The case has put pressure on the president amid heightened tensions within the ruling African National Congress.
The fate of South African President Cyril Ramaphosa could be decided when the governing party’s executive committee meets to discuss allegations that he may have committed misconduct and breached oath of office.
A parliamentary inquiry, which will discuss Monday’s executive committee meeting, relates to findings that large sums of foreign currency were hidden at Ramaphosa’s private game farm and that he failed to report the missing money when it was stolen in 2020.
Ramaphosa said on Sunday he would attend the ANC National Executive Committee (NEC) meeting and accept the decision.
The case, which has brought pressure to the president amid heightened tensions within the ruling African National Congress (ANC) party, stems from a police report filed last month by former national spy chief Arthur Fraser. In June, he was harassed in parliament by opposition lawmakers.
Ramaphosa has denied wrongdoing and has not been charged with any crimes. He said the money stolen was the proceeds of buffalo sales and far less than the millions of dollars alleged when the theft came to light in June.
“By lunchtime, depending on where we are on the schedule, we will have the treasurer general come and do a doorstop,” ANC spokesman Pule Mabe told reporters.
Party leaders and supporters of Ramaphosa, dressed in the colors of the ANC, arrived at the rally on Monday and some supporters chanted his support.
Ramaphosa has received strong support from his allies within the party and has vowed to fight on, with his spokesman saying the panel’s findings would be challenged.
Investors fear uncertainty and that any other president could slow or reverse economic reforms and increase government spending and take on more debt at levels they deem unsustainable.
Despite doubts about Ramaphosa’s integrity, he is still seen by investors at home and abroad as cleaner than any of his rivals.
South Africa’s main opposition party, the Democratic Alliance (DA), said it had tabled a motion to dissolve the national assembly and reiterated its call for early elections.
“Parliament’s role is right to act in times like these… It can only do this by dissolving the National Assembly so that the president can call early elections,” said DA leader John Steenhuisen.
The South African rand traded stronger on the day, up 1.74 percent from 08:42 GMT, as expectations that Ramaphosa would resign were quashed.