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ANC to Balance White Fear, Black Anger in South Africa Land Push

JOHANNESBURG (Capital Markets in Africa) – South Africa’s ruling party has decided to push for the right to seize land without compensation for redistribution to black citizens because it feels that the time has come for the 24-year old democracy to tackle an issue that divides the nation once infamous for a legislated system of racial segregation, a leading politician said. An earlier attempt to take land without paying for it could have jeopardized investor confidence…

Court Action Buoys Ramaphosa’s Bid to Lead South Africa’s ANC

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – The fractious race to succeed South African President Jacob Zuma as leader of the African National Congress faced further disarray by court rulings likely to disqualify more than 100 delegates who were scheduled to vote at a party conference this weekend. The decisions on the members in North West, KwaZulu-Natal and Free State provinces, which mainly support Nkosazana Dlamini-Zuma, the president’s ex-wife and preferred candidate, buoyed her main rival, Deputy President Cyril Ramaphosa….

Wrong ANC Leaders Will See It Lose Power, Gauteng’s Makhura Says

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JOHANNESBURG (Capital Markets in Africa) – The premier of South Africa’s richest province warned the ruling African National Congress will lose its majority and extend an economic slump if it elects the wrong leaders this weekend. “If it doesn’t give South Africa the leadership that will win public confidence, not only is the ANC going to lose 2019 elections, but the country will be in a much longer protracted economic disaster, with deep pain for…

Threat of Split Looms as South Africa’s ANC Picks New Leader

Posted on by The Editorial Team

JOHANNESBBURG (Capital Markets in Africa) – As delegates from South Africa’s ruling African National Congress gather this week to pick a new leader to succeed President Jacob Zuma, they face a challenge that’s threatening to overshadow the contest: to stop the party from splitting. The likelihood of a breakup is probably the biggest in the ANC’s 105-year-old history, especially if Nkosazana Dlamini-Zuma, the president’s ex-wife and favored contestant, beats his deputy, Cyril Ramaphosa, in the vote for party leader,…

Ramaphosa Wins Most Endorsements in S. Africa’s ANC Campaign

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JOHANNESBURG (Capital Markets in Africa) – President Cyril Ramaphosa won endorsement from most African National Congress branches to succeed President Jacob Zuma as ruling party leader, giving him an edge — but not a guarantee of victory — in this month’s election. Ramaphosa was nominated for the presidency of the ANC by 1,862 branches, while 1,309 backed his main rival Nkosazana Dlamini-Zuma, tallies released by the party’s nine provincial structures and collated by Bloomberg show. The branches will account for 90 percent of…

South Africa’s Economic Heartland Backs Ramaphosa in ANC Race

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South African Deputy President Cyril Ramaphosa won the backing of African National Congress members in the nation’s economic heartland and extended his early lead in the nomination process to succeed President Jacob Zuma as head of the ruling party this month. Ramaphosa won the endorsement for the ANC presidency from 374 branches in Gauteng, tallies released Saturday at a party meeting in Pretoria, the capital, show. That’s the fourth province to back him. His…

Factions Threaten South Africa’s ANC Leadership Conference Plans

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa’s ruling party is battling to calm internal divisions that are threatening to disrupt preparations for its national conference next month as factions engage in a bitter fight over who will replace President Jacob Zuma as its leader. The African National Congress’s National Executive Committee decided on Monday to confirm the leadership of the Eastern Cape province after a disputed conference in that region in September, according to two…

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