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Fin24 reports that the Federation of Unions of SA (Fedusa) said in a statement on Monday that a successful no confidence-motion in Parliament unseating President Jacob Zuma could restore SA’s ratings credibility.
On 18 April at a special sitting of the National Assembly, members of Parliament will debate and vote on the ninth motion of no confidence since Zuma become President in 2009. Opposition parties do not have enough votes to unseat Zuma and will therefore require support from ANC ranks. “Therefore the focus shifts to the ANC parliamentary caucus to see if it will back Zuma and his new cabinet,” Fedusa said in its statement. According to Fedusa, South Africa will need a government of national unity, which is committed, credible, and capable of restoring the confidence of investors and ratings agencies.”
- Read this report by Liesl Peyper in full at Fin24
- Read Fedusa’ press statement in this regard at Polity
Get other news reports at the SA Labour News home page