Time’s up: Jacob Zuma has resigned

In an address to the nation late on Wednesday evening, President Jacob Zuma announced his resignation.

“I have … come to the decision to resign as the president of the Republic with immediate effect,” he said.
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Rand now strongest in two years – Let see how long this surge will continue

The rand traded under R12 against the dollar Wednesday for the first time since May 2015. Dawie Roodt, chief economist at the Efficient Group, says it is outstanding news for the country and has several benefits. The rand improved to R11,95 last morning. Roodt says there are three main reasons for this. “Investors’ confidence against […]
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Who is Cyril Ramaphosa? A profile of the new leader of the ANC

South Africa’s governing party, the African National Congress (ANC), has a new president – Cyril Ramaphosa. But who is he? Ramaphosa cuts a fitting figure to take over government, stabilise the economy, and secure the constitutional architecture that he helped create at the end of apartheid. But to expect more would be expecting too much. […]
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ANC NEC sharpen their knives, ramp up efforts to dismiss Zuma

He may have had a reprieve earlier in the week, but Jacob Zuma can consider himself on the ANC NEC hit-list. The party’s National Executive Committee are determined to force Mr Zuma out of his Head of State role, according to City Press sources. He may have stood down as ANC President, but he still […]
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Rand turbo-boosted in the wake of Ramaphosa win

The Rand enjoyed broad stability for most of last week and in fact gained on all of the G10 currencies leading up to the ANC elective conference over the weekend. The Ramaphosa result helped it kick on from Monday. The rally was aided in part by a weaker US Dollar, although it advanced far further […]
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Suid-Afrikaanse Ambassade in Israel “gesluit”

Die ANC het besluit om die ambassade in Israel te sluit en, die kantore sal in die toekoms slegs ‘n skakel wees tussen die twee lande. Dit is gedoen om ondersteuning te toon aan die “verdruktes in Palestina”, en is waarskynlik ‘n teenreaksie teen die Amerikaanse president, Donald Trump, wat Jerusalem as hoofstad van die […]
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Rand turbo-boosted in the wake of Ramaphosa win

The Rand enjoyed broad stability for most of last week and in fact gained on all of the G10 currencies leading up to the ANC elective conference over the weekend. The Ramaphosa result helped it kick on from Monday. The rally was aided in part by a weaker US Dollar, although it advanced far further […]
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How South Africans reacted to Cyril Ramaphosa becoming ANC president

South Africans have gone ballistic online after the news broke that Cyril Ramaphosa is the new ANC President. CR17 has won the day, or has it? After days of waiting, South Africans were finally greeted with the news that Cyril Ramaphosa has been officially elected as the new president of the ANC. With millions of […]
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Madonsela happy with court judgement on “reckless” Zuma

The woman of the moment, former Public Protector Thuli Madonsela has welcomed Wednesday’s court ruling on the State Capture report. Madonsela says that the judgment made by Judge Dunstan Mlambo was in line with her own view of how President Jacob Zuma dealt with the report. “If someone says your house is burning, honestly, you’ve […]
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“Russia could influence the ANC Elective Conference” – ISS researcher

Well, Russia might as well make it a hat-trick after being accused of rigging the American elections of 2016, and Brexit votes in that same year. Now Putin and the gang are setting their sights on the ANC Elective Conference 2017. That’s according to Jackie Cilliers. He is a political scenario planner for the Institute […]
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