Zuma’s Exit Ends ‘One-Man Disaster’ That Roiled His Nation
- Zuma resigns before parliamentary vote on no-confidence motion
- Falling credit rating, falling rand, rising yields under Zuma
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Before he was pushed from office, South African President Jacob Zuma went from fighting apartheid to facing multiple accusations of corruption during a political career that spanned almost six decades. His resignation will bring an end to an ignominious tenure that undermined the nation’s democracy and crippled the economy.
Zuma announced his departure late Wednesday in a national broadcast just hours before the ruling African National Congress was scheduled to vote on a motion of no confidence in him in parliament. His decision leaves the leadership of the nation in the hands of the party’s leader, Cyril Ramaphosa, who is due to be sworn in on Thursday afternoon.