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BREAKING NEWS: Jacob Zuma resigns as South Africa’s President

Tgmedia by Tgmedia
February 14, 2018
in Banking
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JOBORG: South Africa’s embattled President Jacob Zuma has resigned his office with immediate effect.

He made the announcement in a televised address to the nation on Wednesday evening.

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Earlier, Mr Zuma’s governing ANC party told him to resign or face a vote of no confidence in parliament on Thursday.

The 75-year-old has been under increasing pressure to give way to Deputy President Cyril Ramaphosa, the ANC’s new leader.

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Mr Zuma, who has been in power since 2009, faces numerous allegations of corruption.

His resignation came at the end of a long speech in which he said he disagreed with the way the ANC had acted towards him.

He said he did not fear a motion of no-confidence, adding: “I have served the people of South Africa to the best of my ability.”

The ANC issued a statement saying Mr Zuma’s resignation provided “certainty to the people of South Africa”.

Mr Zuma, a former member of the ANC’s military wing in the days of apartheid, rose through the ranks of the party to become president. He led the country for more than a third of its time after apartheid.

But he leaves office with several scandals hanging over him, and with South Africa’s economy in dire straits. (BBC)

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