JOHANNESBURG (Reuters) &#8211; South Africa’s Finance Minister Nhlanhla Nene said on Wednesday he was fired by former president Jacob Zuma for refusing to approve contracts that would financially benefit the Gupta family, friends of Zuma accused of corruption.
Nene, who was giving testimony at a judicial inquiry into influence-peddling, said the main reason he was he was sacked was for rejecting a proposed plan to build a fleet of nuclear power plants. The project could have cost up to $100 billion.
Zuma and the Gupta family deny allegations they colluded to inappropriately divert state funds.
Reporting by Mfuneko Toyana; Writing by Joe Brock; Editing by Toby Chopra

#StateCaptureInquiry: Zuma fired me for refusing to approve Gupta deals – Nhlanhla Nene

JOHANNESBURG (Reuters) &#8211; KPMG South Africa said on Wednesday it was looking for a new chief executive from outside the company to restore the auditor’s reputation after a corruption scandal that saw it lose several major clients.
Current Chief Executive Nhlamulo Dlomu, was promoted from within the company after a clear out of management last year due to work done for a company owned by the Gupta family &#8211; friends of former president Jacob Zuma who were accused of influencing the award of government contracts..
During Dlomu’s tenure KPMG South Africa has cut hundreds of jobs and shut regional offices to cope with the loss of business after South Africa’s auditor general, in April, said it would terminate all government contracts with the firm.
The Guptas and Zuma have denied any wrongdoing and KPMG has said it found no evidence it had acted illegally.
“Given the scale of the reputational challenges facing both KPMG and the industry, the board has decided that a new chief executive from outside the firm, with strong industry experience, will optimise prospects of rebuilding trust,” KPMG said in a statement.
Dlomu will remain at the company, taking on a newly created global role focusing on ethical leadership and organisational culture change.
The new CEO will be recruited externally, KPMG said, adding that in the interim, its South Africa Chairman Wiseman Nkuhlu will serve as an executive chair.
More than a dozen private companies, including Barclays Africa, one of KPMG’s biggest clients, have dropped the auditor after a public backlash in South Africa over the role of the auditor in the high-profile Gupta saga.
Reporting by Nqobile Dludla; Editing by Joe Brock and Elaine Hardcastle

KPMG South Africa looks for new CEO to restore reputation after corruption scandal

JOHANNESBURG (Reuters) &#8211; The ruling African National Congress (ANC) on Sunday labelled reports that top ANC officials, including former President Jacob Zuma and the party’s secretary-general, were plotting in secret to unseat Cyril Ramaphosa as party leader as “shameless gossip”.
The Sunday Times newspaper said earlier on Sunday that Zuma held a clandestine meeting with staunch backers including ANC secretary-general Ace Magashule, former North-West premier Supra Mahumapelo, ANC Women’s league secretary-general Meokgo Matuba and ANC Youth league KwaZulu-Natal secretary Thanduxolo Sabelo on Thursday.
“The meeting is believed to have discussed a fightback strategy that involves court action to challenge the outcome of last year’s ANC national conference, which elected Ramaphosa party president,” Sunday Times said, citing witnesses and senior ANC leaders.
The paper said the first action from the group was a letter sent to Magashule on Wednesday from regional executive committees in the North West, challenging the ANC’s highest decision-making body for its decision to disband the Mahumapelo-led provincial executive committee.
In a statement, ANC spokesman Pule Mabe refuted the report, saying the ANC rejects attempts to link Magashule to the alleged plot to oust Ramaphosa.
“It is clear that this malicious gossip is calculated to cast aspersions on the integrity and commitment of our Secretary General to the unity and renewal project of the African National Congress,” Mabe said.
Ramaphosa narrowly defeated Zuma’s ex-wife and preferred successor, Nkosazana Dlamini-Zuma, in a leadership vote at the party’s national conference in December. The ANC then ordered Zuma to step down as president in February.
Since taking office, Ramaphosa has been prioritising rooting out corruption as he strives to put the sluggish economy back on a sustained growth trajectory. Such measures led to the forced resignation of Mahumapelo as North West leader.
As bold as some of Ramaphosa’s decisions have been, he still maintains a cautious leadership style as he and some ANC officials know the power that Zuma loyalists retain within the ANC, Africa’s oldest liberation movement.
The ANC Women’s League also rejected the report, saying in a statement it will “defend the unity and integrity of the ANC.”
Reporting by Nqobile Dludla, editing by David Evans

Are top ANC officials plotting to unseat South Africa’s Ramaphosa as party leader?

