Berliner Boersenzeitung - S.Africa's Ramaphosa in talks with ANC as impeachment pressure builds

EUR -
AED 4.029728
AFN 75.48207
ALL 98.678122
AMD 426.359814
ANG 1.98545
AOA 1012.639275
ARS 1071.66059
AUD 1.613883
AWG 1.974811
AZN 1.861123
BAM 1.953783
BBD 2.224304
BDT 131.644087
BGN 1.956245
BHD 0.413273
BIF 3196.100251
BMD 1.097117
BND 1.429924
BOB 7.612141
BRL 5.985648
BSD 1.101663
BTN 92.439563
BWP 14.571955
BYN 3.605178
BYR 21503.499151
BZD 2.220507
CAD 1.490226
CDF 3149.823807
CHF 0.941908
CLF 0.036753
CLP 1014.120826
CNY 7.700112
CNH 7.788656
COP 4569.734935
CRC 571.410059
CUC 1.097117
CUP 29.073609
CVE 110.151277
CZK 25.339892
DJF 196.167471
DKK 7.455428
DOP 66.2516
DZD 146.286969
EGP 53.050419
ERN 16.45676
ETB 131.788138
FJD 2.427317
FKP 0.83552
GBP 0.836108
GEL 3.00636
GGP 0.83552
GHS 17.428007
GIP 0.83552
GMD 75.700945
GNF 9511.180376
GTQ 8.524199
GYD 230.472054
HKD 8.520751
HNL 27.392719
HRK 7.459313
HTG 145.25004
HUF 401.425311
IDR 17191.828148
ILS 4.184301
IMP 0.83552
INR 92.188627
IQD 1443.11009
IRR 46194.123705
ISK 148.911989
JEP 0.83552
JMD 174.070285
JOD 0.777308
JPY 163.12601
KES 141.528269
KGS 92.923696
KHR 4471.383611
KMF 492.550804
KPW 987.404951
KRW 1477.674246
KWD 0.33608
KYD 0.918052
KZT 532.030716
LAK 24325.885236
LBP 98650.550251
LKR 323.545962
LRD 212.610495
LSL 19.24603
LTL 3.239502
LVL 0.663635
LYD 5.253576
MAD 10.775375
MDL 19.328045
MGA 5045.790576
MKD 61.556447
MMK 3563.394206
MNT 3728.004548
MOP 8.809505
MRU 43.612973
MUR 51.00448
MVR 16.840387
MWK 1910.227824
MXN 21.158165
MYR 4.66
MZN 70.094909
NAD 19.24603
NGN 1818.866671
NIO 40.538147
NOK 11.710603
NPR 147.9033
NZD 1.781353
OMR 0.422423
PAB 1.101663
PEN 4.103763
PGK 4.38747
PHP 61.795137
PKR 305.700985
PLN 4.317485
PYG 8587.134388
QAR 4.016653
RON 4.980249
RSD 116.898311
RUB 105.002135
RWF 1492.559038
SAR 4.121081
SBD 9.082719
SCR 16.467941
SDG 659.908171
SEK 11.382164
SGD 1.431406
SHP 0.83552
SLE 25.066171
SLL 23005.995657
SOS 629.550034
SRD 34.228251
STD 22708.113114
SVC 9.639048
SYP 2756.540069
SZL 19.238138
THB 36.566868
TJS 11.732287
TMT 3.850882
TND 3.369921
TOP 2.56956
TRY 37.582949
TTD 7.471286
TWD 35.45771
TZS 2984.159458
UAH 45.353875
UGX 4039.829161
USD 1.097117
UYU 46.072433
UZS 14035.509325
VEF 3974365.068759
VES 40.581524
VND 27175.59561
VUV 130.25197
WST 3.069145
XAF 655.280469
XAG 0.034105
XAU 0.000414
XCD 2.965014
XDR 0.819254
XOF 655.280469
XPF 119.331742
YER 274.609166
ZAR 19.185998
ZMK 9875.368615
ZMW 29.000059
ZWL 353.271324
  • BCC

