Parliamentary Caucus: President’s men face ANC caucus showdown on SAA stance

A parliamentary caucus meeting agenda, sent to ANC MPs by ANC Chief Whip Pemmy Majodina, states that Public Enterprises Minister Pravin Gordhan is due to explain his current stance on South African Airways on Thursday 21 November.

Those in the unhappy corner also favour agreeing to striking SAA unions’ demand for salary increases despite the fact that the airline is currently financially bankrupt. It is not currently clear whether the Ramaphosa faction or their critics enjoy majority support in the caucus. Lobbying is under way but there are worries in the Ramaphosa camp that efforts to ensure Gordhan’s Thursday caucus speech is a friendly, informative talk, supported and accepted by caucus, may fail and a caucus vote might be lost.

An adverse caucus vote on Thursday could trigger three important consequences for the president, the two ministers and the financial resources of every South African. The most important potential consequence of such a decision will be on South Africa’s sovereign credit rating. It will ensure the country is downgraded to junk status in February by Moody’s, the only major ratings agency not to have done so thus far.

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