Inside the Steinhoff saga, one of the biggest cases of corporate fraud in South African business history

South Africa’s ruling party ordered Jacob Zuma on Tuesday to step down as head of state after marathon talks over the fate of a leader whose scandal-plagued years in power darkened and divided Nelson Mandela’s post-apartheid ‘Rainbow Nation’.
<div id="attachment_298838" style="width: 860px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-298838" class="wp-image-298838 size-full" src="http://cnbc.africa/wp-content/uploads/2018/02/Jacob-Zuma-Getty-Images.png" alt="" width="850" height="565" />Former ANC President, Jacob Zuma at the party&#8217;s 54th Elective Conference in Nasrec, Johannesburg. Image: Getty Images</div>
Leading members of the African National Congress now want new party leader Cyril Ramaphosa to replace Zuma as president, ANC Secretary General Ace Magashule told a news conference.
But the party’s national executive was split on precisely when Zuma should go, Magashule added, leaving the president’s immediate fate still hanging in the balance.
There was no word from Zuma or his spokesman but Magashule said the president had promised to respond to the order by Wednesday. The rand weakened, with traders blaming uncertainty caused by the lack of a clear timetable.
Magashule said he had met Zuma personally to pass on the decision. “We haven’t given him any deadline to respond,” he said. “The organization expects him to go.”
Zuma had asked the party to give him a notice period of three to six months but that had been rejected, Magashule said. “Timelines? No. The NEC believes that this is an urgent matter so it should be treated with urgency,” he said.
<h3>BORROWED TIME</h3>
Zuma has been living on borrowed time since Ramaphosa, a union leader and lawyer once tipped as Mandela’s pick to take over the reins, was elected as head of the 106-year-old ANC in December.
Ramaphosa narrowly defeated Zuma’s ex-wife and preferred successor, Nkosazana Dlamini-Zuma, in the leadership vote, forcing him to tread carefully in handling Zuma for fear of deepening rifts in the party a year ahead of an election.
Despite the damning decision to order Zuma’s “recall” &#8211; party speak for ‘removal from office’ &#8211; domestic media said the 75-year-old might yet defy the party’s wishes, forcing it into the indignity of having to unseat him in parliament.
South Africa’s economy has stagnated during Zuma’s nine-year tenure, with banks and mining companies reluctant to invest because of policy uncertainty and rampant corruption.
But since mid-November when Ramaphosa emerged as a real ANC leadership prospect, economic confidence has started to pick up. The rand &#8211; a telling barometer of Zuma’s fortunes &#8211; has gained more than 15 percent against the dollar over that period.
Since becoming president in 2009, Zuma has been dogged by scandal. He is fighting the reinstatement of 783 counts of corruption over a 30 billion-rand (now $2.5 billion) government arms deal arranged in the late 1990s when he was deputy president.
Some within the ANC and the opposition say the Gupta family, friends of Zuma, have used their links with the president to win state contracts and influence cabinet appointments. The Guptas and Zuma have denied any wrongdoing.
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Additional reporting by Olivia Kumwenda-Mtambo; Writing by Ed Cropley and James Macharia; Editing by Andrew Heavens
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ANC orders Zuma to step down as South African president

