1. After a final push by the parties’ top politicians over the weekend, special voting starts across the country today.
Meanwhile, the Sunday Times reported on fresh allegations that former president Jacob Zuma and ANC secretary-general Ace Magashule had links to the formation of a new opposition party, the African Transformation Movement (ATM).
2. The toll that load shedding took on the economy will be evident on Thursday, with the publication of mining and manufacturing production data for March. Economists expect that output shrank, which could make for a miserable first-quarter GDP number.
3. Anheuser Busch-InBev, owner of SAB, will report its results this week. FNB Securities expects that the company had a decent start to the year after a difficult 2018. “Volumes are expected to grow due to a recovery in Brazil. The EBITDA margin is anticipated to flatten as synergies from the SAB deal come to an end and there could be further cost pressure coming through. We will keep a close eye on the company’s debt metrics, which haves placed a strain on its rating over the last few years.” Other companies that will release results include Sappi, Oceana and Altech.
4. Redefine Properties will also report its earnings this week. The company appointed the president of Business Unity SA, Sipho Pityana, as chairperson on Friday. Pityana is also chairperson of AngloGold Ashanti and director of Absa. He replaces Redefine founder Marc Wainer, who stepped down to “enhance (the) board’s skills, diversity and independence”. Wainer remains a director.
5. MTN also appointed a new chairperson: former deputy finance minister Mcebisi Jonas. Jonas will only assume the position when the current chairperson Phuthuma Nhleko steps down in December. Ahead of its listing in Nigeria, MTN also appointed that country’s former central bank governor Lamido Sanusi as a non-executive director.