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Thursday, March 30, 2017

Exclusive: South Africa's Zuma considers stepping down early in deal to oust Gordhan

Exclusive: South Africa's Zuma considers stepping down early in deal to oust Gordhan
4/ 5 stars - "Exclusive: South Africa's Zuma considers stepping down early in deal to oust Gordhan" of America seven years to kill Zuma is considering offering to step down next year, at least 12 months before his term as South ...
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of America seven years to kill
Zuma is considering offering to step down next year, at least 12 months before his term as South African president ends, under a deal with opponents in his ruling party that would see Finance Minister Pravin Gordhan leave office now, two senior party sources said.

Zuma is due to be replaced as leader of the African National Congress (ANC) at a party conference in December after serving his allocated two terms, but was expected to remain the country's president until elections in 2019. His spokesman did not respond to several calls for comment.

Zuma's offer would allow him a dignified exit as there remains a possibility he could be removed by the ANC before next year. Who becomes the next leader of the ANC is key for Zuma given he could yet face corruption charges, analysts say.

His offer appears intended as a way out of an impasse over the country's leadership within the divided ANC, but may not be enough to satisfy opponents of Zuma, who want the president out early anyway and urgently want Gordhan to stay.

The South African Communist Party, an ally of the ANC, also said it objected to Zuma's plan to sack Gordhan.

The main opposition leader, Mmusi Maimane of the Democratic Alliance, announced plans to bring a motion of no confidence against Zuma in parliament after his intention to fire Gordhan was confirmed.

There is precedent for an ANC leader to leave the presidency early. Thabo Mbeki was removed by the ANC as South African president in 2008 after his time as party leader ended at the close of the previous year.

Splits in the ANC deepened this week after Zuma ordered Gordhan to return from an investor roadshow in Britain, raising expectations of a cabinet reshuffle that markets fear will include the finance minister's removal. Gordhan is viewed favorably by investors and the rand fell sharply when he was ordered home.

After Zuma's offer to go was reported, the rand extended gains and was 1.32 percent stronger at 12.88 to the U.S. dollar by late Thursday morning.

"Zuma's early departure after December conference is on the table. It's being discussed," one of the sources said. "He could be forcibly removed so it makes sense for him to go on his own terms."

Zuma's opponents have become increasingly vocal, and agreeing to stand aside early could help prevent a permanent split in the former liberation movement of Nelson Mandela, which last year suffered its worst result in local elections since it swept to power with the end of apartheid in 1994.

Some senior members of the ANC are pushing for Zuma's departure now, applying pressure on him to find a compromise.


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