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Zuma Exit Appears Step Closer as ANC Holds Transition Talks

  • Ramaphosa says transtion talks to be concluded within days
  • South Africa business confidence at highest since October 2015
Bloomberg business news
Bloomberg’s Amo Mbatha reports that South African President Jacob Zuma appears close to stepping down.(Source: Bloomberg)
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South African President Jacob Zuma appeared a step closer to resigning as he held crunch negotiations on the terms of his exit with the new leader of the ruling African National Congress, Cyril Ramaphosa.

The talks prompted the ANC’s National Executive Committee, its top decision-making body, to postpone a special meeting called for Wednesday to decide whether to force Zuma from office. Ramaphosa said the talks about the transition of power would be concluded “within coming days” and that the “uncertainty” over Zuma’s position is a cause of concern. Zuma is seeking immunity from prosecution after he leaves office, according to an official with knowledge of the talks.