PHALA PHALA REPORT: Markets most concerned about who would replace Ramaphosa – Enoch Godongwana

Finance Minister and ANC National Executive Committee member Enoch Godongwana says he has been inundated with questions about who is next in line in case President Cyril Ramaphosa is impeached through a parliamentary process, or is booted out because of pressure from his nemeses in the NEC.

He was speaking on the sidelines of the ANC NEC meeting which was supposed to take place on Friday 2 December. “A number of people who are in the marketplace have been phoning me and sending me SMSes. One of the key questions they have been asking is not about whether he leaves but the person who will replace him,” he said.

However Godongwana explained that a change in president would not have an adverse effect on South Africa’s economy. He made reference to the times when former presidents Thabo Mbeki and Jacob Zuma were recalled, saying it did not have a real bearing on markets. He argues that if there was any decline at the time, it was due to other reasons.When you are talking about markets you are talking about different sorts of markets globally who may not understand how the ANC works.

Cyril is not going anywhere, best we have had so far since Nelson.. Go and figure!

Pieter Groenewald or John Steenhuisen. Maklik.

That's no shit! The rest are even worse!

Why should that be their concern? DDMabuza is his deputy, very capable Man!

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘The next 18 months will be hell for our country’: Lindiwe Mazibuko on Phala Phala fallout“A Ramaphosa resignation is just what the crooks ordered. The next 18 months will be hell for our country. But in 2024 we get to decide if it’s time to end South Africa’s abusive relationship with the ANC. The decision is still ours to make.” I beleive if we continue tryong to just a better hell we will never get heaven,hell is hell. Tsek wena .... where have you been.. Weeeee
Source: TimesLIVE - 🏆 28. / 59 Read more »

JUSTICE MALALA: Phala Phala report: one more milestone in the ANC’s self-destructionThere is nothing in his looming removal that is about the rule of law. He was too enthusiastic about fixing law enforcement agencies and institutions, writes justicemalala. justicemalala Very true.. Well written Justice We are at a crossroad While the ANC corrode and stab their comrades in the back
Source: FinancialMail - 🏆 20. / 63 Read more »

Phala Phala report: South Africa’s ANC meets over ‘Farmgate’ as Ramaphosa allies mount defenceJOHANNESBURG, Dec 2 (Reuters) - Officials in South Africa's governing African National Congress (ANC) met on Friday to decide whether President Cyril Ramaphosa should stay on after an inquiry found evidence of misconduct, but they failed to reach a conclusion. More indecision ... business as usual in other words. The world wants confidence in what is happening - look at your FX rates which cost you money, something SA cannot afford.
Source: dailymaverick - 🏆 3. / 84 Read more »

Ramaphosa to take panel’s Phala Phala report on legal reviewRamaphosa to take panel’s Phala Phala report on legal review - The decision was announced by ANC treasurer general Paul Mashatile, at a meeting of the party’s national executive committee ANC is defending this guy big time. Mind you this is Africa where every corrupt president clings to power like a turd clings to a wool blanket. What legal review, he can't explain Mr Casim n the 💵💵💵. He knows his finished
Source: mailandguardian - 🏆 2. / 92 Read more »

PHALA PHALA SCANDAL: Ace’s advocate formed part of Section 89 Ramaphosa impeachment panel – does it matter?Advocate Mahlape Sello also acted for the Presidency. Should she have stood down from the panel? Yes. Totally compromised & conflicted. You only realised now! 🤣🤣🤣 Nazo
Source: dailymaverick - 🏆 3. / 84 Read more »

JUSTICE MALALA: Phala Phala report: one more milestone in the ANC’s self-destructionThe truth is that this extraordinary report is just one milestone of an ongoing trend: the self-destruction of the ANC continues apace and its ultimate demise in a post-liberation South Africa is edging closer, writes justicemalala. justicemalala The world has moved at 400mph while the MYANC is riding at the pace of a donkey cart. Completely lost and irrelevant.
Source: FinancialMail - 🏆 20. / 63 Read more »