AS IT HAPPENED: Zuma stays, rand drops

2017-04-05 10:23

Top ANC officials have accepted that they made a "mistake" by publicly criticising President Jacob Zuma following the reshuffle.


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Last Updated at 10:50
05 Apr 13:12

05 Apr 12:44

National Treasury director general Lungisa Fuzile revealed he resigned and will aim to leave by mid-May.

In an exclusive video interview with Fin24 at the Cape Town International Convention Centre on Wednesday, Fuzile said he wrote his resignation letter to former Finance Minister Pravin Gordhan last week.

05 Apr 12:35

05 Apr 12:22
ANCNWC briefing concludes

05 Apr 12:18

05 Apr 12:17
Mantashe: says when alliance runs to the media it breaks the relationship and they question who they can talk to

05 Apr 12:12
The rand is currently trading at R13.85/$, from an intraday low of R13.42 and R13.49 just before the news that President Jacob Zuma has survived an internal ANC call for him to stand down.

05 Apr 12:11

05 Apr 12:11
Mantashe: Unity is not like mixing water and syrup and you get a drink, Unity will be earned and forged in the trenches

05 Apr 12:09

Mantashe said ANN7 asking questions as if they are the spokesperson of the ANC.

"Don’t put words in our mouth."

05 Apr 12:08

Zuma has won the day after a special extended ANC National Working Committee meeting rejected calls for him to step down.

"Officials had a candid report on serious issue disagreements, it was a mistake that must not to be committed again," Mantashe said.

05 Apr 12:07

05 Apr 12:06

05 Apr 12:04
Mantashe: if Gordhan mobilises against ANC, it will not be accepted by NEC.

05 Apr 12:02
Mantashe: The mood in the meeting was not as graphic as the officials meeting

05 Apr 12:02

05 Apr 12:00
Duarte: says they did not know about other people being reshuffled but knew about Pravin long ago

05 Apr 12:00

05 Apr 11:58
Duarte: people have a right to march and they should if they wish

05 Apr 11:58
Duarte: ANC does not support any ANC member who may believe they have a right to sjambok people anywhere

05 Apr 11:47
Mantashe: Ministers who are not performing must be looked at. This was raised with the president

05 Apr 11:46

05 Apr 11:45

05 Apr 11:42

05 Apr 11:42

05 Apr 11:38
Mantashe: The custodian between conferences is the NEC

05 Apr 11:37
Mantashe: NEC member (Nzuza and Mokonyane) who claims we were asked to apologise is very economical with facts.

05 Apr 11:37
Mantashe: We have been meeting rating agencies regularly. They have asked many questions and we have answered them

05 Apr 11:34
Duarte confirms that Mantashe didn't receive any letter from the integrity commission. The resolution to remove Zuma doesn't exist

05 Apr 11:33

05 Apr 11:30
Watch it live

05 Apr 11:28
Looks like the EFF saw this coming...

05 Apr 11:25

The rand suffered another blow on Wednesday, losing almost 30c to the US dollar, on the news that President Jacob Zuma has survived calls to resign by members of the ANC.

The graph shows the sharp spike in the USDZAR currency exchange.

Graph source: Bloomberg

05 Apr 11:23

05 Apr 11:23
Mantashe: ANCNWC reflected on the call by SACP and Cosatu for president to resign. He says they will engage members on the matter

05 Apr 11:22
The media is now asking questions

05 Apr 11:21
Mantashe emphasises the need for unity but healthy debate must be created.

05 Apr 11:21
Mantashe: financial institution including banks are solid, functioning well. We are reaffirming institutions are intact.

05 Apr 11:21

05 Apr 11:18
Mantashe: It was accepted there was a "irretrievable" breakdown in the relationship between the President and Pravin Gordhan.

05 Apr 11:18
Mantashe: We have noted the concerns raised by S&P and the removal of Pravin Gordhan

05 Apr 11:16
Controversy of the reshuffle revolves around the reshuffle of Gordhan other ministers have been made invisible - Mantashe

05 Apr 11:15

05 Apr 11:14
Mantashe: There shouldn't be an expectation that the ANC will be part of a campaign to unseat it's own president

05 Apr 11:14
Mantashe: The controversy has not revolved around reshuffle it has revolved around the minister of finance

05 Apr 11:11
Mantashe: events that unfolded following the announcement of Cabinet Reshuffle have created anxiety, undue confusion.

05 Apr 11:10
Mantashe says they rely on the confidentiality of their discussions with alliance

05 Apr 11:10
Mantashe: the ANC is worried about serious leaks - in particular the SACP leak of reshuffle.

05 Apr 11:09

05 Apr 11:08

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