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Daily Podcast – May 03, 2019

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Daily Podcast – May 03, 2019

3rd May 2019

By: Sane Dhlamini
Creamer Media Researcher and Writer

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For Creamer in Johannesburg, I’m Sane Dhlamini.

Making headlines: Political parties hold final rallies ahead of May 8 election, Intellidex market research forecasts ANC will win with 57% of votes and, Eskom’s China loan facility not in jeopardy

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Political parties hold final rallies ahead of May 8 election

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South Africa's three top political parties, the DA, EFF and the ANC will hold rallies this weekend in Johannesburg in a final push to lure voters ahead of next week's general election.

More than 26-million South Africans are eligible to vote on May 8.

The ANC and the EFF will hold rallies on Sunday.

At least 48 political parties are contesting the election, 19 more compared to 2014.

 

Intellidex market research forecasts ANC will win with 57% of votes

Markets believe there is only a one-third chance of growth-boosting reform after the election and that there is a 75% probability of President Cyril Ramaphosa remaining in his seat until 2022.

This was according to financial services research house Intellidex.

Intellidex Market Research conducted an online poll last week of market participants active in the South African asset markets.

Overall, the market anticipated the national vote result at 57.4% for the ANC, 20.7% for the DA and 11.5% for the EFF.

 

Eskom’s China loan facility not in jeopardy

The Department of Public Enterprises says that power utility Eskom’s multi-billion rand loan facility with the China Development Bank is not in jeopardy, despite concerns sparked by a delay in the release of a R7-billion tranche of funds last month.

The bank was meant to release the funds - part of a larger R35-billion facility - in April. Absa Capital had to provide assistance after the loan failed to come through in time. 

Eskom spokesperson Adrian Lackay said in a statement that the loan agreement with the CDB remained a binding agreement.

That’s a roundup of news making headlines today

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