Politics
The political future of Ramaphosa remains in doubt
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The meeting of the ANC Executive Committee (NEC), which was supposed to discuss the future of party president Cyril Ramaphosa this afternoon, has been postponed after brief consultations on the Phala Phala saga and is expected to meet again on Sunday.
Cyril Ramaphosa’s political future remains in doubt after a meeting of the ANC’s executive committee, convened amid calls for the resignation of a president accused in a parliamentary report of violating his oath, was postponed.
National Chairman of the ANC Gwede Mantashe, who was present at the first consultations of the NEC, believes that the country will plunge into chaos if the president resigns. In turn, the Acting Secretary General of the ANC, Paul Mashatile, says that at the meeting of the ANC executive committee it was not discussed whether President Cyril Ramaphosa expressed his intention to resign.
In recent days, South African President Cyril Ramaphosa, 70, who succeeded Jacob Zuma in 2018 with an anti-corruption postulate in South Africa, has found himself in a quandary after a parliamentary commission released a Monday report on Wednesday saying he may have violated the anti-corruption laws of his country.
According to this document, the South African head of state concealed from the police and tax authorities an alleged robbery attempt that took place in 2020 at his Phala Phala property, located in the north-east of the country.
Under the terms of a complaint filed in June last year by Ramaphosa’s political opponent, $580,000 worth of bills were found hidden in sofa cushions in one of the rooms of the house, located on the presidential property. Sources close to Ramaphosa claim that the banknotes correspond to the sale of cattle to a Sudanese businessman for cash.
Faced with the scandal unleashed by these revelations, Parliament, in which the ANC has a majority, may have to decide next Tuesday on the possible launch of a process to remove the South African president.
This case occurs when only two weeks are left before the meeting at which the ANC will decide who will be its new president and, accordingly, the next head of state, if the opposition party wins in 2024. organization of early elections.
It should be remembered that the ANC has been in power in South Africa since 1994, after the first free elections in the country, which brought the historic anti-apartheid leader and ANC President Nelson Mandela to power.
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Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!
Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.
Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.
The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.
For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!
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The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.
Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.
No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.
Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.
Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.
The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.
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The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .
The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.
Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.
The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.
Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.
“This is a victory for Italian and European citizens who demand energy security,” he added.
Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.
However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).
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