South Africa's Ramaphosa awaits ANC panel decision on his fate

Record ID: 1700773

  • Title: South Africa's Ramaphosa awaits ANC panel decision on his fate
  • Date: 1st December 2022
  • Summary: The ANC faced its toughest electoral test on May 8, 2019 as it sought to reverse a slide in support from voters frustrated by graft and racial inequalities a generation after it won power in South Africa's first all-race poll. SOWETO, SOUTH AFRICA (FILE - MAY 8, 2019) (REUTERS) ***WARNING: CONTAINS FLASH PHOTOGRAPHY*** SOUTH AFRICAN PRESIDENT AND ANC LEADER, RAMAPHOSA AND HIS WIFE, TSHEPO MOTSEPE, INSIDE POLLING STATION SPEAKING WITH POLLING STATION OFFICIALS RAMAPHOSA WALKING TO BALLOT BOX RAMAPHOSA PUTTING BALLOTS INTO BOX
  • Embargoed: 15th December 2022 19:39
  • Keywords: Ramaphosa South African president Zuma miners
  • Location: VARIOUS LOCATIONS
  • City: VARIOUS LOCATIONS
  • Country: South Africa
  • Topics: Africa,Government/Politics
  • Reuters ID: LVA005850901011970RP1
  • Aspect Ratio: 16:9
  • Story Text: contains graphic images\part quality as incoming
    South African President Cyril Ramaphosa's fate was hanging in the balance on Monday (December 5) ahead of a meeting of the executive committee of the governing party to discuss allegations he may have committed misconduct and violated the oath of office.
    The inquiry relates to findings that large sums of foreign currency were hidden at Ramaphosa's private game farm and he failed to report the money missing when it was stolen in 2020.
    Ramaphosa has denied wrongdoing and has not been charged with any crimes. He has said the money stolen was the proceeds of the sale of buffaloes and far less than the millions of dollars alleged when the theft came to light in June.
    Ramaphosa said on Sunday (December 4) he would attend the meeting of the African National Congress National Executive Committee (NEC) and would accept its decision.
    Party leaders and supporters of Ramaphosa clad in the colours of the ANC party were seen arriving at the venue of the meeting on Monday. Some supporters sang in support of Ramaphosa.
    Having received firm backing from his allies within the party, Ramaphosa has vowed to fight on, with his spokesman saying the panel's findings would be challenged.
    Investors fear uncertainty and that any other president could slow down or reverse economic reforms and increase government spending and take on more debt at levels they deem unsustainable.
    Despite the doubts raised over Ramaphosa's integrity, he is still seen by investors at home and abroad as cleaner than any of his rivals.
    South Africa’s main opposition liberal Democratic Alliance (DA) party said it had submitted a motion to dissolve the national assembly and reiterated its call for an early election.
    South Africa's rand was trading stronger on the day, up 1.74% as of 0842 GMT, as expectations that Ramaphosa might resign were quashed.
    (Production: Gabriela Boccaccio, Thomas Newey)
  • Copyright Holder: FILE REUTERS (CAN SELL)
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