BREAKING: ANC to brief media on Tuesday on outcome of NEC meeting

2016-11-28 20:30

The ANC has issued a statement saying that a media briefing will be held at 14:00 over the outcome of the NEC meeting.


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Last Updated at 18:26
28 Nov 21:46

ANC to hold briefing after fierce debate on Zuma's fate

Following an NEC meeting that went late into Monday night, the African National Congress announced that it will be holding a media briefing on Tuesday afternoon.

Speculation was rife over whether President Jacob Zuma would survive a vote on either recalling him or stepping down as leader.

Tourism Minister Derek Hanekom, Health Minister Aaron Motsoaledi and Public Works Minister Thulas Nxesi asked Zuma to resign, News24 reported earlier on Monday.

They were strongly supported by ANC chief whip Jackson Mthembu.The president's alleged improper relationship with the Gupta family, the decline in ANC support during local government elections and the Nkandla scandal were used as bases for him to step down.

The ANC NEC meeting, scheduled to end on Sunday, was extended to Monday as a "rough", "fierce" and "robust" debate over his fate had not been concluded. The briefing will be held at party headquarters, Luthuli House, in Johannesburg.

28 Nov 21:14
A media briefing will be held tomorrow on the outcomes of the NEC meeting.

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How rand could swing if Zuma survives ANC ousting bid

There are two scenarios that could play out if President Jacob Zuma survives the ANC National Executive Committee (NEC) vote that he be recalled as president.

That is according to Nomura emerging markets economist Peter Montalto on Monday.

“If the vote does indeed fail, Zuma will indeed be weakened, leaving ‘scorched earth’ or ‘bumble along’ scenarios as his only two options,” said Montalto.

28 Nov 16:41

28 Nov 16:37

News24’s Mahlatse Gallen reports: President Jacob Zuma is continuing with his duties on Monday afternoon as a heated ANC National Executive Committee meeting discussing his fate continues in Pretoria.

The Presidency released a short statement shortly after a Presidential motorcade left St George’s Hotel where the NEC meeting is underway.

The statement said Zuma is meeting with Ugandan President Yoweri Museveni.

“The two Heads of State are expected to review bilateral co-operation between their two countries as well as the latest regional political and security developments in the continent,” presidential spokesperson Bongani  Ngqulunga said.

On Sunday, Zuma’s defenders were optimistic that they will defeat the motion tabled by Tourism Minister Derek Hanekom for the president to step down as party leader. They admitted that they were “ambushed” by the motion on Saturday, with some of his supporters not attending the final NEC meeting for the year.

More of his defenders including Water Affairs Minister Nomvula Mokonyane were expected to address the meeting.

28 Nov 16:31

34 members apparently say that the President should step down while 30 members want him to stay, according to reports from 702.

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28 Nov 14:58
Exchanges between Floyd Shivambu and Mzwanele Manyi on Twitter getting heated. 

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How the rand could swing if ANC dumps Zuma 

In the shocking event that the ANC National Executive Committee (NEC) votes to recall President Jacob Zuma on Monday, the rand could strengthen against the dollar, according to a political analyst. 

Analyst Daniel Silke told Fin24 on Monday that there would be some positive effect on the rand should Zuma be recalled, saying it would "strengthen moderately". 

"This could mean the currency moving to R13.50 or stronger to the dollar, but any further strength would be unlikely as the fair value of the currency is anywhere between that level and R14/$. 

"The rand is still a function of global market trading," he said. "The effects of a stronger dollar and the possible US interest rate increase put pressure on our currency." 

"Ultimately, the recall of Zuma would be seen by markets as initially positive, which would lead to volatility on the stronger side, but greater political and policy certainty beyond the reign of President Zuma would be needed before any meaningful and more long-term strength is felt." 

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According to reports filtering in from the ANC NEC gathering, ANC spokesperson Zizi Kodwa has indicated that the meeting "will go on till very late", without any further clarification given. 

28 Nov 13:27

Trump, Zuma and ratings reprieve boost rand 

A mixture of a weakening dollar caused by Donald Trump’s future presidency, rating agency reviews in South Africa on Friday and a party meeting that could unseat President Jacob Zuma has seen the rand strengthen by almost 2% on Monday morning.

The rand, trading as low as R13.83 to the dollar at 10:20, had broken through the R14 ceiling earlier on Monday, amid a report by News24 that three cabinet ministers had called on Zuma to step down or that the ANC National Executive Committee (NEC) vote to remove him. 

The main reason for the rand’s strength however was the result of the dollar weakening across the board.

"Late Friday and early Monday price action suggest that the election-related upside in the dollar and treasury yields is finally petering out," said RMB analyst John Cairns in a note on Monday.

"This has allowed some good rallies in emerging market and risk currencies, with the dollar dropping below R14 for the first time since the election." 

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28 Nov 12:48
Derek Hanekom dismisses unsubstantiated claims made by Kenny Kunene. 

28 Nov 12:40

ANC in KZN backs Zuma amid NEC calls for resignation 

The ANC in KwaZulu-Natal says it does not see any reason for the party's national executive committee (NEC) to call on President Jacob Zuma to step down.

"We are not aware of any justified reasons for the president to not conclude his term of office," ANC provincial spokesperson Mdumiseni Ntuli said on Monday.

Ntuli was speaking outside the Durban Magistrate's Court where Dawie Kriel, who stands accused of making a racist Facebook post, appeared.

Ntuli said the KwaZulu-Natal branch of the party had heard of the NEC development in the news. 

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Floyd Shivambu responds to Mzwanele Manyi. 

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OPINION: Will Zuma go today? 

By Alet Janse van Rensburg 

The extended ANC NEC meeting is undoubtedly one of the most important political events in South Africa for the past decade, says Prof. Susan Booysen, a lecturer of politics at University of the Witwatersrand.

"The extended NEC meeting is certainly not normal and we know that what is unfolding are deliberations at the highest level about the future of the president," she says.

"We know what is at stake. We know he'll go in due course, but it is also important to see when he goes. For the first time in almost a decade the NEC is waking up, saying they're seriously considering recalling the president."

Booysen says this is significant because the NEC members have to overcome their own hurdles, such as their deep loyalty to President Jacob Zuma. At the same time there is a history of damage caused to the party by recalling President Thabo Mbeki that would be fresh in everyone's minds. 

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