It was announced a few minutes ago that 14 top cabinet ministers, including the Deputy President and the Ministers of Finance, Defence and numerous other key portfolios have tendered their immediate resignations. The resignation of Trevor Manuel comes as a surprise, seeing that he was specially trotted out during a Saturday press conference to assure a nervous investor & corporate world that he won't be leaving.
Along with this, comes the release of shocking inflation figures. Consequently, the Rand is now in free-fall as South Africa's governance crisis deepens, and it seems fear and panic is gripping the JSE. Where this is all going is hard to predict. In recent days we've heard rumours that the ANC is busy splitting and one faction seriously considering launching a new party, something which is really good news for SA as it will negate the current two thirds majority the Marxist ANC enjoys in parliament.
Would the last person to leave the country please switch the lights off?
3 comments:
This is what happens when you let the animals out of the zoo
This is not a good one to hear, but long anticipated in RSA
We all knew it would turn to ratshit once the ANC took power. No great surprise apart from it taking so long to fall apart.
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