The national government and the African National Congress need to reassure businesses and markets that South Africa’s reform agenda will continue, despite the political turmoil caused by the section 89 panel’s findings into president Cyril Ramaphosa.
After going to ground and cancelling appearances, speculation was rife that the president would resign in the wake of the findings – however, it has since been confirmed thatand will continue to stand for election for the ANC’s top position this month. “The collapse of the rand and the value of South Africa’s traded debt last Thursday showed how concerned investors were,” she said. “It was an indication that we have not yet delivered the extent of institutional rebuilding that we need.”
“Should there be a change in political leadership, we should be comfortable that there will be a well-managed transition,” Mavuso said.“Unfortunately, many of us were left with the impression that the country was being put second as factions took to social media to opine on the report and its impact,” she said.
They need the ANC to be removed from power but they don’t have the balls to call for it publically.
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