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South African rand edges higher with focus on ANC talks

South African rand edges higher with focus on ANC talks

SOUTH Africa's rand made a slight recovery early, having slipped the day before when the African National Congress (ANC) said it would try to form a government of national unity following last week's election. At 0715 GMT, the rand traded at 18.90 against the dollar, 0.2% stronger than its previous close. The ANC lost its majority in the May 29 election for the first time since coming to power 30 years ago. It said on Wednesday that it had met with all interested parties keen to contribute ideas to form a government. The party's National Executive Committee will hold high-stakes internal talks…
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South Africa’s ANC weighs up partners, from free-marketeers to Marxists

South Africa’s ANC weighs up partners, from free-marketeers to Marxists

THE African National Congress was holding high-stakes internal talks about which parties it should approach to form South Africa's next government, with diametrically opposed Marxists and free-marketeers on the menu of options. After 30 years of dominance since Nelson Mandela led it to power in the 1994 elections that marked the end of apartheid, the ANC lost its majority in last week's national vote. It remains the largest party but can no longer govern alone. Voters punished the former liberation movement for high levels of poverty, joblessness and inequality, rampant crime, rolling power cuts and corruption - problems that have held South Africa back and will challenge the…
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Ramaphosa’s power base boosted, but South Africa’s reform path still rocky

Ramaphosa’s power base boosted, but South Africa’s reform path still rocky

TIM COCKS PRESIDENT Cyril Ramaphosa's re-election as leader of South Africa's ruling party has strengthened his hold on power, but a core of vocal opponents in its new executive suggests the country's path to much-needed reforms will remain a rocky one. Ramaphosa secured re-election, paving the way for him to run for a second presidential term in 2024, on Monday in a ballot of African National Congress (ANC) members that also chose the party's new National Executive Committee (NECK). That vote sidelined some ministers and others in an anti-Ramaphosa camp loosely connected with Jacob Zuma that, with the ex-president embroiled in battling…
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Magashule ordered to apologise or face DC

Magashule ordered to apologise or face DC

SUSPENDED ANC secretary-general Ace Magashule has been ordered to apologise publicly for attempting to suspend the party’s president Cyril Ramaphosa. The ANC national executive committee (NEC), which met over the past three days, will Magashule a set period to apologise for his flagrant violation of ANC constitution and processes or face disciplinary action. These outcomes were disclosed by Ramaphosa, who held a media briefing to share the resolutions of the NEC. “The NEC agreed that such conduct was completely unacceptable and a flagrant violation of the rules, norms and values of the ANC. The NEC further more instructed the officials…
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Magashule’s supporters plan a revolt to bring ANC to its knees

Magashule’s supporters plan a revolt to bring ANC to its knees

SUPPORTERS of suspended ANC secretary-general Ace Magashule, stung by his ejection out of a national executive committee (NEC) meeting, are planning a "mother of all revolts" to bring the already deeply divided ANC to its knees. The tactics of Magashule's supporters include using information supplied by his allies inside the party to force the ANC leadership to capitulate bring him back or force a way to topple ANC president Cyril Ramaphosa. They are planning a series of co-ordinated events that will build up to a shutdown of South Africa. The Magashule supporters, among them the so-called RET forces within the…
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Do or die weekend for the ANC

Do or die weekend for the ANC

THE AFRICAN MIRROR REPORTER THE ANC goes into this weekend’s national executive committee (NEC) meeting bruised and battered by two days of political wars which has deepened divisions within the party. Chaos erupted at the highest level of the party, when a power struggle ensued between the Ace Magashule, the ANC secretary-general and its president, Cyril Ramaphosa. Magashule was suspended because he is an accused in a criminal court and hours later attempted to suspend Ramaphosa for vote buying. Magashule’s unilateral move has united the top four highest ranking officials in the ANC- Deputy President David Mabuza, Treasurer Paul Mashatile,…
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