Not so smoothly

Finweek English Edition - - Front Page - THE ANC’S


de­ci­sion to ac­cord the or­der of the boot to Pres­i­dent Thabo Mbeki and the sub­se­quent res­ig­na­tion of the Deputy Pres­i­dent, 10 min­is­ters and three deputy min­is­ters added fuel to the fi­nan­cial mar­ket’s flames. There wasn’t much mar­ket re­sponse to Mbeki’s an­nounce­ment ini­tially but af­ter the res­ig­na­tions it im­me­di­ately fell by 2%. Trevor Manuel’s an­nounce­ment that he’d re­main in the gov­ern­ment eased the panic. THE CI­TI­ZEN said of all the candidates the ANC could choose as pres­i­dent un­til the next elec­tion, Kgalema Mot­lanthe would make the most sense. Busi­ness Re­port said Mot­lanthe’s ap­point­ment would send a strong mes­sage to the mar­ket, in­clud­ing that there would be no rad­i­cal pol­icy changes. The Week­end Ar­gus said the ANC must do some­thing about peo­ple who tar­nish its im­age, such as youth leader Julius Malema.

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