Mcebisi Jonas has resigned as an ANC member of parliament

Bruno Cirelli
Aprile 18, 2017

The federation movement was for the first time not consulted on the Cabinet reshuffle.

The country's currency tanked nearly 10% last week after Zuma sacked a host of cabinet ministers, including finance minister Pravin Gordhan, but regained over 1% against the USA dollar on Wednesday following the reports that several key figures within the ANC will back the president.

The secretary-general said any anti-Zuma movements won't work but will instead force the party to close ranks:"It will take South Africans appreciating that we are an organisation, we have a responsibility and a task to discuss issues and take decisions before recalling Zuma".

Former high commissioners, ministers and many respected anti-apartheid activists also told the media that the ANC should do "the honorable thing and recall the president", especially after the party's integrity commission advised that he should resign.

Since midnight reshuffle on Thursday in which Gordhan and other ministers were sacked there have been growing calls for Zuma to step down.

The South African government remains committed to a measured fiscal consolidation that stabilizes the rise in public debt, President Jacob Zuma said on Tuesday.

S&P Global Ratings cited Gordhan's departure as one reason for its downgrade of South Africa to "junk" in an unscheduled credit rating review on Monday, a move that is set to push up the country's borrowing costs.

Jonas was at the center of the state capture scandal after revealing that he was approached by friends of the president, the Gupta family, with an offer to be finance minister - on condition that he assist them in securing billions of rands' worth of government contracts.

Zuma urged calm, saying public disagreements within the government "demoralise our people and create confusion".

But deputy central bank governor Daniel Mminele said the downgrade was a serious setback and the bank would act if political events caused the favourable interest rate outlook to reverse, suggesting it may have to contemplate rate hikes.

Gordhan's removal has deepened a rift within the ruling party, with Deputy President Cyril Ramaphosa, a leading candidate to replace Zuma as ANC president, describing it on Friday as "totally, totally unacceptable".

Mantashe noted the "unprecedented development" of ANC officials speaking out, adding that they had given the NWC a "candid report about their serious and hard disagreement". "See you on the 18th" of April, he said when asked if he will be on Parliament on the day of a no-confidence vote in Zuma.

South African opposition party, the Democratic Alliance (DA) has received the backing of firebrand Julius Malema's Economic Freedom Fighters (EFF) party to table the motion of no confidence against Zuma for the reshuffle.

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