Jacob Zuma resigned before facing motion of no confidence.
- Frederik Herholdt
- Feb 14, 2018
- 2 min read
Jacob Zuma just resigned: "I have taken the decision to resign with immediate effect".
His resignation comes just over a year shy of him completing his term in office. The ANC announced the NEC's decision to recall Zuma this week, in the ANC caucus meeting on Wednesday they said that they will vote him out in a vote of no confidence in Parliament on Thursday if he does not resign.
Zuma had been involved in a serious few scandals during his time in office, some of these include allegations of the so-called Spy Tapes saga, state capture, and the Nkandla fiasco.
After losing support from his party's members and having the NEC recalling Zuma, it is clear that Zuma had no other choice but to resign.
Zuma feels that the way the ANC had treated him during this process had been a bit unfair as there was discussions before the recall of him staying in office and have Ramaphosa take more responsibility.
Rand strengthening: After the news of Wednesday's deadline was revealed, the rand strengthened to a two-and-a-half-year high of R11.79
After Zuma resigned the rand continued to show growth to the Dollar, Pound, and Euro.
Image via www.sharenet.co.za 11:30PM 14/02/2018
Watch the SABC News video of Zuma's resignation speech.
Update 15/02/2018
Next president of South Africa?
Cyril Ramaphosa will take Zuma's place in presidency, he will be sworn in today at 2pm.
"The constitution says the Deputy President automatically becomes the Acting President as soon as there is a vacancy in the Office of the President. Deputy President Cyril Ramaphosa is now the Acting President of the Republic of South Africa", via Twitter @SAgovnews
Posted 14 February 2018 | Frederik Herholdt
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