Peroshni's Feed
Aug 17, 2011

S.Africa health insurance plan could sicken economy

JOHANNESBURG, Aug 17 (Reuters) – South Africa’s proposed
National Health Insurance (NHI) scheme, aimed at curing a broken
health system, is shaping up to be the most expensive government
programme since the end of apartheid and could push Africa’s
biggest economy into recession.

Plans to finance NHI will be worked out over the next
several months but one thing economists agree on is that tax
payers will be hard squeezed to fund the ambitious programme
that comes as jobs are being shed in a stagnant economy.

Jul 25, 2011

S.Africa’s ANC wants Malema to explain corruption charges

JOHANNESBURG, July 25 (Reuters) – South Africa’s ruling ANC
on said on Monday it will give its Youth League leader and
political powerbroker Julius Malema a chance to explain charges
made in a newspaper that he had a slush fund to pay for his
lavish lifestyle.

Malema’s call to nationalise mines and seize white-owned
land has unnerved investors but has also seen him gain ground
among poor blacks who make up the majority of the country and
envision him as a future leader of Africa’s most powerful
economy.

Jul 5, 2011

Succession race to lead South Africa’s ANC heats up

JOHANNESBURG (Reuters) – The person regarded as the most credible alternative to replace South Africa’s President Jacob Zuma as the head of the ruling ANC has denied claims he will seek the party’s top job when it elects leaders next year.

Deputy President Kgalema Motlanthe, seen as a respected consensus builder, has been pushed by groups within the fractious African National Congress who want to oust an ineffectual Zuma seen as doing little to push their left-leaning agenda.

Jul 1, 2011

Analysis: Zuma’s backers seek concessions for second term

JOHANNESBURG (Reuters) – South African President Jacob Zuma’s trade union and party youth supporters are seeking concessions in return for backing him for a second term, fanning investor fears over the future of Africa’s biggest economy.

The COSATU labor federation expressed frustration at a strategy meeting this week at being marginalized by Zuma, despite having helped him win leadership of the African National Congress and the presidency, held by the ANC since 1994.

Jun 27, 2011

South African unions attack Zuma’s “zig-zagging”

MIDRAND, South Africa (Reuters) – South Africa’s powerful union movement fired a warning shot at President Jacob Zuma on Monday, telling him not to take its support for granted in next year’s elections for leader of the ruling ANC.

At its four-yearly strategy conference this week, the 2 million-strong Congress of South African Trade Unions (COSATU) also ripped into Zuma’s leadership of Africa’s biggest economy, accusing him of presiding over “wild zig-zagging” in policy.

Jun 14, 2011

Battle lines drawn in bid to lead South Africa’s ANC

JOHANNESBURG (Reuters) – Julius Malema and the ANC Youth League he heads appears to have embarked on a campaign to limit President Jacob Zuma to one term as leader of South Africa’s ruling party, union leaders say.

The anti-Zuma group is supported by wealthy members of the ruling African National Congress (ANC) and fronted by Malema, whose calls for farm seizures without compensation and the nationalisation of mines in the world’s biggest platinum producer have worried investors.

Jun 11, 2011

Anti-apartheid activist Sisulu gets official funeral

JOHANNESBURG (Reuters) – Albertina Sisulu, a leading light of the former anti-apartheid movement and widow of an early mentor of Nelson Mandela, was given an official funeral on Saturday attended by South African government chiefs.

President Jacob Zuma and other top aides took part in the memorial service for Sisulu in a 40,000-seat football stadium in Soweto, the black township near Johannesburg synonymous with the fight against white-minority rule.

May 20, 2011

ANC wins South Africa local polls

JOHANNESBURG (Reuters) – South Africa’s ANC was poised to sweep to victory in local elections but gains by the main opposition DA indicate growing anger at the ruling party, which has been in power since apartheid ended 17 years ago.

The African National Congress had secured 63.6 percent of the vote, as of Friday when almost all of the ballots had been counted, but its final result will likely be less than the 67 percent it gained in the 2006 elections.

May 20, 2011

ANC wins South Africa local polls, opposition support up

JOHANNESBURG (Reuters) – South Africa’s ANC has taken the most votes in local government elections but big gains by the main opposition DA show voters’ anger with corruption in the ruling party and its failure to provide basic services, analysts said on Friday.

The African National Congress, which has ruled Africa’s largest economy for almost 20 years since apartheid ended, had secured 63.5 percent of the vote by early Friday. Analysts expect the final result to show it has less than the 67 percent it gained in the 2006 elections.

May 19, 2011

Opposition gains ground in South African vote

JOHANNESBURG (Reuters) – South Africa’s opposition made gains in early municipal election results on Thursday in what could indicate growing frustration with the ruling ANC party that helped bring down apartheid 17 years ago.

Final audited election results for the election, held on Wednesday for 278 metropolitan areas, could be released by the weekend, an Independent Election Commission official said.