Ramaphosa to lead South African delegates at World Economic Forum

Gladys Abbott
January 14, 2018

President Jacob Zuma will remain at the helm of the country after the national executive committee (NEC) of the ANC did not deliberate on his future at its meeting in East London on Wednesday.

"The only item on the agenda is the January 8 statement‚" said Magashule‚ adding that the agenda of the meeting was adopted as such and would not change.

The rand has gained around 8 percent as investors bet Deputy President Cyril Ramaphosa's election as leader of the ruling African National Congress would push through business-friendly policies.

Meanwhile, President Jacob Zuma will lead a South African delegation to the thirtieth edition of the African Union (AU) Summit, in Addis Ababa, in Ethiopia from January 22 to 29. However, other insiders have revealed that the marginal victory and the divided NEC have made this hard.

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But if he is able to demonstrate early signs of action - for example, if Zuma is recalled and the cabinet reshaped as Ramaphosa would want - this would be a sign that paralysis won't happen.

Zuma's surprise announcement on Tuesday, that he would establish a commission of inquiry into state capture, was understood to be a preemptive strike at those who wanted to use his lack of movement on the subject as grounds for his removal on Wednesday.

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 officials told Bloomberg.

Ramaphosa was on a charm offensive in the province on Sunday and Monday, meeting with the party's rival groupings in the province, Zulu King Goodwill Zwelithini and paying homage to past ANC presidents from the province.

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