We can now assign roughly equal probabilities to three outcomes at the ANC’s December conference. These are: victory for a slate headed by ANC deputy president Cyril Ramaphosa, a successful counterchallenge from ANC treasurer-general Zweli Mkhize and the postponement, or perhaps collapse, of the conference. The likelihood of any of the other widely touted outcomes – such as a win for Nkosazana Dlamini-Zuma, Jeff Radebe or Lindiwe Sisulu – is becoming vanishingly small. A Ramaphosa victory remains narrowly the most likely outcome. Mkhize still faces significant challenges as he cannibalises the beached whale Dlamini-Zuma’s campaign has become. Meanwhile, a collapsed or postponed conference would have disastrous implications; most ANC activists will strive to avoid it. If Ramaphosa does prevail, a new national executive committee will press for the removal of Jacob Zuma from the state presidency to avert a further economic crisis and institutional implosion. It will also begin prepara...

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