AGP Executive Report
Last update: 20 minutes agoPension Risk: The financial regulator warns that a proposed R10bn investment of metalworkers’ pension funds in a new company could put workers’ savings at high risk. Trustees say they felt pressured to back the plan. Coalition Turmoil: ANC leaders clashed over who controls party decisions and whether to partner with the DA after the election setback. Coalition talks are under way, while calls to review the DA’s place in the national unity government add uncertainty. Finance Minister Enoch Godongwana says Treasury is working to support stable municipalities. Schools: Funding delays threaten schools’ ability to pay bills and buy supplies when pupils return in January; education groups want the department to intervene. Weather: Severe thunderstorms could bring flooding and power or communications disruptions to parts of the country on Sunday. Cape Town and Swartland also face extremely high fire danger, while damaging coastal winds are forecast. Cape Town Arts: Norval Foundation’s eight-evening Art of Light exhibition will bring locally made installations to its sculpture garden. Tech and Trade: President Cyril Ramaphosa is heading to Silicon Valley to explore AI opportunities, as South Africa faces exclusion from AGOA from January.
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