    0.6100

    138.9

    +0.44%

  • SCS

    0.3500

    12.97

    +2.7%

  • CMSD

    -0.0770

    24.813

    -0.31%

  • RELX

    -0.3200

    46.29

    -0.69%

  • RIO

    -0.1300

    69.7

    -0.19%

  • NGG

    -0.4700

    66.5

    -0.71%

  • RYCEF

    0.0000

    6.98

    0%

  • RBGPF

    58.9400

    58.94

    +100%

  • CMSC

    -0.0400

    24.7

    -0.16%

  • JRI

    -0.0200

    13.28

    -0.15%

  • BCE

    -0.1300

    33.71

    -0.39%

  • AZN

    -0.4600

    77.47

    -0.59%

  • VOD

    -0.0300

    9.66

    -0.31%

  • GSK

    0.4500

    38.82

    +1.16%

  • BP

    0.4200

    32.88

    +1.28%

  • BTI

    0.1800

    35.29

    +0.51%

S.Africa's Ramaphosa in talks with ANC as impeachment pressure builds
S.Africa's Ramaphosa in talks with ANC as impeachment pressure builds / Photo: JUSTIN TALLIS - AFP

S.Africa's Ramaphosa in talks with ANC as impeachment pressure builds

President Cyril Ramaphosa was in talks with South Africa's ruling party late Thursday as pressure mounted for him to quit or be forced from office over a cash burglary at his farm that he allegedly covered up.

Text size:

Ramaphosa "is looking at a number of options and... consulting with a number of role players" in the African National Congress (ANC), presidential spokesman Vincent Magwenya told journalists.

The talks were unfolding on the eve of an emergency session of the party's decision-making body to discuss the escalating crisis.

The national currency, the rand, fell nearly three percent earlier as Ramaphosa cancelled a scheduled question-and-answer session in parliament following publication of a report into the scandal.

Opposition politicians and critics of Ramaphosa fired a volley of demands that he resign.

"The President has to step aside now and answer to the case," said senior cabinet minister Nkosazana Dlamini-Zuma, who ran unsuccessfully against Ramaphosa as ANC leader in 2017.

"His best course of action remains immediate resignation," said the leftist opposition Economic Freedom Fighters (EFF).

Ramaphosa has been under fire since June, when South Africa's former spy boss filed a complaint with the police.

It alleged Ramaphosa had hidden a burglary at his farm at Phala Phala in northeastern South Africa from the authorities.

Instead, he allegedly organised for the robbers to be kidnapped and bribed into silence.

The vast sum stashed at the farm has cast a dark shadow over Ramaphosa's bid to portray himself as graft-free after the corruption-stained era of Jacob Zuma.

- Impeachment risk -

A three-person inquiry on Wednesday submitted a report to parliament in which it concluded Ramaphosa "may have committed" serious violations and misconduct.

The report will be examined by parliament on December 6.

That debate could open the way to a vote on impeaching Ramaphosa -- a term that in South Africa means to remove from office.

Ramaphosa, in his submission to the panel, steadfastly denied any wrongdoing and warned of the "interest of the stability of government and that of the country."

But the scandal, complete with details of more than half-a-million dollars stashed beneath cushions at the farm, has come at the worst possible moment for him.

On December 16, he contests elections for the presidency of the ANC -- a position that also holds the key to staying on as national president.

The ANC's National Executive Committee is due to hold urgent talks on Friday, party spokesman Pule Mabe said..

Ramaphosa took office at the helm of Africa's most industrialised economy in 2018 on a promise to root out corruption.

He now risks becoming the third ANC leader forced out since the party came to power after the end of apartheid in 1994.

Impeachment, in South Africa, means the removal of the president.

Section 89 of the constitution empowers the National Assembly to remove a sitting president provided the vote is supported by at least two-thirds of lawmakers.

Serious violation of the constitution, serious misconduct or inability to perform the functions of office are the permitted grounds for an impeachment motion.

Ramaphosa's predecessor Zuma survived four impeachment votes until his own party, the ANC, forced him to resign over graft in 2018.

The ANC also forced Thabo Mbeki out of office in 2008 in the middle of a power struggle.

- Cash in sofa -

The South African public has been riveted by details from in the investigation, particularly over $580,000 in cash that was stolen from beneath sofa cushions at his ranch.

The sum was payment made by a Sudanese citizen who had bought buffaloes, Ramaphosa said.

Farm staff initially locked the money in an office safe, he said.

But a manager then decided that the "safest place" to store it would be under the cushions of a sofa inside Ramaphosa's residence at the farm, he said.

Ramaphosa told the inquiry that the accusations against him were "without any merit" and asked it not to take the matter "any further."

But the panel concluded that Ramaphosa had failed to report the theft directly to police.

He had acted in a way inconsistent with holding office and exposed himself to a conflict between his official responsibilities and his private business, it said.

(S.G.Stein--BBZ)