ANC Women's League president Dlamini upset by Dlamini Zuma defeat
ANC Women’s League president Bathabile Dlamini is yet to give her response to Cyril Ramaphosa’s win late last night.
ANC Women’s League president Bathabile Dlamini is yet to give her response to Cyril Ramaphosa’s win late on Monday night.
The Social Development Minister has been an ardent supporter and lobbyist of the former AU chair.
As journalists were being ushered outside the plenary to give way for a closed session, a visibly upset Dlamini rushed out the venue as soon as the results were announced.
The ANC Women’s League president refused to speak to the media, with Small Business Development Minister Lindiwe Zulu requesting that Dlamini be given time to process the news of Dlamini Zuma’s loss.
“I’m asking you nicely, very nicely by the way, give her a chance, give the Women’s League a chance to sit down and really absorb what has happened.”
Meanwhile, inside the plenary there was mixed reaction to the announcement of results which includes candidates from both slates.
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SACP ACCEPTS OUTCOME
The South African Community Party (SACP) said it accepts the outcome of the new ANC leadership and has called for the “appropriate cleansing” of the party.
SACP’s first deputy general secretary Solly Mapaila said organisational renewal should start from the ground.
Mapaila said the new leadership should be given an opportunity to prove itself.
“We mustn’t undermine the fact that comrade Ramaphosa won the presidency of the ANC and that’s extremely important. But is he committed to fighting corruption, corporate capture and to cleanse the leadership image? I think he is.”
At the same time, University of Cape Town’s associate professor, Richard Calland, said Dlamini Zuma may have lost the presidential position, but her faction has won.
“I think the faction will be quite delighted with tonight’s results and the premier league and patronage network that lies behind her will be deliriously happy with having secured the deputy presidentship in line for the president next time.”
David Mabuza has been elected deputy president.
Gwede Mantashe is the new national chairperson, while Ace Magashule is secretary general.
Jessie Duarte retains her position as deputy secretary general and Paul Mashatile is the new treasurer.
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South Africa’s sovereign dollar bonds extended gains on Monday after the ruling ANC party declared Ramaphosa its next leader, with some longer-dated issues up as much as 1.5 cents on the day.
The 2044 issue rose 1.6 cents to 99.3 cents in the dollar, according to Tradeweb, the highest level since mid-September and the 2041 bond rose 1.3 cents to 110.3 cents, also a three-month high.
They were trading around one cent higher before the announcement.
Investors view Ramaphosa as the more market-friendly candidate, and his election could pave the way for crucial structural reforms.
“Markets are taking the view that ratings downgrades in late February to early March, when the Moody’s review is due, may not happen, at least at that review, and there is a greater chance of political reforms as Ramaphosa does have a strong market track record,” said Manik Narain, a strategist at UBS.
The rand is trading almost 4% firmer on the day, having risen in anticipation of the announcement.
(Edited by Leeto M Khoza)