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Union Pressures President Zuma to Step Down

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President Jacob Zuma
  • Union Pressures President Zuma to Step Down

South Africa’s largest trade union confederation on Tuesday joined the ranks of President Jacob Zuma’s critics and called on him to step down.

Traditionally an ally to Zuma’s African National Congress party, the Congress of South African Trade Unions said it no longer trusted Zuma’s leadership.

COSATU said it became worried about Zuma,s leadership after his decision to sack finance minister Pravin Gordhan prompted the rating agency Standard and Poor’s to downgrade the country’s sovereign credit rating to junk status.

Speaking at a press conference, COSATU Secretary General Bheki Ntshalintshali said that Zuma was no longer the “right person” to lead the country.

“The time has arrived for the president to step down.

“We no longer believe in his leadership qualities,” he said.

The New Finance Minister Malusi Gigaba said he would lead a delegation with stakeholders to meet with rating agencies.

NAN reports that on March 30, Leader of a South African opposition party, Julius Malema, filed for disciplinary or impeachment proceedings against Zuma in a court application.

Malema, leader of the Economic Freedom Fighters (EFF), said the application to the Constitutional Court would seek to order the Speaker of Parliament to institute the action against Zuma.

He said the filing was linked to a decision by the Constitutional Court in March 2016, when it ordered Zuma to return some of the 16 million dollars spent on enhancing his residence at Nkandla in KwaZulu-Natal province.

Zuma has since has taken out a home loan to repay some of the state money.

The ultra-left EFF party said in a statement the Nkandla saga “renders him (Zuma) unfit to hold the high office of President.”

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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