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African National Congress News

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  Sexwale Aid for Poor Seen as Boon for Banks: Mortgages

  When Mzukona Mantshontsho approached a real estate agent about buying a two-bedroom, 300,000 rand ($37,500) house in a new development south of Johannesburg this year, she told him he’d need a 10 percent deposit for his application to be considered, and his salary was too low.

• South Africa’s Sexwale Seeks ANC Presidency, Sunday Times Says

  South African Human Settlements Minister Tokyo Sexwale plans to challenge President Jacob Zuma for the position of leader of the ruling African National Congress in December, the Sunday Times reported, citing unidentified members of his campaign.

• South Africa’s Sexwale Campaigns to Lead ANC, Sunday Times Says

  South African Human Settlements Minister Tokyo Sexwale plans to challenge President Jacob Zuma for the position of leader of the ruling African National Congress in December, the Sunday Times reported, citing unidentified members of his campaign.

• Shabangu Calls S. Africa Mining Taxes Fair, Competitive

  South Africa’s Mineral Resources Minister Susan Shabangu said she sees no need for a major overhaul of the country’s mining tax regime, as the ruling party contemplates changes to the current system.

• South African Road Tolls Delay May Add to Government Debt

  South African sovereign bond yields may increase after a High Court prevented the state road agency from implementing tolls in Johannesburg from today, adding to the government’s debt burden, Rand Merchant Bank said.

• South Africa's Ruling ANC Ends Political Career of Malema

  South Africa’s African National Congress ended the political career of youth leader Julius Malema within the ruling party, expelling him for sowing divisions and damaging its reputation.

• South Africa Bank Chiefs Meet ANC Officials Over Economic Policy

  Chief executive officers and senior leaders of South Africa’s biggest banks met officials from the ruling African National Congress for talks over economic policy, the Banking Association of South Africa said.

• South Africa’s ANC Braces for Repeat of Leadership Fight

  South Africa’s ruling African National Congress is bracing for a divisive leadership fight as President Jacob Zuma prepares to fend off a challenge similar to the one he mounted five years ago to depose Thabo Mbeki.

• South Africa’s ANC to Discuss Doing Business With Nedbank

  South Africa’s ruling party will discuss whether it “makes sense” to bank with Nedbank Group Ltd. after the lender’s chairman said the “moral quotient” of the nation’s political leadership was “degenerating.”

• Malema Loses Appeal Against His Suspension From African National Congress

  Julius Malema, leader of the Youth League of South Africa’s ruling African National Congress, lost an appeal against his suspension from the party, the disciplinary appeals committee said.

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