The South African Communist Party has called on the ruling ANC to reconsider its stance on prescribed assets, which will force pension funds to invest in government stock. The ANC is set to discuss this and other issues when it holds its policy conference at the end of July.
[The City of Johannesburg says it is currently considering a debt write-off for billions of rands in electricity debt accumulated by Soweto residents. The long-standing dispute between residents and Eskom saw the power utility disconnect some households from the grid, sparking several protests across Soweto. [The ongoing load shedding crisis has led to a spike in insurance claims as sensitive electronics and household appliances are damaged by the continuous power cuts.
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