ANC Youth League will oppose a Zuma recall

South Africa's President Jacob Zuma addresses an anti-crime meeting in Elsie's River Cape Town South Africa

Zuma's move and the rand's reaction came before the new top leadership of the ruling African National Congress gathers for the first time.

On Sunday parliament said it would meet this week and review its rules relating to removing the country's president, after the constitutional court said on December 29 lawmakers had previously failed to hold Zuma to account, further fuelling rumours of an early exit for the 75-year-old leader.

Magashule said that there was only one item on the agenda, namely ANC president Cyril Ramaphosa's speech, celebrating the ANC's 106th birthday.

"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 peopleā€š" Van Damme said.

"The market has increasingly priced in the fact that Zuma will step down before the 2019 election", said Christopher Shiells, managing analyst for emerging markets at Informa Global Markets.

Zuma's sacking past year of Finance Minister Pravin Gordhan triggered downgrades of South Africa's credit rating to junk status, significantly raising borrowing costs for Africa's most industrialized economy.

The president said that "this matter can not wait any longer".

A former trade unionist who was the ANC's key negotiator in the talks that lead to the end of apartheid, Ramaphosa went on to become a wealthy business tycoon, making him a favourite of both the party's left wing and the business community.

While it looks unlikely that Zuma would face any challenge in the current NEC meeting, Business Day, citing party officials, reported that a more intimate meeting could be set up in the coming weeks to discuss the matter. He had earlier been seen jogging on the city's waterfront.

Related:

Comments

Latest news

Liberals Express Outrage Over Ivanka Trump Praising Oprah's Golden Globes Speech
She was born into a poor home in MS but broke through as a television news and talk show personality in the 1980s. Washington Post blogger Jennifer Rubin also took a jab at Ivanka, calling her a hypocrite and "clueless".

Berkshire Hathaway utility unit shuffles top executives
Warren Buffett's main focus isn't delivering stock price gains for Berkshire's shareholders every year. Under him Berkshire's re-insurance business has grown to be one of the largest in the world.

Analysts See $1.12 EPS for Mastercard Incorporated (MA)
FBR Capital maintained the stock with "Mkt Perform" rating in Friday, July 24 report. (NYSE:T) rating on Monday, March 14. Clal Insurance Enterprises Holdings Ltd sold 1.61 million shares as Mylan N V Shs Euro (MYL)'s stock declined 9.77%.

Pakistan says Indian fire killed woman in disputed Kashmir
The Pakistani side defeated the Indian side by 15 to 3.5 goals in the most-awaited match of the event, the ISPR statement added. He said that the Indian side should permit UNMOGIP to play its mandated role as per the UN Security Council resolutions.

De Minaur falls agonisingly short of maiden title
The 21-year-old victor needed two hours and 13 minutes to beat his 18-year-old opponent 1-6, 6-4, 7-5, reports Efe news agency. That ranking is soon set to rise to No.127 as he embarks on an Australian Open campaign starting against Tomas Berdych.

Other news