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Category Archives: African National Congress

Rand Volatility Surging Ahead Of ANC Leadership Conference

Volatility in the Rand is surging in the run up to a conference when the ruling ANC could replace Jacob Zuma as its leader. According to Bloomberg, the South African rand’s price swings are set to increase over the next two months as the ruling African National Congress prepares to replace President Jacob Zuma as […]

Rand Tumbles After South African President Zuma Survives “No Confidence” Vote

National assembly speaker (and purported replacement) Baleka Mbete's secret no-confidence vote has failed to oust South African President Zuma. Speaker of Parliament Baleka Mbete shocked South Africans Monday when she announced her decision to allow the vote to proceed on a secret ballot, which would allow party members to vote against their leader outside the […]

Here Comes Zuma’s Critical No Confidence Vote: What To Expect

Yesterday, the rand soared on the unexpected announcement by the national assembly speaker (and purported Zuma replacement) Baleka Mbete that a no-confidence vote for president Jacob Zuma would take place in secret. The vote is set to take place shortly. For those willing to take a sizable gamble, here is what to expect. Superficially, a […]

Zimbabwe 2.0: South Africa President Proposes Land “Expropriation Without Compensation”

With every passing day the formerly booming nation of South Africa is getting ever closer to the formerly banana republic of Zimbabwe. On Wednesday, South Africa’s ruling African National Congress proposed at its 5th annual national policy conference that in addition to potentially nationalizing the country’s central bank, that land expropriation without compensation should be […]

White South Africans Are Preparing For “Removal of All Whites Within Five Years”

Authoreed by Daniel Lang via SHTFplan.com, Back in March, the President of South Africa made a shocking suggestion, which left many white landowners fearing that they may face a race war in the near future. In a speech, Jacob Zuma announced that he wanted the government to begin confiscating white owned lands, before redistributing them […]

Gordhan Learned He Was Fired On TV

In his first comments to journalists since his stunning termination by South Africa’s president Zuma on Thursday night, ousted finance minister Pravin Gordhan dismissed an intelligence report used to justify his sacking as “absolute nonsense”. Quoted by the FT, the internationally respected, if feuding with Zuma, Gordhan said the report, which alleged he was plotting […]

“It’s A Declaration Of War”: South Africa’s President Calls For Confiscation Of White Land

After South Africa’s embattled president Jacob Zuma pledged, in a surprising address to parliament one month ago, to break up white ownership of business and land to reduce inequality (in a State of the Nation address which was disrupted by a fistfight), it now appears that Zuma’s intentions to convert what was until recently Africa’s […]