AIRLINK 184.50 Decreased By ▼ -0.69 (-0.37%)
BOP 9.68 Decreased By ▼ -0.25 (-2.52%)
CNERGY 7.27 Decreased By ▼ -0.02 (-0.27%)
FCCL 36.90 Increased By ▲ 0.26 (0.71%)
FFL 14.48 Decreased By ▼ -0.05 (-0.34%)
FLYNG 24.68 Decreased By ▼ -0.24 (-0.96%)
HUBC 126.50 Decreased By ▼ -0.33 (-0.26%)
HUMNL 12.90 Decreased By ▼ -0.17 (-1.3%)
KEL 4.35 Increased By ▲ 0.03 (0.69%)
KOSM 5.95 Decreased By ▼ -0.11 (-1.82%)
MLCF 42.80 Decreased By ▼ -0.09 (-0.21%)
OGDC 199.80 Increased By ▲ 4.36 (2.23%)
PACE 6.16 Decreased By ▼ -0.13 (-2.07%)
PAEL 38.19 Increased By ▲ 0.23 (0.61%)
PIAHCLA 16.95 Increased By ▲ 0.05 (0.3%)
PIBTL 7.75 Decreased By ▼ -0.04 (-0.51%)
POWER 9.32 Decreased By ▼ -0.07 (-0.75%)
PPL 169.10 Increased By ▲ 1.21 (0.72%)
PRL 33.40 Decreased By ▼ -0.62 (-1.82%)
PTC 22.55 Increased By ▲ 0.04 (0.18%)
SEARL 102.30 Decreased By ▼ -1.67 (-1.61%)
SILK 1.07 Decreased By ▼ -0.12 (-10.08%)
SSGC 35.88 Decreased By ▼ -0.07 (-0.19%)
SYM 17.88 Decreased By ▼ -0.22 (-1.22%)
TELE 8.12 Increased By ▲ 0.10 (1.25%)
TPLP 11.77 Increased By ▲ 0.14 (1.2%)
TRG 66.50 Increased By ▲ 0.34 (0.51%)
WAVESAPP 12.00 Decreased By ▼ -0.13 (-1.07%)
WTL 1.54 Increased By ▲ 0.02 (1.32%)
YOUW 3.77 Decreased By ▼ -0.04 (-1.05%)
BR100 11,610 Increased By 40.1 (0.35%)
BR30 34,163 Increased By 128.7 (0.38%)
KSE100 110,816 Increased By 514.5 (0.47%)
KSE30 34,598 Increased By 211.1 (0.61%)

Feuding supporters of ANC rivals Jacob Zuma and President Thabo Mbeki chanted slogans at each other on Monday, highlighting deep divisions as the ruling party chooses its next leader. In chaotic and unprecedented scenes Zuma supporters sang his trademark, anti-apartheid song "Bring me my machine gun" while Mbeki's side responded by chanting his name.
Zuma, a populist with support from powerful trade unions and rank-and-file members of the ANC, is widely tipped to seize the party leadership from Mbeki, who is bidding for a third term.
Because of the ANC's political dominance, this would put Zuma on track to become president when Mbeki stands down in 2009. As heavy rain lashed this northern town, confusion and procedural wrangling badly delayed the work of the five-day conference. The 4,000 delegates were originally slated to vote for a new leader on Sunday before going into policy discussions. But officials said the poll could now be delayed until Tuesday.
"When we came here, we thought there would be discipline, but intimidation is beginning to affect our people," said Deputy Defence Minister Mluleki George, an Mbeki backer.
Zuma's expected victory is worrying markets because of his strong backing from left-leaning trade unions and the Communist Party. The rand sunk to a three-week low on Monday. "It looks like Zuma is going to get the nomination and that is a real worry for South Africa in the future," said Carlin Doyle, emerging markets strategist at State Street Global Advisors in London.

Copyright Reuters, 2007

Comments

Comments are closed.