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South Africa’s ANC Support Drop Risks Richest Province, Poll Shows

JOHANNESBURG (Capital Markets in Africa) – Support for South Africa’s ruling African National Congress has slipped ahead of May elections and the party could lose its majority in the Gauteng province, home to the country’s industrial hub and capital, a quarterly poll conducted by the South African Institute of Race Relations shows. Of 1,611 registered voters surveyed last month, 54.7 percent said they supported the ANC on the national ballot, down from 56 percent in…

Graft, Faction Fights Undermine South Africa, Minister Says

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa’s future is being undermined by rampant corruption and faction fights in the ruling African National Congress ahead of its conference to choose a new leader to succeed President Jacob Zuma, Human Settlements Minister Lindiwe Sisulu said. Sisulu, who’s vying to succeed Zuma as the ANC leader at the party’s national conference in December, made her comments Wednesday in a wide-ranging discussion at a town hall meeting in Johannesburg hosted…

Ramaphosa Targeted as S. Africa’s Succession Race Turns Ugly

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – The race to lead South Africa’s ruling party is turning increasingly nasty. Allegations that Deputy President Cyril Ramaphosa, a front-runner for the post, had extra-marital affairs with at least eight women and paid expenses for some of them were splashed across the front page of the Sunday Independent, which cited Ramaphosa’s private emails to back up the story. It didn’t say how it obtained them. Ramaphosa called the report part…