ANC in focus after big victory
SOUTH AFRICA: Att-ention in South Africa turned on Sunday to the make
up of president-to-be Jacob Zuma's cabinet and media tipped respected
Finance Minister Trevor Manuel to head a powerful new government
oversight body.
The fate of Manuel is key for markets, keen he stays on with a strong
role after the sweeping election victory of the African National
Congress because of his record on keeping spending in check and
maintaining financial stability.
The Sunday Times newspaper said Manuel was likely to head a new
national planning commission which would monitor government performance
in Africa's biggest economy. It said Manuel's staff recently held a
farewell function for him.
The Sunday Independent said Zuma was likely to keep Manuel in the
cabinet to reassure markets, at a time South Africa faces its first
recession in 17 years, but also said he could be given the powerful
Central Planning Commission portfolio. "Some in the ANC would like his
superpowers to be retained in the cabinet," the paper said.
The rand fell more than 2.5 percent last year when markets thought
Manuel was leaving the cabinet. Expectations he will stay on under Zuma,
close to unions and ANC leftists, have also helped strengthen the rand
recently.
ANC spokesman Brian Sokutu said any discussions on posts would still
only be at the informal level and the cabinet would be made clear after
Zuma's inauguration on May 9. An ANC transition team is in place to
ensure a smooth handover.
"We don't want to entertain speculation about what individual will
take what post," he said.
Official election results released on Saturday gave the ANC 65.9
percent, giving Zuma a strong mandate three weeks after he was able to
get corruption charges dropped on a technicality.
The ANC faced its toughest opposition challenge since the end of
apartheid in 1994 at last Wednesday's vote and lost its two-thirds
parliamentary majority by a whisker. Zuma pledged there would be no
surprises in the new administration's policies.
The Sunday Times said possible new finance ministers could be
businessman Cyril Ramaphosa and current deputy Nhlanhla Nene. But it
added Ramaphosa had declined an invitation for a cabinet position.
Because of the questions about how long Manuel will stay in his
current role, close attention is also being paid to whoever might take
the deputy finance job.
Names mentioned include Pravin Gordhan, who heads the tax authority
and is credited with significantly improving revenue collection. ANC
Treasurer-General Mathews Phosa, a former lawyer and Zuma ally, is also
seen as a possibility.
At the foreign ministry, Zuma's ex-wife Nkosazana Dlamini-Zuma is
widely thought to be on the way out. She has been accused by critics of
embarrassing South Africa by backing governments with dubious human
rights records.
Johannesburg, Sunday, Reuters |