The ANC will decide President Jacob Zuma’s fate at a special meeting on Monday, the party’s new chief said, in what could be the most serious bid yet to unseat a leader damaged by corruption allegations.
<div id="attachment_290368" style="width: 1034px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-290368" class="wp-image-290368 size-full" src="http://cnbc.africa/wp-content/uploads/2017/11/Zuma_hand_Flickr.jpg" alt="" width="1024" height="693" />DAVOS/SWITZERLAND, 27JAN10 &#8211; Jacob G. Zuma, President of South Africa, speaks at the Opening Media Lunch &#8216;World Cup 2010 &#8211; before the kick-off&#8217; during the Annual Meeting 2010 of the World Economic Forum in Davos, Switzerland, January 27, 2010 at the Central Sport Hotel. Copyright by World Economic Forum swiss-image.ch/Photo by Michael Wuertenberg</div>
Zuma was replaced as leader of the ruling African National Congress (ANC) by Deputy President Cyril Ramaphosa in December and no longer holds a top position in the party.
The meeting of the party’s National Executive Committee (NEC), which has the power to demand that Zuma step down, raises the prospect of a decisive showdown between the 75-year-old allies and those who want Ramaphosa to take over from him now as president.
The remarks by the 65-year-old Ramaphosa were his most pointed yet over the handover of power, although he did not mention Zuma by name. Zuma’s tenure as president officially runs until mid-2019.
“The National Executive Committee of the ANC will be meeting tomorrow to discuss this very matter, and because our people want this matter to be finalised, the NEC will be doing precisely that,” Ramaphosa told a rally in Cape Town on Sunday.
The ANC leader said on Wednesday he and Zuma were holding direct talks over the transfer of power.
Zuma has not said in public whether he will step down voluntarily. His spokesman could not be reached for comment.
The rand has tended to strengthen on signs that Zuma could be ousted before his second term as president ends next year, and might firm more if the NEC demands that he go.
Zuma survived calls last year by some members of the NEC for him to quit.[L8N1IU0QO] But analysts say this time around a bigger section of the party wants him out.
In 2008, shortly after taking the party’s helm, Zuma engineered the ousting of Thabo Mbeki from the presidency.
Since Zuma became president in 2009, he has been dogged by scandal. He is fighting the reinstatement of 783 counts of corruption over a 30 billion-rand (now $2.5 billion) government arms deal arranged in the late 1990s when he was deputy president.
Some within the ANC and the opposition say the Gupta family, friends of Zuma, have used their links with the president to win state contracts and influence cabinet appointments. The Guptas and Zuma have denied any wrongdoing.
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Writing by James Macharia; editing by Andrew Roche
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South African President Zuma’s fate to be decided on Monday, says ANC head

South Africa’s ruling African National Congress (ANC) had been preparing to fire Jacob Zuma as head of state this week, according to leaked comments from a top party official, but a negotiated exit now looks more likely.
<img loading="lazy" decoding="async" class="aligncenter wp-image-127913 size-full" src="http://cnbc.africa/wp-content/uploads/2017/06/Zuma_ANC_Wikimedia.jpg" alt="" width="700" height="497" />
The ANC had scheduled a meeting on Wednesday evening of its National Executive Committee (NEC), which has the authority to fire Zuma, but cancelled it late on Tuesday after “constructive” talks between new ANC leader Cyril Ramaphosa and Zuma.
Ramaphosa said on Wednesday he was holding direct talks with Zuma over a transition of power and he hoped to conclude their discussions “in coming days.”
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But leaked comments from senior ANC official Paul Mashatile suggested that at the weekend Zuma was digging in. Mashatile was part of a group of the ANC’s top six most powerful officials who met Zuma late on Sunday at his official residence in Pretoria in a bid to convince him to resign.
“Zuma basically said to us: ‘I‘m not going anywhere. I‘m not convinced by you guys so I‘m not going to resign,” Mashatile told investors at a mining conference in Cape Town on Tuesday. His comments emerged in a recording leaked to several domestic media outlets late on Wednesday.
“Our view is that if the president doesn’t want to resign, for whatever reason, we have a party to run that is going to be very soon in the election campaign,” Mashatile said. “We want to ensure that we are not involved in motions of no-confidence, or impeachment that will affect our party.”
Mashatile was not immediately available for comment and an ANC spokesman did not respond to a request for comment.
South Africa holds elections next year and ANC leaders worry Zuma’s tenure, which has included corruption scandals and an economic slowdown, could help it lose a majority it has held since the end of apartheid in 1994.
Zuma took power in 2009 but has been in a weakened position since Ramaphosa replaced him as ANC leader in December.
Zuma has survived several no-confidence votes in parliament but faces another on Feb. 22 filed by the far-left opposition party Economic Freedom Fighters.
ANC officials say they want Zuma to resign rather than be forced out by a vote of the ANC’s executive committee, or a parliamentary no-confidence vote, either of which could expose divisions in the party.
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Editing by James Macharia and Matthew Mpoke Bigg
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South Africa’s ANC was preparing to fire Zuma this week, top official says

