Kgaugelo’s Weblog

Posts Tagged ‘stock market

As I said previously, I’m no political commentator but now the situation is dire, I gotta speak. I have just heard that 11 Ministers have resigned-following Mbeki’s footsteps. Trevor Manuel is part of those leaving the Cabinet… I wonder who is next? Will update y’all later.

ok I’m back. Word is, most of them [11 ministers] will be going back to the cabinet, according to ANC Secretary General Gwede Mantashe only six of those ministers who’ve left have confirmed they no longer want to serve in the cabinet, these include Mosiuoa Lekota, Essop Pahad, Ronnie Kasrils , Alec Erwin and Sydney Mufamadi and the Deputy President Phumzile Mlambo-Ngcuka. The secretary general says the rest of the ministers, including Finance head Trevor Manuel and his deputy Jabu Moleketi, have indicated they are prepared to serve under the new administration. Mantashe insists that there is no crisis as things will continue as per normal.

All I can say is sobona… [translation we shall see]… Personally I’d like to know what the underlying tensions are within the cabinet, there is something there that is brewing and no one has yet uncovered it? Why have these 11 cabinet ministers followed Thabo Mbeki?

Yes the reason given was their loyality to him but I’m sure that there is more to that. While waching the news last night many of the ministers didn’t want to chat to the reporters. My hunch is that something is brewing, be it in the Mbeki camp or the Msheniwam/Zuma’s camp. Sobona… I’m quite interested to see how the next six months are going to be in regards to the media build up to the elections. SA, we’re in for a bone thrilling surprise which is when I think about it- nerve wrecking because things in  SA are looking pretty uncertain….Furthermore the stock markets are going so crazy for one man [Thabo Mbeki]. . . the all share index has now dropped. The rand to the dollar… i wont say any further. All we can do is hope and pray that all gets better soon…

September 2020