ANCWL warns bank after ‘confidential’ document says ANC may lose 2019 elections

The African National Congress Women’s League (ANCWL) has lashed out at Rand Merchant Bank, after it allegedly warned that the ANC may lose the 2019 elections if president Jacob Zuma remains in power.

According to a report by TimesLive, a confidential RMB document said that political uncertainty could persist up until 2019 – when there may be a change of government.

“The market may be under-pricing the probability that Zuma gets forced from office in the next few months‚” the report allegedly said, based on the analysis of seven analysts.

The Women’s League said it believed that the alleged report portrays the ANC as a dying organisation that will not win 2019 elections, “and is expected to split should the preferred candidate of RMB not be elected as the ANC President in December 2017”.

According to TimesLive, the RMB report stated that Nkosazana Dlamini-Zuma was the front-runner to lead the ANC after her ex-husband steps down.

Deputy president Cyril Ramaphosa, along with ANC treasurer general Zweli Mkhize, were viewed to be behind Dlamini-Zuma in the race for power.

“It is prudent for RMB to note that the nominations and elections of ANC leadership is done by ANC members and it is upon members to rally behind the all democratically elected leadership of the organisation,” the ANCWL said.

“The ANC remains the only hope for the ANCWL supporters, members and the general public who are on daily basis faced with untransformed financial sectors where some banks such as the FNB charge different loan interests to different racial groups,” the league said.

“It is only the ANC government through established institutions like Competition commission that can deal with banks which are involved in the corruption of the manipulation of the SA currency,” it said.

The ANCWL said that the ANC, working with other patriotic institutions, will eradicate the legacies of apartheid which have created inequality, unemployment and poverty in SA.

Read: Is the downfall of the ANC inevitable?



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