January 22, 2018

After the NEC Meeting, Lips Zipped On Zuma's Fate

12 January 2018, 11:31 | Marlene Myers

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To this end‚ there was no chance that the debate on whether or not to recall President Jacob Zuma as head of state would be entertained.

The South African delegation will comprise ministers and business leaders, with Finance Minister Malusi Gigaba as the lead minister and coordinator. The country's vice president is seen as more business-friendly than incumbent president, Jacob Zuma.

The two Heads of State will also share perspectives on various issues of mutual importance, such as continental and global developments.

ANC secretary-general Ace Magashule has dismissed claims that there are two centres of power within the organisation. NEC members told News24 on Tuesday that Ramaphosa was expected to ask Zuma to go.

Ramaphosa, 65, must strike a delicate balance between assuaging the concerns of Zuma supporters and meeting the desire of his own backers for the president's quick removal.

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Zuma's replacement as party leader by his deputy, Cyril Ramaphosa, last month prompted widespread expectations of an early end to his time in office, which has been marred by persistent allegations of graft.

"And the ANC meeting only ends tomorrow so there will be more headlines and that means rand volatility should continue", said trader at RMB, Jim Bryson.

Transform RSA was demanding "an unequivocal and unconditional undertaking" by the party and its NEC, allies and partners that there would be no intention to discuss or decide on removing Zuma from office.

In 2016 a damning report questioned Zuma's dealings with the Guptas, a wealthy family of Indian origin, who allegedly were granted influence over his cabinet appointments. "Some of those compromises might not be the ones that South Africans want to hear".

At 1pm the rand was 1.4% weaker at R12.5075 to the dollar, slightly better than the slide to its weakest level since December26.

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