Mexico admits freeing Chapo's son after 'badly planned' operation
World
ANC insisted Zuma boot out van Rooyen - report
The ANC told Zuma to either reinstate Nhlanhla Nene or appoint Pravin Gordhan as finance minister.
JOHANNESBURG - It has emerged top ANC leaders gave President Jacob Zuma a stark choice just hours before he reversed his decision to appoint David van Rooyen as finance minister.
The Sunday Times is reporting that senior officials within the party warned Zuma of a Brazil styled meltdown if he maintained the appointment of the little known member of parliament (MP).
In a series of interactions last weekend among business leaders, bankers and ruling party bosses, the ANC was reportedly told of the devastating effects that Zuma's controversial axing of Nhlanhla Nene would have on the economy.
The paper reports the ANC gave Zuma two options, either reinstate Nene or appoint Pravin Gordhan to the crucial post.
Top ranks of the ANC including Jeff Radebe, Zweli Mkhize and Jessie Duarte were reportedly told by business leaders that should Zuma not reverse his decision, it would further send the Rand into freefall, leading to a multiyear recession and economic decline.
ANC leaders were also told of the impact of interest rates with the expectation that there would be an increase of between one and 1.5 percent over 2016.
The Sunday Times says even the president's allies at the South African Communist Party (SACP) and Congress of South African Trade Unions (Cosatu) turned on him.
More in Local
-
We will not negotiate with criminals - CoCT's Purchase
-
Ramaphosa praises KZN ANC for axing incompetent officials
-
Mkhwebane: Personal cost order against me could threaten PP's independence
-
Battle for DA's future: Who will succeed James Selfe as fedco chair?
-
Knysna community continues search for girl (11) missing for 2 weeks
-
Saturday load shedding unavoidable, says Eskom as it confirms stage 1 cuts
Comments
EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.
comments powered by DisqusHowever, we will NOT condone the following:
- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.
We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.
We strive to make the EWN community a safe and welcoming space for all.
EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.
Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.
EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.