World

Rand slides as Zuma resignation talk is dismissed

Rand slides as Zuma resignation talk is dismissed

"It is quite clear that Ramaphosa is not equal to the task of getting rid Zuma as the majority of the ANC is still made up of corrupt and selfish leaders who put filling their own pockets before the needs of the people‚" Van Damme said.

The South African Presidency said South Africa and Kenya enjoy very warm bilateral relations underpinned by strong historical and political bonds.

"Yet‚ despite all of Zuma's indiscretions‚ Ramaphosa has failed to recall him showing that the ANC will not self-correct and that we can only expect more of the same‚" Van Damme asserted.

The NEC‚ which is the highest decision-making body in between ANC conferences‚ is meeting for the first time after the election of the party's new leadership last month at Nasrec. Joining CNBC Africa to unpack these developments further is Richard Calland, Law Professor, University of Cape Town.

Supporters of Ramaphosa in the NEC plan to propose Zuma's removal at the January 18 meeting of the panel, according to three people with knowledge of the matter who asked not to be identified.




Fick said it is unlikely that the ANC would take the bold step of letting Zuma be removed through a parliamentary process should he refuse to adhere to a party process.

Before taking office, Zuma dismayed the nation during his 2006 rape trial when he told the court he had showered after having unprotected sex with his young HIV-positive accuser to avoid, he said, contracting the virus.

Mr Zuma has been accused of conspiring with a wealthy business family, the Guptas, to control lucrative state contracts.

The beleaguered leader has faced growing pressure to resign before his term as president ends in 2019.

The rand has weakened 0.8% over the past two days, as expectations of Zuma's imminent exit receded, and was 12.46 per dollar at 9:19 a.m. on Thursday in Johannesburg.


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