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Home ยป Industry News ยป It’s Zuma’s move to make in battle for power

It’s Zuma’s move to make in battle for power

ย SA is on tenterhooks as it awaits President Jacob Zumaโ€™s next move in his struggle for power with Cyril Ramaphosa.

Time is against Zuma, South Africaโ€™s ultimate political street fighter, as Ramaphosa has relentlessly grabbed political space since he won the presidency of the ANC by a razor-thin majority in December. The party expects Zuma to respond to its decision to replace him as president sometime on Wednesday.

Zuma succeeded in delaying the inevitable last week when his apparent willingness to negotiate prompted Ramaphosa and the rest of the ANC leadership to postpone a meeting of their top body, the national executive committee, to decide his future.

But as the talks dragged on, the NEC decided late Monday that his time was up. When he countered by asking to remain in office for another six months, the party bosses said enough is enough.

โ€œItโ€™s not up to Zuma now; he no longer has any option,โ€ said Mpumelelo Mkhabela, a political analyst at the University of Pretoriaโ€™s Center of Governance Innovation. โ€œThey gave him the option to take control of his own resignation, and when that didnโ€™t work the party took control. The idea of trying not to humiliate him didnโ€™t work.โ€

While ANC Secretary-General Ace Magashule was at pains toย show respect for the president on Tuesday, saying the party didnโ€™t move against him because he โ€œhas done anything wrong,โ€ critics say his tenure will be remembered as a time when South Africa went from being known as a ‘rainbow nation’ to one coloured by corruption.

The principal card he has left to play is the threat of disruption. Should he resist the ANC order to resign, the partyโ€™s next option is a no-confidence motion in parliament. The problem is that the EFF already has one on the table, set for February 22.

Voting for an opposition motion would put the ANC in an uncomfortable position, yet opposing to it would keep Zuma in power.

Even if the ANC is able to schedule its own motion before that of the opposition – which legally will be complicated – approval of the proposal will mean Zumaโ€™s entire cabinet must also resign.

While that will present Ramaphosa with a clean slate, it would complicate the February 21 annual presentation of the budget, which investors are anticipating will show the nationโ€™s new leaders are committed to fiscal consolidation.

Already the political impasse gripping South Africa has forced the unprecedented decision to postpone the State of the Nation Address. Another delay of a major event such as the budget wouldย smell of a serious political vacuum.

Zumaโ€™s key concern may be the courts. The ANCโ€™s former head of intelligence, he took office in May 2009, just weeks after prosecutors dropped graft charges against him.

He spent years fighting a bid by opposition parties to have those charges reinstated and fending off allegations that he allowed members of the Gupta family to influence cabinet appointments and the award of state contracts.

The drop in the partyโ€™s public support during his rule – the ANC lost control of Johannesburg and Pretoria in municipal elections in 2016 – ironically gives him leverage.

Struggling Economy

The party desperately needs a smooth transition, so Ramaphosa can move quickly to fulfill pledges to revive the struggling economy, clamp down on corruption and rebuild its image ahead of elections scheduled for mid-2019. Any delays in parliament and establishing a new government will harm the partyโ€™s chances.

โ€œThe National Executive Committee firmly believes that this situation requires us to act with urgency in order to steer our country towards greater levels of unity, renewal and hope,โ€ Magashule said. โ€œWe are determined to restore the integrity of the public institutions, create political stability and urgent economic recovery.โ€

The prospect of a Ramaphosa presidency has cheered investors, with the rand gaining the most against the dollar of all currencies tracked by Bloomberg since his December 18 election as ANC leader. It slid as much as 0.5% against the U.S. currency on Tuesday, after it emerged that Zumaโ€™s departure could take a while longer than previously expected, and was 0.1% weaker at R11.9483/$ at 20:00 in Johannesburg.

โ€œHe is finished,โ€ said Mkhabela. โ€œThe only thing he needs to do is step down, which is really a procedural matter. He does always like to drag things out and there is a little room for him to refuse to resign, but the end result will be the same.โ€

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Source

Fin24

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