ANC Leaders Meet to Discuss Appointment of South African Cabinet
- ANC says the cabinet is likely to be announced in 48 hours
- Rand whipsaws on anxiety over ministerial appointments
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Leaders of the African National Congress met to finalize South Africa’s new cabinet, people familiar with the matter said, as investors anxiously await the appointment of ministers almost a month after elections failed to produce an outright winner.
Top leaders of the party met on Wednesday morning in the capital, Pretoria, two of the people said, asking not to be identified as they’re not authorized to speak to the media. The process of appointing the cabinet is moving slowly and it’s unclear when the appointment of ministers will be made public, the people said.