24 January, 2018
The announcement is a fresh blow to Zuma who has seen his power within the party wane since Cyril Ramaphosa succeeded him as ANC leader at an election last month, putting the deputy president in pole position to become national leader.
There has been widespread speculation in local media that the African National Congress' (ANC) 80-member Executive Committee passed a resolution this week calling for the removal of Zuma as South African president.
According to the executives of the party, "we discussed this matter... there will be interaction between officials, President Zuma and (party) president (Cyril) Ramaphosa and there is no timeline." . He's also vowed to fight the graft that have marred Zuma's administration, Bloomberg said.
An open question remains whether Zuma will step aside before February 8 so that Ramaphosa can deliver the annual state-of-the-nation address. Silke said Zuma was a "festering wound" for the ANC, and Ramaphosa had to move rapidly to reassure worldwide investors and rating agencies that the party was changing course.More news: Speeding Car Flies into Second Story of CA Building
The rand firmed in morning trade on Monday (22 January), as markets digested political events from the weekend, and as global leaders and influential businessmen flock to the World Economic Forum (WEF) annual meeting in Davos, Switzerland.
The South African delegation led by Ramaphosa included a broad range of leadership from various sectors of the economy and society, with Finance Minister Malusi Gigaba the lead minister and co-ordinator.
State Capture. More cartoon magic available at www.zapiro.com. They have also frozen the personal bank account of Atul Gupta, eNCA reported, citing court documents.
"We are determined to address the damage that has been done to this institution and place it on a new path of efficiency and integrity", Ramaphosa said in a statement.