The rand is down 0.9% to the dollar since the report was released - dropping to R17.15. However the fall in relation to the pound has been much steeper - falling 1.6% to reach R20.60.I have reached out to some of Ramaphosa's closest allies who have expressed absolute shock at the findings of the Section 89 Panel. One close ally said:"things just got real".There appears to be no clarity yet on the way forward and for now they are grappling with how Ngcobo came to his conclusions.
“The conclusions of the panel require careful reading and appropriate consideration in the interest of the stability of government and that of the country,” the statement read. Furthermore, Ramaphosa’s office is giving consideration to the report and an announcement will be made in due course.Minutes after the independent panel's report on the Phala Phala matter was published, presidential spokesperson Vincent Magwenya's media engagement, scheduled for Thursday, has been cancelled.
The independent panel appointed by National Assembly Speaker Nosiviwe Mapisa-Nqakula to investigate whether there was any evidence of wrongdoing on President Cyril Ramaphosa's part in the Phala Phala saga has said there exists “prima facie” evidence that he breached anti-corruption laws.
Can any1 without skeleton nyana take OVER🙏from anc or opposition or even from the public!THE COUNTRY IS HANGING ON NOTHING!It doesn't need a naked scientist,anc MESSED now it is at WAR with itself!If take all polticians regardles of afiliation to judges wil they pass the test !
Kushubile
Phakama DD
If umgodoyi was a person.
Cheers
His not going. He has not been charged yet. I don’t think he will voluntarily step aside
Bloody Bull insisted on Thuma Mina only for him to screw the very same constitution he took oath of office The ANC as a collective keeps on failing us by bringing delinquents to lead our country It's time we not to support any Goon they bring forward Even this is fraud
Pulls out on which groups? The PresidencyZA accounts to ParliamentofRSA, please don't allow the abuse of power and please protect our constitution
He is going
He must go!
He is going to resign in the coming hrs
Sellout