South Africa's President Jacob Zuma under mounting pressure to quit

South Africa's President Jacob Zuma under mounting pressure to quit

Scandal-tainted South African President Jacob Zuma, who is under growing pressure to resign, held "fruitful" talks on Tuesday with his likely successor Cyril Ramaphosa, the ruling ANC party said. After multiple meetings with the president, it would appear that Jacob Zuma remains reluctant to stepping down, and it has been suggested that he is looking at trying to obtain immunity against allegations of corruption for him and his family before relinquishing the presidency.

In a damning statement, it said there was "overwhelming evidence that systematic looting by patronage networks linked to President Zuma have betrayed the country Nelson Mandela dreamed of".

Journalists from around the world - waited for hours at South Africa's Parliament in Cape Town - expecting to be addressed by ANC President Cyril Ramaphosa.

On Tuesday, South Africa's parliament took the extraordinary step of postponing Thursday's state of the nation address.

The local rand currency, which has been the world's best performing unit since Mr Ramaphosa's election as ANC chief on December 18, was slightly down on the day, recording a fall of 0.2 percent against the dollar at 11.95.

A Reuters poll of 40 currency strategists in the past three days suggested the rand will weaken almost 6% against the greenback this year to 12.70 per dollar, having tightened up by 13% since the week before the December ANC leadership conference.

It would need to call a meeting of the party's National Executive Committee to force Mr Zuma to quit.

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The man poised to replace him, Ramphosa, said only that they had been busy discussing "pertinent matters".

The National Prosecuting Authority is in the coming weeks expected to decide whether or not to reinstate about 783 charges of corruption‚ racketeering and money laundering against Zuma after he filed fresh representations against the charges last week.

"A lot depends on the political outlook for South Africa", added Raji. Zuma and the Guptas deny any wrongdoing.

Zuma has survived several no-confidence votes in parliament but faces another on February 22 filed by the far-left opposition party Economic Freedom Fighters.

Then there is also the country's struggling economy, with the unemployment rate rising to about 28%.

Mr Zuma's popularity among the electorate is at an all-time low due to allegations of widespread corruption hanging over him. This situation has created two centres of power in the country, with tensions between the government and the ruling party's new leadership team.

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