South Africa's deputy president consolidated his control of the government on Sunday, promising to conclude a power transition in which he would succeed President Jacob Zuma, who faces widespread calls to resign because of corruption allegations.
At 0631 GMT, the rand traded at 11.9300 per dollar, 0.58 percent firmer than Friday's close of 12.0000.
It is likely to be carried because many previous diehard Zuma backers in Parliament have publicly jumped ship and openly declared support for Ramaphosa as the new president of the ANC.
The alleged negotiations come at a time when the ANC's top members are said to be urging Zuma to step down and let Ramaphosa take over as president.
The committee could recall the president from office, though he would be under no constitutional obligation to obey the order. "It is important that we manage the discussions now underway with care and objective, ensuring that we put the interests of South Africa first".
"We will continue with the legacy of Mandela to fight corruption", ruling African National Congress (ANC) President Cyril Ramaphosa told a huge crowd at the Grand Parade where Mandela made his first speech after he was released in 1990.
The two have quarreled in recent months, with Ramaphosa publicly criticizing Zuma's decision previous year to fire his respected finance minister, Pravin Gordhan, and his failure to tackle corruption.
The party has only said that those talks were "constructive".
Ziyanda Peter, a 33-year-old unemployed mother of four from Langa, is looking to Ramaphosa to rebuild the ANC and revive the hope that South Africans had for a better future when Mandela led the country.
The occasion of Ramaphosa's speech was heavy with symbolism because he spoke from the same balcony where Mandela spoke on February 11, 1990, after he was released from prison by the white minority government of the time.
"The centenary of the birth of Nelson Mandela gives us a great opportunity for renewal and rebuilding".
"Even if the ANC meeting on Monday decides Zuma needs to step down, he can still refuse because they have no legal authority", Mcebisi Ndletyana, politics professor at University of Johannesburg, told AFP.
Zuma has not spoken since being asked to resign by senior ANC officials on February 4.
- OR vs. Washington State - 2/11/18 College Basketball Pick, Odds, and Prediction
- Turkey bombs Kurdish city of Afrin
- Heading home, Pence insists 'no daylight' on North Korea
- Opening Ceremony of the Winter Olympics Draws 28.3 Million Viewers
- German Foreign Minister: Trump Support Not Necessarily Good for Israel
- Terror bid on CRPF camp in Srinagar foiled, but trooper killed
- North Korea had frank, candid talks with South's president: KCNA
- Turkish troops killed in deadliest day of Kurdish offensive
- Pence raises prospect of USA talks with North Korea
- James' triple-double, Korver's 30 points lead Cavs past Hawks