ANC in serious financial trouble, and JPMorgan CEO warns about higher interest rates

• The ANC is facing a default judgment after allegedly failing to defend a high court claim over unpaid services at Luthuli House.
• The ANC's financial troubles come amidst a broader economic context of rising oil prices and investor concerns about the US-Iran deal, which has led to a risk-off sentiment in the markets.
• The warning from JPMorgan CEO Jamie Dimon about higher interest rates due to AI buildout demand may have implications for the South African Reserve Bank's interest rate decisions, which will be influenced by the US employment data and inflation pressures.