Browsing: Jacob Zuma

From the benefit of hindsight, the Confidence vote was to buy Zuma some time and see if he could turn the fortunes of the country around and in turn rekindle the fast ebbing faith of the people in the party. However, like a hungry lion roused from its slumber, the people of South Africa would know no rest until they found some succour. For them, a hope for succour was in the form of Zuma stepping down from the exalted seat. Like all responsible party in civilised democracies, the ANC did not delude itself as to the consequence of remaining in support of Zuma. They acknowledge the power of the people far above the power of ANC at the polls. They knew that loyalty to Zuma would ultimately spell doom from them during the general elections to elect new National Assembly and new provincial legislatures.

South Africa’s main stock market index jumped nearly 4 per cent, putting it on track for its biggest one-day gain in more than two years as investors welcomed Zuma’s resignation after nine years in office plagued by corruption allegations.

South Africa’s main stock market index jumped nearly 4 per cent, putting it on track for its biggest one-day gain in more than two years as investors welcomed Zuma’s resignation after nine years in office plagued by corruption allegations

In a 30-minute farewell address to the nation, 75-year-old Zuma said he disagreed with the way the ANC had shoved him toward an early exit after the election of Cyril Ramaphosa as party president in December, but would accept its orders.