"The new party comes amid investor concerns.... [and] discontent with Zuma's leadership in the business community and black middle class.... Lekota said South Africa will stand a better chance of ending poverty if the country maintains free-market policies and makes itself attractive to foreign investors... this policy has been welcomed by investors"
Yeah, FUCK YOUR PEOPLE!
Also see: Racist AmeriKan Press Calls African Guerilla
Also type "Zuma" into my blog spot and see what comes up.
"ANC defectors say they will form new party in South Africa" by Paul Simao, Reuters | November 2, 2008
JOHANNESBURG - A breakaway faction of the African National Congress, South Africa's ruling party, decided yesterday to form a new party to contest elections next year, a move that could dramatically reshape the country's post-apartheid political landscape.
The rebellion by members loyal to former president Thabo Mbeki, ousted by the ANC in September, has thrown the traditionally united party into disarray and stoked fears of rising instability in Africa's richest economy.
Mbeki was defeated by Jacob Zuma in a bitter contest for the ANC leadership in 2007 and then ousted by the party nine months later. Zuma is the front-runner to take the presidency in next year's election. Earlier, former defense minister Mosiuoa Lekota, another prominent defector from the ruling party, said the ANC appeared set on interfering in state institutions and enriching its leaders as white minority governments had done during apartheid.
"The threat the nation faces is that we will see the reaffirmation of important elements of that terrible legacy under our new masters," he told the delegates. "We are ready and we will stand up and fight."
Clue: He's a WESTERN TOOL (keep reading).
Lekota, seen as one of Mbeki's most faithful ministers, resigned from the Cabinet five weeks ago in sympathy with his former boss. He and other defectors have been organizing the framework of a new political party since then. The possibility that the pro-business Mbeki wing of the ANC could bolt and join the new party comes amid investor concerns over growing trade union and communist influence in the ANC-led coalition, which has been in power since 1994.
Many analysts say the ANC still commands deep loyalty, even from Mbeki supporters, and that a break-up is unlikely despite some discontent with Zuma's leadership in the business community and black middle class.
Zuma has said he will not tilt government to the left or discard pro-business policies credited for a decade of economic growth. The ANC is determined to prevent a trickle of defections swelling in the months leading up to a general election, which is expected around April 2009. ANC activists have clashed with Lekota's supporters at public meetings in recent weeks.
The ANC went to court Friday to fight the splinter faction. It asked the court to keep the new group from adopting a name that might confuse voters. Delegates to yesterday's meeting of the new party danced and sang antiapartheid songs that praised Lekota and said he was "holding democracy in his hands." Some of those in attendance wore T-shirts with Lekota's picture, while others tore up their ANC membership cards.
The ANC is Africa's oldest liberation movement, founded in 1912. A radical element broke away in 1959 and a small faction broke off after apartheid ended. Mbeki succeeded Nelson Mandela as president of South Africa in 1999 and is credited with spurring nearly a decade of growth in Africa's richest economy.
Notice how the MSM glides right over Mandela and the "terrorist" label he and the ANC had for so long?
In an interview last week, Lekota said South Africa will stand a better chance of ending poverty if the country maintains free-market policies and makes itself attractive to foreign investors.
"The general thrust I have always been comfortable with is the approach we have taken with inflation targeting," Lekota said. "Making sure that we create the necessary stability and making it easy for foreign investors to come in because with that you have capacity to create increased employment," he said.
The desire to keep consumer inflation between 3 and 6 percent has seen the central bank raise interest rates by 5 percentage points in the past two years, to the chagrin of labor leaders and the South African Communist Party. But this policy has been welcomed by investors. --more--"