South Africa’s Deputy President Kgalema Motlanthe ruled himself out as a rival candidate to President Jacob Zuma, who is losing support from labor unions and the African National Congress’s Youth League.
Trevor Manuel, South Africa’s former finance minister who heads the National Planning Commission, pledged his loyalty to the ruling African National Congress as he announced he was quitting parliamentary politics.
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.
Any elections in Zimbabwe should be overseen by foreign monitors and take place only after a new constitution has been put in place, Newsday reported, citing South African Deputy President Kgalema Motlanthe .
South African authorities are unlikely to impose a tax on portfolio investment to curb the rand’s rally, Deputy President Kgalema Motlanthe and Finance Minister Pravin Gordhan said in interviews today.