Trevor Manuel resigns as well...

I had a call about this earlier this morning - was heresay and I thought it was rubbish. ****!!!!!
 
And this was yesterday:

22 September 2008 05:33

Finance Minister Trevor Manuel won't resign after President Thabo Mbeki was told to quit by the ruling African National Congress.

"The minister is not resigning," his spokeswoman Thoraya Pandy said by phone from Johannesburg yesterday (SUBS SUNDAY). "I spoke to him this morning, and there was no resignation.''

The leadership of the ANC ordered Mbeki to quit, eight days after a High Court judge suggested he pressured prosecutors to pursue corruption charges against ANC leader Jacob Zuma, whom Mbeki fired in 2005. Manuel, 52, has been finance minister since 1996, overseeing the economy's longest expansion on record.

"He's a member of the ANC and will abide by their decisions," Pandy said.

"We assume all employees will remain where they are,'' ANC Secretary General Gwede Mantashe told reporters in Johannesburg. "We want markets to be sure about where we going. We want to ensure that there's certainty, that's why we've taken this decision.''

Public Enterprises Minister Alec Erwin will announce any decision he makes on whether he stays through the ANC, his spokeswoman Vimla Maistry said. Erwin, who was first appointed Trade Minister in former president Nelson Mandela's cabinet in 1994, backed Mbeki in his failed bid to be re-elected leader of the ANC in December.

"The critical question for the economy is whether there will be policy continuity," Goolam Ballim, chief economist at Standard Bank, said in an interview from Johannesburg late on Saturday. "The day-to-day governing of South Africa could enter a stage of inertia which would have an immediate impact on financial markets.''

"The rand may come under pressure because of the increased uncertainty," Garth Mackenzie, the head of derivatives trading at BoE Stockbrokers, said. "The currency and bond markets will react the strongest."
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If there was one person in the Government doing a good job, it is/was this man. Uncle Trevor had our economic policy sorted! The man's good at what he does. IMO this spells BIG SH one T for us!!
 
....no need the phear, minister of health is still there ;)
 
Arthur said:
This is merely a formality - they need to resign so they can be reappointed by the incoming president. No need to worry (yet).
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Um, what? No the ministers do not need to resign to be re-appointed, hence the articles since Friday focussing on potential resignations, and Manuel in particular. And hence the adverse reaction on the markets...
 
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