Zuma fate undecided as ANC NEC meeting focuses on party celebrations

FILE President Jacob Zuma addresses delegates at the ANC's 54th national conference at Nasrec on 16 December 2017

Meanwhile, President Jacob Zuma will lead a South African delegation to the thirtieth edition of the African Union (AU) Summit, in Addis Ababa, in Ethiopia from January 22 to 29.

In his goodbye speech as ANC leader last month, the 75-year-old Zuma acknowledged "failures" that have threatened the party's future and said greed was posing a serious threat.

Since Ramaphosa narrowly defeated Nkosazana Dlamini-Zuma, the rand has rallied from around R13.60/dollar, to around R12.23.

The rand weakened in midday trade yesterday to its worst in almost three weeks after the ANC said an early exit for President Jacob Zuma had not been discussed at a party meeting.

South Africa's president said Tuesday he is appointing a commission of inquiry to look into corruption allegations that have led to calls for his ouster and weakened the ruling party, declaring "this matter can not wait any longer". "And the ANC meeting only ends on Friday so there will be more headlines and that means rand volatility should continue", said trader at RMB Jim Bryson.

Thibaut Courtois unhappy with Chelsea's boo-boys
He knows all the players, he knows all the teams, he asks me different things about the French competition, or other things... He said: "Every game I try to make the best decision for the team and it was right to make this decision".

Zuma's detractors say that his continued tenure as state president will severely hamper the ANC's efforts to decisively win the 2019 elections.

The ANC's top decision makers also meet this week, and Zuma's recall is expected to be on the agenda.

When asked about the issue of two centres of power with Zuma remaining the head of state, and Cyril Ramaphosa the recently elected party president, Magashule said the are no two centres of power, as the ANC is the only centre of power.

Meanwhile, in equities, the benchmark JSE Top40 index slipped 0.03% to 53167.96 points while the broader all share index declined 0.22% to close at 59979.63 points.

Related News:



Most liked

Brian Daboll Leaving Alabama, Joining Buffalo Bills Staff
Brian Daboll comes to the team after recently helping Alabama win a college football championship as their offensive coordinator. He came to UA from the New England Patriots, where he was tight ends coach. "I know how much this area means to him".

Wrong woman killed in murder-for-hire plot
Zengotita-Torres worked with the intended victim at Ross Dress for Less (pictured) in Kissimmee and was accidentally targeted. A murder-for-hire plot spun out of a love triangle went awry when the wrong woman was kidnapped and killed, authorities said.

Another chance for snow early this week for the Valley
There will be plenty of sunshine through Sunday afternoon, and winds will calm down throughout the afternoon and evening. The evening round will be part of a strong cold front that will bring in arctic air behind it to start next week.

Thousands flee rumbling volcano in Philippines
SHELTER FROM ASHFALL- Children of Barangay Anoling in Camalig, Albay, wear masks as protection from ash spewed by Mayon. The incident prompted Phivolcs to raise the alert level on Mayon from Level 1 (abnormal) to Level 2 (ncreasing unrest).

Car goes airborne, slams into 2nd floor of office
According to police, the driver later admitted to using narcotics when the crash occurred, the Los Angeles Times reported . The vehicle caught fire after it went into the building, Daniel Sanchez, who witnessed the accident , told KNBC .

Chelsea Manning Confirms She's Running for US Senate
Manning received world-wide renown following her arrest in 2010 after an internal US Army investigation. She is running as a Democrat and will likely challenge two-term Senator Democrat Ben Cardin .

Kevin Sumlin to be new Arizona football coach
His first season at Texas A&M was 2012, when the Aggies took the SEC by storm in their first season after moving from the Big 12. Former Dallas Cowboys VP of player personnel Gil Brandt tweeted this afternoon that Sumlin to Arizona is "official".

TPS ending for Salvadorans; families at risk
The country has received millions of dollars in aid for the recovery and rebuilt schools, homes and hospitals, the official said. The country, however, has one of the world's highest murder rates and gang violence is rampant.

GM reveals vehicle without steering wheel or pedals
GM executives said seven USA states already allow the alterations sought by the carmaker. Autonomous cars are the future and there's no doubting that.

Detroit Lions Likely To Hire Matt Patricia As Head Coach
It appears that the back-and-forth of "will he or won't he" be the next head coach of the Lions may be over. Patricia can't agree to a deal with the Lions until the Patriots season is officially over.

Martin O'Neill And Roy Keane On Verge Of Irish Exit
O'Neill has instead chosen to remain at Ireland, with whom he verbally agreed a new contract in October. Stoke now face a race to make an appointment before Saturday's visit of Huddersfield.

Man on Greyhound bus who threatened to kill passengers is in US
The Racine County sheriff said on Saturday that Vargas-Rosas is an illegal immigrant who has been deported before. A total of 37 passengers, including the driver and suspect, were on board at the time of the incident.

5 women reportedly accuse James Franco of sexual misconduct
Franco maintained that the tweeted accusations were not accurate , but said that he would not try to actively refute them. Franco's lawyer, Michael Plonsker , disputed the allegations to the Times .

Kerber wins Sydney International
It's nice to be able to get a lot of matches here and be rewarded with the final". Kerber drops just two sets throughout her week in Sydney .

Horse race bet with William Hill
How to place a bet To place your wager/bet, all you need is to provide the appropriate information to the ticket writer. Simply you just have to pay £1horse bet and you can easily watch the live horse racing broadcast on your device.