24.4 C
Accra
Wednesday, July 3, 2024
Independent AfricaBig beasts of business back Ramaphosa inquiry

Date:

Big beasts of business back Ramaphosa inquiry

spot_img

Some of the biggest businesses in South Africa have voiced their support for a panel that found the nation’s president may have broken the law in his handling of a robbery at his farm.

Business Leadership South Africa – a grouping that includes Shell, MTN, Citigroup and BMW among others – said Wednesday’s report was healthy for democracy and urged the authorities to continue investigating “without fear or favour”.

- Advertisement -

Political turmoil and fears that President Cyril Ramaphosa would resign caused a slump in the value of the rand on Thursday, but the currency has rallied somewhat as of Friday morning.

Businesses and stakeholders are seeking stability and a quick resolution.

- Advertisement -

“We would also like to call on all the other organs of state who are working on this matter to conclude their processes and come forward with their findings,” read the statement from Business Leadership South Africa.

Source: BBC

Latest stories

Cement price hikes may lead to shoddy works – Stakeholders

The recent hike in cement prices has sparked widespread...

We are not stealing NDC’s campaign strategy – NPP

The General Secretary of the New Patriotic Party (NPP),...

Trade Minister’s cement L.I. laid before Parliament

The Trade Minister, K.T. Hammond, has sparked debates in...

A future gov’t led by me will intensify the fight against corruption – Alan

Leader of the Movement for Change, Alan Kyerematen has...

Finance Minister updates Parliament on cost of National Cathedral project today

The Minister for Finance is scheduled to appear before...

Related stories

Ghana ranks 2nd in Sub-Saharan Africa for remittances – WB Report

In 2023, Ghana emerged as the second-largest recipient of...

EU bolsters Maritime Security in Sub-Region

EU funds and completes EnMAR training for 15 port...

Dangote refinery in Lagos on fire

A fire broke out at the Dangote Refinery in...

President Ruto calls protests in Kenya “treasonous”

President William Ruto has announced a stringent crackdown on...