Dlamini-Zuma appointment as Interim President central to Zuma resignation
13 January, 2018, 06:55
Reflective of the rand's political sensitivity, the currency rallied one percent Tuesday following unconfirmed reports that Zuma had been ousted.
The failure by the ANC NEC and ANC president Cyril Ramaphosa to recall Jacob Zuma on Wednesday only proves that the ANC is incapable of change‚ the Democratic Alliance says.
"If such negative scenario unfolds, optimism among investors may fade leaving the rand vulnerable to a round of profit taking", he told CNBC via e-mail Friday.
Notably the condition that Dlamini-Zuma serve as interim president has been rejected by Ramaphosa, who has instead nominated Human Settlements Minister Lindiwe Sisulu or National Assembly speaker Baleka Mbete for the role.
Magashule said the ANC welcomed the decision by the president to establish a judicial commission of inquiry into allegations of state capture.
Magashule also confirmed that Zuma will attend the ANC's 106th anniversary celebration on Saturday.
"There is no substance to the fact that the former chairperson of the AU will be the president". The statement, drafted by the NEC and delivered by the party president, sets the tone for the year and influences the State Of the Nation Address. Ramaphosa and other leaders of the ruling party paid tribute on January 8 to several missing leaders of the African National Congress in the province of KwaZulu Natal as John Langalibelele Dube, who was its first president and Josiah Gumede, Pixley ka Seme and Albert Luthuli.
"The NEC was emphatic that we must urgently implement the resolution to pursue expropriation of land without compensation with due regard to safeguarding and growing the agricultural sector and ensuring food security‚" Magashule said.
Deputy secretary-general Jesse Duarte said the ANC hopes the event will be a success but will not say how many people are expected.