South Africa’s top court will rule on Friday on a bid to compel parliament to initiate impeachment proceedings against President Jacob Zuma over a scandal related to state-funded upgrades to his private home, local media reported on Thursday.
<img loading="lazy" decoding="async" class="aligncenter wp-image-294186 size-full" src="http://cnbc.africa/wp-content/uploads/2017/12/Jacob-Zuma_GettyImages.png" alt="" width="850" height="565" />
The Constitutional Court reserved judgment on the matter in September after opposition parties submitted the application in the wake of a ruling that Zuma failed to uphold the constitution for not abiding by a watchdog’s finding that he repay some of the public money spent on his sprawling rural home.

South Africa’s top court to rule on Zuma impeachment motion Friday

South Africa’s High Court ruled on Wednesday that an inquiry into alleged state influence-peddling in President Jacob Zuma’s government should be established as recommended by the anti-graft watchdog in a report released a year ago.
<div id="attachment_290368" style="width: 1034px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-290368" class="wp-image-290368 size-full" src="http://cnbc.africa/wp-content/uploads/2017/11/Zuma_hand_Flickr.jpg" alt="" width="1024" height="693" />DAVOS/SWITZERLAND, 27JAN10 &#8211; Jacob G. Zuma, President of South Africa, speaks at the Opening Media Lunch &#8216;World Cup 2010 &#8211; before the kick-off&#8217; during the Annual Meeting 2010 of the World Economic Forum in Davos, Switzerland, January 27, 2010 at the Central Sport Hotel. Copyright by World Economic Forum swiss-image.ch/Photo by Michael Wuertenberg</div>
He is ordered to personally pay the costs,” High Court Judge President Dunstan Mlambo said. The court is due to rule later on whether Zuma is legally compelled by the Public Protector to set up the inquiry.
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Reporting by Tanisha Heiberg; Writing by James Macharia; Editing by Ed Cropley
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South African court orders Zuma to pay costs for challenging watchdog

Lawyers for Jacob Zuma have until midnight to file papers outlining why nearly 800 corruption charges shelved before he became South African president eight years ago but recently reinstated by the courts should not be brought against him.
<div id="attachment_119123" style="width: 1546px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-119123" class="wp-image-119123 size-full" src="http://cnbc.africa/wp-content/uploads/2017/04/shutterstock_337743437.jpg" alt="" width="1536" height="1024" />South African President, Jacob Zuma. Photo: 360b/Shutterstock.com</div>
The revival of the charges could increase pressure on Zuma to step down before his term ends in 2019 and diminish his influence over who succeeds him when the ruling African National Congress (ANC) chooses a new leader in December.
The 75-year-old president has faced and denied numerous other corruption allegations since taking office in 2009.
The 783 charges, which relate to a 30 billion rand ($2.2 billion) government arms deal arranged in the late 1990s, were filed but then dropped by the National Prosecuting Authority (NPA) shortly before he ran for the presidency.
South Africa’s High Court reinstated the charges last year and the Supreme Court upheld that decision in October, rejecting an appeal by Zuma and describing the NPA’s decision to set aside the charges as “irrational”.
The NPA said then that Zuma had until Nov. 30 to make submissions before it decided whether to pursue the charges.
Spokesmen for the NPA and Zuma were not available for comment on Thursday.
Last month’s Supreme Court ruling lifted the rand currency against the dollar as investors bet that Zuma’s removal may be inching closer.
The president is unpopular with many investors after sacking respected finance minister Pravin Gordhan in March, a move that hit South African financial assets and helped tip the country’s credit ratings into “junk” territory.
Infighting within the ruling ANC ahead of next month’s conference to elect a successor to Zuma as party chief has also sapped confidence among the investors upon whom South Africa relies to finance its hefty budget and current account deficits.
One of South Africa’s leading universities, the University of the Witwatersrand (Wits) in Johannesburg, said on Thursday that it had appointed Gordhan as a visiting professor.
He will join other ANC heavyweights who have ended up at the Wits after being sidelined by Zuma, among them another respected and ousted finance minister, Nhlanhla Nene, and former Reserve Bank Governor Tito Mboweni.
Widely seen as a competent and honest technocrat, Gordhan has become an unlikely poster boy for public anger at the president, whose administration has been marred by missteps and allegations of corruption. Zuma denies any wrongdoing.
($1 = 13.6794 rand)
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Reporting by Ed Stoddard; Editing by Ed Cropley and Catherine Evans
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Deadline looms for South Africa’s Zuma over revived graft charges

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The ANC is currently marred by the infighting that is categorised the presidential race, but how will this affect the party post the December elective conference?

