Johannesburg - Mathews Phosa, who accepted a nomination to stand as president, said the African National Congress and the country is in a crisis.
Phosa will challenge Deputy President Cyril Ramaphosa and Nkosazana Dlamini-Zuma, a former chairperson of the African Union Commission, who are seen as the frontrunners to succeed President Jacob Zuma as the party’s leader at a conference in December. Dlamini-Zuma is the president’s ex-wife.
Zuma is under pressure after S&P Global Ratings and Fitch Ratings Ltd. responded to his firing of Finance Minister Pravin Gordhan last month by cutting their assessments of South Africa’s international credit to junk. There have been growing calls for him to step down, and he faces a vote of no confidence in parliament that’s been postponed pending a court ruling.