPGas retail price will fall by R2.18/kg.

In April, government cut the petrol levy by R1.50 a litre in an effort to relieve the economic stress of surging fuel prices.

 

That’s a roundup of news making headlines today

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