Mbhazima Shilowa on ANC succession battles

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It is still not clear if members of parliament will vote on a secret ballot, as speaker Baleka Mbete has yet to decide. Opposition parties like the DA and EFF vowed to take Mbete to court if a secret ballot to remove Zuma from office is not granted. CNBC Africa is joined by Peter Attard Montalto, Emerging Markets Economist for more on how the events will likely play out.

Mbete to announce decision on secret ballot

CAPE TOWN (Reuters) &#8211; South African President Jacob Zuma said a secret ballot in parliament in a motion of no-confidence against him would not be fair as it was meant to help the opposition parties garner a majority they do not have.
A secret ballot is seen by Zuma&#8217;s critics as emboldening lawmakers from his own party to support his ouster by shielding them from pressure.
&#8220;I see no convincing reason why we should change&#8230; You are trying to get a majority you don&#8217;t have by saying secret ballot. I think it is not fair because you are trying to increase the majority you don&#8217;t have,&#8221; Zuma told parliament.
(Reporting by Wendell Roelf, Writing by James Macharia, Editing by Angus MacSwan)
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South Africa’s Zuma says secret no-confidence vote in him “not fair”

CAPE TOWN (Reuters) &#8211; South African President Jacob Zuma told parliament on Thursday the economy would come out of recession &#8220;quicker than we believe&#8221;, his first public comments since data showed Africa&#8217;s most industrialised economy was struggling.
The country sank into recession for the first time in eight years in the first quarter, hit by weakness in consumer sectors such as wholesale, retail and accommodation.
Asked by a lawmaker why he should still be in office given the economic woes and personal scandals, Zuma said he was elected by the people.
(Reporting by Wendell Roelf; Writing by James Macharia; Editing by Ed Cropley)
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Zuma says South Africa to leave recession “quicker than we believe”

Tanisha Heiberg | JOHANNESBURG
South Africa&#8217;s ruling African National Congress must put a stop to public spats and unite to avoid handing the advantage to its opponents, President Jacob Zuma said on Friday.
&#8220;We must unite and close ranks and find solutions to the challenges we face,&#8221; Zuma told veterans of the ANC&#8217;s military wing. &#8220;We cannot afford anymore self-inflicted pain.&#8221;
The ANC has become increasingly divided over Zuma&#8217;s leadership in recent months due to a string of corruption scandals, diminishing public support and economic instability caused partly by a cabinet reshuffle in March.
(Reporting by Tanisha Heiberg; Writing by Joe Brock; Editing by Ed Stoddard)

South Africa’s Zuma calls for end to ANC infighting

Olivia Kumwenda-Mtambo | JOHANNESBURG
South Africa&#8217;s rand weakened early on Monday after media reports that President Jacob Zuma had survived a no-confidence motion against him at a meeting of senior officials of the ruling African National Congress (ANC) on Sunday
At 0645 GMT, the rand traded at 12.9150 per dollar, 0.35 percent weaker from its New York close on Friday.
&#8220;The local markets were keenly awaiting the outcome of the ANC NEC, some optimistic views in the market that the President would not survive a motion of no confidence, but once again that is not the case, and Mr Zuma remains in his seat,&#8221; Nedbank analysts said in a note.
Zuma is facing mounting pressure against him from ANC members, opposition parties and civil society since he axed respected finance minister Pravin Gordhan in March, triggering credit rating downgrades.
Stocks were set to open flat at 0700 GMT, with the JSE securities exchange&#8217;s Top-40 futures index largely unchanged.
(Reporting by Olivia Kumwenda-Mtambo; Editing by Andrew Heavens)
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South Africa’s rand weakens on reports Zuma survived exit push

