Registered users can save articles to their personal articles list. Login here or sign up here

Zuma is said to allow Gupta probe in bid to keep job

The president’s decision came a day before the new top leadership of the ANC met for the first time on Wednesday.

President Jacob Zuma agreed to the appointment of a commission to probe allegations that his son’s business partners had exerted undue influence over state decisions, a move aimed at defusing calls for him to step down immediately, three ruling-party officials with knowledge of the matter said. The rand fell.

Zuma, 75, announced the formation of the commission late Tuesday, two days after he agreed to the probe in a private meeting with Cyril Ramaphosa, the newly appointed leader of the ruling African National Congress, the officials said. They asked not to be identified because the talks weren’t publicly disclosed.

The president appealed a court ruling ordering him to initiate the inquiry headed by a judge nominated by Chief Justice Mogoeng Mogoeng, as directed by the nation’s graft ombudsman, despite the ANC adopting a resolution that the investigation should proceed. Zuma argued that only he had the right to appoint judicial commissions and decide on their terms of reference.

Zuma’s about-turn came a day before the new top leadership of the ANC met for the first time on Wednesday in the southern city of East London. It was hoped that his climb-down would lessen the chances of him being removed before the party’s 106th anniversary celebrations this weekend, the people said.

Voters’ ire

While Zuma’s term as ANC leader ended in December his tenure as national president is only due to end next year. His scandal-tainted rule has eroded support for the ANC, resulting in the party’s worst ever showing in municipal elections in 2016, losing it control of the capital, Pretoria, and the economic hub of Johannesburg. That’s led to growing calls for his exit from senior members of his own party as well as the opposition.

Anticipation that Ramaphosa, a lawyer and one of the wealthiest black South Africans, would imminently replace Zuma helped boost the rand 11% against the dollar last month, the most among the world’s major currencies. The rand extended its decline to as much as 1.6%, to 12.54 to the dollar on Wednesday after ANC Secretary-General Ace Magashule told reporters that Zuma’s removal wasn’t on the party meeting’s agenda, before rebounding to 12.44 by 3:16 p.m. in Johannesburg.

Earlier this week, three of the 86 voting members of the National Executive Committee of the ANC, who spoke on condition of anonymity, said the option of toppling Zuma would be raised at the meeting. Calls to Bongani Ngqulunga, Zuma’s spokesman, didn’t connect.

The ANC’s former head of intelligence, Zuma, took office in May 2009 just weeks after prosecutors dropped graft charges against him. He’s spent years fighting a bid by opposition parties to have those charges reinstated and fending off allegations that he allowed the members of the Gupta family, who are his friends and are in business with his son, to influence cabinet appointments and the award of state contracts.

Ramaphosa is seen as more likely to promote investor-friendly policies. He accumulated his fortune after going into business and partnering with companies including Glencore Plc and McDonald’s Corp.


© 2018 Bloomberg L.P


To comment, you must be registered and logged in.


Don't have an account?
Sign up for FREE

This is a far fetched story. But I guess nothing is impossible when it come to having your snout in the feeding trough.

Mugabe was reportedly ready to throw Grace under the bus so that he can ‘at least stay in power’. Now these allegations that Msholozi would throw the Guptas under a big ol’ rig ‘just to remain in power’ for at least the remainder of the term. What is it about ‘power’ that make all these ‘big’ men grovel to lose pike this when they about to lose power? In Zuma’s case obviously the delay will cause a delay in the commencement of investigations into the 783 charges, thus leaving the trail to get cold(er) and more witnesses to succumb to the biological miracle.

Why would anyone with the best interests of South Africa at heart want Zuma to keep his job for any reason? Hasn’t this pathetic wrecking ball of a person done enough damage?

Hand up! Who thinks this will be an “independent, thorough and truthful” probe?

The outcome of this probe has already been determined. Now they just need to go through the motions before publishing it.

He will be found innocent. His son will be found innocent.
The Guptas do not care what happens now. They have liquidated their assets and the money has left the country.

If you expect justice in Africa you are naive!

The strong will rule, I think until Jesus comes again, if I remember correctly.

Al Capone comes to mind? maybe a hundred times smarter?

Will he ever leave office? that is the question?

Load All 5 Comments
End of comments.





Follow us:

Search Articles:Advanced Search
Click a Company: