With SA on a knife-edge as the ANC leadership deliberates on President Cyril Ramaphosa’s future, organised business is concerned about the crisis that may arise out of the instability in the governing party, as well as the broader implications for confidence in the economy and country.
News24 reported on Thursday that Ramaphosa had lost the political support of the ANC and was "very likely" to announce his resignation as head of state.
This follows a damning report by an independent panel led by former chief justice Sandile Ngobo on matters relating to the theft of $580 000 from Ramaphosa’s game farm in Limpopo. According to the panel, the president quite possibly contravened anti-corruption laws, violated the Constitution, abused his power and was party to deliberately concealing an investigation. The panel had been appointed by Speaker Nosiviwe Mapisa-Nqakula.