Nqobile Dludla and Ed Cropley | JOHANNESBURG
South Africa&#8217;s ruling African National Congress dismissed a media report on Tuesday that President Jacob Zuma&#8217;s removal would be discussed at an ANC meeting this weekend as untrue.
Analysts also poured water on the likelihood of Zuma being ousted or stepping down before his term as ANC head ends in December. Zuma faces a no-confidence vote in parliament that analysts said is likely to fail due to the broad support and control he enjoys over the ruling party and the economy.
Opposition to Zuma inside the ANC and from opposition parties and civil society groups, however, has swelled since he axed respected finance minister Pravin Gordhan in late March, triggering credit downgrades to &#8220;junk&#8221; by two rating agencies.
On Tuesday, Bloomberg quoted two anonymous sources as saying the ANC would discuss the removal of Zuma at a meeting of top party leaders at the weekend, a report that firmed the rand by 1.5 percent against the dollar.
<blockquote>ANC spokesman Zizi Kodwa denied the report, saying it was &#8220;a complete fabrication and not true&#8221;.</blockquote>
A senior member of the ANC&#8217;s National Executive Committee (NEC) told Reuters he was unaware of any changes to the draft agenda of a major policy meeting at the end of June.
NKC African Economists analyst Gary van Staden said Zuma wielded enough control over the ANC to defeat the no-confidence vote in parliament as well as any internal party challenges.
<blockquote>&#8220;The cabinet reshuffle has demonstrated one clear problem. To characterise Zuma as a weakened president on his way out would be to underestimate the patronage networks he has around him and supporting him,&#8221; he said.</blockquote>
&#8220;We need to understand that the ANC would know exactly which lawmakers are likely to rebel and vote against the president and I&#8217;ve no doubt they are being persuaded otherwise.&#8221;
The firming currency highlighted the perception by investors that an early Zuma exit would be a positive for the economy, which is on the brink of a technical recession after contracting in the final quarter of 2016.
&#8220;There might be a very short-term positive impact especially in the markets. We would see the rand exchange rate appreciating a lot and bond yields declining,&#8221; said economist Elize Kruger.
A bid to remove Zuma by at least three cabinet ministers during a party meeting in November saw the currency gain nearly 4 percent in two days before retreating when Zuma prevailed.
(Reporting by Nqobile Dludla and Ed Cropley; Writing by Mfuneko Toyana; Editing by James Macharia/Mark Heinrich)

Zuma

#StateCaptureInquiry: Zuma fired me for refusing to approve Gupta deals – Nhlanhla Nene

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ANC orders Zuma to step down as South African president

South African President Zuma’s fate to be decided on Monday, says ANC head

South Africa’s ANC was preparing to fire Zuma this week, top official says

South Africa’s top court to rule on Zuma impeachment motion Friday

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Deadline looms for South Africa’s Zuma over revived graft charges

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South Africa’s Zuma says secret no-confidence vote in him “not fair”

Zuma says South Africa to leave recession “quicker than we believe”

South Africa’s Zuma calls for end to ANC infighting

South Africa’s rand weakens on reports Zuma survived exit push

South Africa’s ANC dismisses Zuma removal report as “fabrication”

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#StateCaptureInquiry: Zuma fired me for refusing to approve Gupta deals – Nhlanhla Nene

KPMG South Africa looks for new CEO to restore reputation after corruption scandal

Are top ANC officials plotting to unseat South Africa’s Ramaphosa as party leader?

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ANC orders Zuma to step down as South African president

South African President Zuma’s fate to be decided on Monday, says ANC head

South Africa’s ANC was preparing to fire Zuma this week, top official says

South Africa’s top court to rule on Zuma impeachment motion Friday

South African court orders Zuma to pay costs for challenging watchdog

Deadline looms for South Africa’s Zuma over revived graft charges

Mbhazima Shilowa on ANC succession battles

Mbete to announce decision on secret ballot

South Africa’s Zuma says secret no-confidence vote in him “not fair”

Zuma says South Africa to leave recession “quicker than we believe”

South Africa’s Zuma calls for end to ANC infighting

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South Africa’s ANC dismisses Zuma removal report as “fabrication”

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