African National Congress (ANC) secretary-general Ace Magashule’s alleged involvement in the formation of the African Transformation Movement (ATM) is the subject of an investigation launched by the ruling party.
Ace Magashule in the news
Magashule can’t seem to stay out of the spotlight at the moment.
The ANC’s secretary-general caused some commotion in early June 2019 when he told media that, during the party’s lekgotla, they had agreed to expand the mandate of the Reserve Bank.
The statement caused an immediate reaction from the South African public and private sector, afraid that the Reserve Bank’s autonomy was at stake.
Finance minister Tito Mboweni took to Twitter almost immediately to refute the claim.
Government sets the mandate for the SARB. There is no quantitative easing thing here. The primary mandate of the SA Reserve Bank is to “protect the value of the currency in the interest of balanced economic growth and development”.
— Tito Mboweni (@tito_mboweni) June 4, 2019
This was backed up by even stronger words from ANC head of economic transformation Enoch Godongwana, who just flat out called Magashule a liar.
The ANC secretary general stuck to his guns on Twitter, posting a message reaffirming the party NEC’s decision to expand the Reserve Bank mandate.
He subsequently deleted the tweet, leaning on the old online fallback of claiming his account had been hacked.
Pretty much no-one in the country believed him.
Involvement with ATM
The investigation into Magashule is not a new idea. Allegations of his involvement with ATM surfaced in May 2019, alongside former president Jacob Zuma.
The Ace Magashule investigation is just now making the news because it was recently approved by all the appropriate ANC’s structures and will officially commence.
The allegations stem from an announcement by head of the SA Council of Messianic Churches in Christ (SACMCC) Buyisile Ngqulwana claiming that consultations were held alongside Ace Magashule and Jacob Zuma to form a new party.
Trust in the system
Speaking to eNCA, ANC Women’s League general secretary Meokgo Matuba has backed Magashule and implored the country not to assume guilt until the proper processes have been followed.
“Let’s investigate. Let’s not rely on allegations. Let’s let comrades have an opportunity to clear their names. Have an opportunity to out clean and say to the nation, ‘This is not what I was doing as the leader of the ANC’.”
“Let’s allow the processes and let’s not assume guilt. It will towards the end of the investigations that we will get the truth in this matter.
“But for now, I don’t believe the ANC secretary general can do such because I am also a leader in the organisation and we all have the responsibility to protect and defend our own organisation.”