focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLonmin Share News (LMI)

  • There is currently no data for LMI

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

RPT-UPDATE 2-Zuma's ex-wife given boost in South Africa leadership race

Sat, 07th Jan 2017 21:23

(Repeats to additional subscribers)

* ANC women's league backs Dlamini-Zuma as party leader

* Party to pick successor to President Zuma in December

* Dlamini-Zuma is Zuma's ex-wife, African Union chair

* Vice President Ramaphosa expected to be main rival

By Joe Brock

JOHANNESBURG, Jan 7 (Reuters) - The chances of South AfricanPresident Jacob Zuma's ex-wife, Nkosazana Dlamini-Zuma, becomingthe next leader of the African National Congress were given aboost on Saturday with the endorsement of the ruling party'swomen's division.

The ANC will pick a new leader at a conference in Decemberand, given its national dominance since coming to power at theend of apartheid in 1994, the winner is likely to go on to beSouth Africa's next president when elections are held in 2019.

Dlamini-Zuma, the chairwoman of the African Union, is viewedas a frontrunner. She is a Zulu, the largest tribe in SouthAfrica, and is expected to have the backing of her formerhusband, who will have a major say in who succeeds him.

The Women's League's endorsement is the first for a specificcandidate by a national section of the ANC and will intensifythe debate over who will take the party forward after itsuffered its worst local election results last year.

Dlamini-Zuma was regarded as a capable technocrat during hertime as South Africa's minister of home affairs between 2009 and2012 and has since gained international exposure during her timeas the first female head of the AU.

However, critics of Dlamini-Zuma, a medical doctor trainedin South Africa and Britain, say she should have done more tointervene when former president Thabo Mbeki denied that HIVcauses AIDs and imposed anti-scientific policies.

Mbeki's stance has been blamed by health activists for morethan 300,000 preventable deaths. Dlamini-Zuma was foreignminister in Mbeki's cabinet and one of his closest allies.

Vice President Cyril Ramaphosa, a unionist-turned-businesstycoon, is viewed as her most likely rival after powerful tradeunions endorsed him last year.

Neither Dlamini-Zuma, 67, or Ramaphosa, 64, have declaredtheir intention to run.

Ramaphosa, who was once touted as a successor to NelsonMandela, would be the first choice for many investors becausehis background in commerce suggests he will support morepro-business policies than many in the traditionally left-wingANC.

However, he will face criticism from opponents for his roleat platinum producer Lonmin where he was a director andshareholder when violence led to police shooting dead 34striking miners in 2012. An investigation has cleared him ofwrongdoing.

The Women's League has a block of votes at the partyconference and are a critical lobbying group for the ANC,particularly in galvanising support among female voters.

"After careful consideration and opening our eyes as wide aspossible, Nkosazana Dlamini-Zuma is the only suitablecandidate," the Women's League said in a statement.

"Her legacy and influence is known and well documentedthroughout the history pages of the republic and beyond."

Many South Africans believe it is time the ANC had a femaleleader, a rarity on a continent with strong patriarchalheritage. Zuma has previously said that South Africa is readyfor a female president. (Editing by Alison Williams and Susan Thomas)

More News
21 Oct 2016 09:39

S.Africa's platinum wage talks in area where agreement can be secured - Implats

JOHANNESBURG, Oct 21 (Reuters) - South Africa's Impala Platinum said on Friday talks over workers' pay with AMCU union have reached a stage where an agreement can be secured. "We continue to engage AMCU so we are in constant contact with AMCU and its our understanding that we are potentiall

Read more
21 Oct 2016 09:28

S.Africa's AMCU union gets members' mandate for platinum wage talks

JOHANNESBURG, Oct 21 (Reuters) - South Africa's biggest platinum mineworkers union AMCU has secured a mandate from its members over wages and other conditions in the industry, it said on Friday. It is unclear what mandate the Association of Mineworkers and Construction Union secured. It sai

Read more
6 Oct 2016 12:38

UPDATE 1-South Africa's AMCU union says platinum wage talks at "critical stage"

