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Foreign Min-V. Troubling Moment For Gov't & ANC

SOUTH AFRICA
EM BulletHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletEmerging Markets NewsPolitical Market News

Wires carrying comments from South African Foreign Minister Naledi Pandor, stating that "It is a very troubling moment for the government and the governing party".

  • Comments come after a parliamentary report found that President Cyril Ramaphosa may have a case to answer in whether he violated his oath of office in relation to the 'Phala Phala' case, where large sums of cash were allegedly stolen from a farm owned by Ramaphosa in 2020.
  • Co-operative Governance and Traditional Affairs Minister Nkosazana Dlamini-Zuma has called on Ramaphosa to resign. Dlamini-Zuma, the ex-wife of former President Jacob Zuma, is seen as a presidential contender for the ANC in her own right.
  • Should Dlamini-Zuma and other senior Cabinet ministers resign in protest it could put unsustainable pressure on Ramaphosa to step down, risking a significant factional war within the ANC.
  • Next general election is not due to take place until May 2024.
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Wires carrying comments from South African Foreign Minister Naledi Pandor, stating that "It is a very troubling moment for the government and the governing party".

  • Comments come after a parliamentary report found that President Cyril Ramaphosa may have a case to answer in whether he violated his oath of office in relation to the 'Phala Phala' case, where large sums of cash were allegedly stolen from a farm owned by Ramaphosa in 2020.
  • Co-operative Governance and Traditional Affairs Minister Nkosazana Dlamini-Zuma has called on Ramaphosa to resign. Dlamini-Zuma, the ex-wife of former President Jacob Zuma, is seen as a presidential contender for the ANC in her own right.
  • Should Dlamini-Zuma and other senior Cabinet ministers resign in protest it could put unsustainable pressure on Ramaphosa to step down, risking a significant factional war within the ANC.
  • Next general election is not due to take place until May 2024.