BR100 Decreased By (-0.25%)
BR30 Decreased By (-0.64%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.83 Decreased By ▼ -0.20 (-3.32%)
BML 57.90 Increased By ▲ 5.15 (9.76%)
BOP 33.79 Decreased By ▼ -0.46 (-1.34%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.79 Decreased By ▼ -0.55 (-4.46%)
FCCL 53.49 Decreased By ▼ -0.40 (-0.74%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.84 Decreased By ▼ -0.19 (-1.05%)
FNEL 1.30 No Change ▼ 0.00 (0%)
HUMNL 11.11 Increased By ▲ 0.11 (1%)
KEL 8.02 Decreased By ▼ -0.09 (-1.11%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.40 Decreased By ▼ -0.65 (-0.74%)
NBP 184.24 Decreased By ▼ -2.24 (-1.2%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.25 Increased By ▲ 0.31 (0.78%)
PIAHCLA 26.12 Decreased By ▼ -0.05 (-0.19%)
PIBTL 17.14 Decreased By ▼ -0.18 (-1.04%)
PPL 228.73 Decreased By ▼ -4.05 (-1.74%)
PRL 34.49 Decreased By ▼ -0.46 (-1.32%)
PTC 67.54 Decreased By ▼ -0.02 (-0.03%)
SEARL 90.93 No Change ▼ 0.00 (0%)
SSGC 26.83 Decreased By ▼ -0.34 (-1.25%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.33 Increased By ▲ 0.57 (6.51%)
TREET 24.51 Decreased By ▼ -0.03 (-0.12%)
TRG 71.61 Decreased By ▼ -0.14 (-0.2%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
World

S.Africa's Zuma resigns 'with immediate effect'

PRETORIA: South African President Jacob Zuma announced his immediate resignation on Wednesday after the ruling ANC p
Published February 14, 2018 Updated February 14, 2018 10:54pm

PRETORIA: South African President Jacob Zuma announced his immediate resignation on Wednesday after the ruling ANC party threatened to eject him from office via a parliamentary vote of no confidence.

Scandal-tainted Zuma said in a 30-minute national television address that he had "come to the decision to resign as president of the republic with immediate effect".

"I have served the people of South Africa to the best of my ability. I am forever grateful that they trusted me with the highest office in the land," he said.

Zuma, whose reputation has been stained by years-long allegations of graft, had been instructed to step down by the African National Congress (ANC) party.

He complained about the process, saying: "I don't fear exiting political office however I have only asked my party to articulate my transgressions and the reason for its instructions that I vacate office."

Zuma has been at loggerheads with deputy president Cyril Ramaphosa, his expected successor as president and the new head of the ANC.

Parliament could elect Ramaphosa as president as early as Thursday or Friday.

Copyright AFP (Agence France-Press), 2018

Comments

Comments are closed for this article.