(Recasts with comments to conference) By Ed Stoddard and Tanisha Heiberg JOHANNESBURG, Oct 6 (Reuters) - Wage talks are at a "critical stage" between South Africa's Association of Mineworkers and Construction Union (AMCU) and Anglo American Platinum, Impala Platinum and Lonmin, the un

Read more
6 Oct 2016 11:10

South Africa's AMCU union says platinum wage talks at a critical stage

JOHANNESBURG, Oct 6 (Reuters) - Wage talks are at a "critical stage" between South Africa's Association of Mineworkers and Construction Union (AMCU) and Anglo American Platinum, Impala Platinum and Lonmin, the union's president said on Thursday. Speaking to journalists on the sidelines of a

Read more
5 Sep 2016 16:35

UPDATE 1-South Africa's AMCU, platinum mines fail to reach wage deal

(Adds details) JOHANNESBURG, Sept 5 (Reuters) - South Africa's biggest platinum mine-workers' union and the industry have failed to reach a deal on workers' pay, the union said on Monday, raising the prospect of industrial action in the world's top producer of the white metal. The Ass

Read more
5 Sep 2016 15:57

South Africa's AMCU, platinum mines fail to reach wage deal

JOHANNESBURG, Sept 5 (Reuters) - South Africa's biggest platinum mine-workers' union and the industry have failed to reach a deal on workers' pay, the union said on Monday, raising the prospect of industrial action in the world's biggest producer of the white metal. The Association of Minew

Read more
18 Aug 2016 16:10

Lonmin closes project financing for bulk tailings project

(ShareCast News) - Lonmin managed to clinch project financing for its Bulk Tailings Treatment Project, which analysts said would allow the miner to add low-cost production as it progresses on restructuring the business. An unnamed party agreed to provide the platinum producer with $50m through a pro

Read more
2 Aug 2016 10:58

Tuesday broker round-up

(ShareCast News) - HSBC: Berenberg reiterates buy with a target price of 600p. Intertek: Numis maintains reduce with a 3100p target. Barclays: Citigroup reiterates buy with a 135p target. IAG: HSBC stays at reduce with a 325p target. Anglo American: UBS keeps at sell with a target price of 740p.

Read more
1 Aug 2016 13:48

Lonmin shares slide on production update

(ShareCast News) - Platinum producer Lonmin announced its production results for the quarter ended 30 June on Monday, and provided a business update. "[This was] another good quarter in a challenging operating environment," said chief executive Ben Magara. "Again I am pleased that we continue to fo

Read more
25 Jul 2016 15:11

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
17 Jul 2016 12:43

Sunday newspaper roundup: Lloyds, UK trade deals, BAE, SABMiller, Lonmin, Uber

(ShareCast News) - The new government could accelerate the re-privatisation of Lloyds Banking Group and scrap George Osborne's plan for a sale to retail investors, senior financiers believe. While Mr Osborne wanted to make a profit on every share in the bank, only selling when the price stood at abo

Read more
8 Jul 2016 13:45

Hobbled by 2014 strike, South Africa platinum producers brace for wage talks

* Platinum firms plead poverty, cite low metal prices * Unions seek wage hikes well above 6.1 pct inflation * 2014 union strike hurt producers, led to job cuts By Zandi Shabalala JOHANNESBURG, July 8 (Reuters) - The world's top platinum miners face tough wage talks next we

Read more
7 Jul 2016 11:32

UPDATE 1-South Africa's AMCU union to start wage talks with platinum firms next week

* Union wants $850 minimum wage from platinum industry * AMCU led 5-month work stoppage over pay in 2014 * South Africa's platinum sector hit by rising costs (Adds quotes, details, slugs pix) By Zandi Shabalala JOHANNESBURG, July 7 (Reuters) - The largest union in South

Read more
7 Jul 2016 09:13

South Africa's AMCU union to start wage talks with platinum firms next week

JOHANNESBURG, July 7 (Reuters) - The largest union in South Africa's platinum industry said on Thursday it would begin wage talks with Anglo American Platinum, Impala and Lonmin on July 12, where it would be demanding higher wages for its members. The union said it wanted a 12,500 minimum

Read more
27 Jun 2016 15:25

BROKER RATINGS SUMMARY UPDATE: Deutsche Lifts ITV To Hold From Sell

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.