RC 261112Power FMTehillah Niselow
Thursday, 12 November 2026
A deepening mining slump and the post-election scramble for municipal coalitions dominated this Thursday's Power Business, with the ANC and left-wing blocs weighing their options.
- 18:05
Mining production contracted 6% in the third quarter of 2026, and September output fell 10.7% year on year, the second consecutive quarterly decline, with platinum group metals the largest drag.
- 18:01
The Electoral Commission says outstanding party nominations, councillor allocations to district councils and gazetting of final results must be finished before newly elected municipal councils can be formally constituted.
- 18:31
The ANC says it will handle coalition negotiations municipality by municipality after its poor showing in the local government elections, rejecting a one-size-fits-all approach to the more than 100 hung councils.
- 19:02
The Conference of the Left, which includes the MK Party, EFF and SACP, says it will oppose any right-wing agenda in municipalities where its members hold influence, after the DA approached it for coalition talks.
- 18:28
NVIDIA CEO Jensen Huang has resigned amid reports of an alleged affair involving an executive, and Colette Kress has been named interim CEO.