Zuma will respond to ANC exit order on Wednesday - top party official

Zuma calls press conference as ruling ANC moves to force him out

On Tuesday, South Africa's ruling African National Congress (ANC) party formally asked President Jacob Zuma to resign.

ANC chief whip Jackson Mthembu said the party would back an opposition move to censure Zuma in the country's parliament in Cape Town on Thursday and hoped a new president could be sworn in on the same day.

To recall its deployee, Comrade Jacob Zuma, in accordance with Rule 12.2.21.2 of the ANC Constitution, which accords the NEC the authority to "recall any public representative". The police added that the raids resulted in three arrests. Zuma is also implicated in the case.

The 75-year-old Zuma could follow the ANC's instructions and tender his resignation in a letter to the speaker of parliament, Baleka Mbete.

Finance Minister Malusi Gigaba told CNN late on Tuesday Zuma was expected to address the nation at 0800 GMT on Wednesday.

It is unclear whether Zuma is trying to strike an amnesty deal or if he is digging in his heels.

South African President Jacob Zuma was under intense pressure to resign Wednesday as police raided the Johannesburg home of a business family accused of overseeing government corruption under his rule.

A dozen heavily armed tactical police blocked off a street leading to the Gupta home in Saxonwold.

Two other suspects are expected to hand themselves in, the police said.

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The Hawks, South Africa's priority crime unit, confirmed they searched the Gupta's walled compound near Johannesburg zoo.

Originally from India, the Guptas became part of Mr Zuma's inner circle, to the point where they were reportedly hiring and firing government ministers.

Zuma's silence has fuelled speculation of an increasingly desperate power struggle behind the scenes with deputy president Cyril Ramaphosa, whose election to the head of ANC in December marked the beginning of the end of Zuma's tenure.

Below are three possible scenarios for Zuma's departure. Lawmakers are then expected to elect Ramaphosa as South Africa's next president.

Zuma has been discredited by corruption scandals. Zuma already has survived several votes of no confidence and may be convinced he can win this one, too. The ANC once commanded moral stature as the party of Nelson Mandela, but corruption scandals linked to Zuma have cut into its popularity ahead of national elections in 2019. "We can probably assume investors are buying puts", said derivatives trader at Tradition Futures Gillian van Heerden. It's not fair to the ANC.

The ANC's treasurer-general, Paul Mashatile, made the announcement on Wednesday, Reuters reports.

But Zuma's strategy appears unclear.

He said today that he was willing to stand down but had demanded a transition period of around six months before he formally left - something that his party said they were not prepared to consider.

If Zuma refuses to step down and faces off against the ANC leadership in a vote of no confidence, he could lose any terms agreed upon. The recall echoes a scenario that ultimately saw former president Thabo Mbeki resigning from office in 2008.

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