What foreign WEF 2018 delegates wanted to know about SA

(DAVOS) What happens to South Africa’s President Jacob Zuma now? That was the question on the lips of many foreign investors as they heard the South African delegation make their case at the World Economic Forum in Davos, Switzerland.

President Zuma’s chances of completing the approximately 18 months left in his second term as leader of South Africa have been in question ever since that December day when Cyril Ramaphosa succeeded him as president of the ruling African National Congress. This makes Ramaphosa a shoe-in for president should the ANC win the 2019 South African elections.

FOR MORE STORIES ON WEF DAVOS 2018 CLICK HERE

According to senior sources in the ruling African National Congress, in Davos, for WEF there is a good chance President Zuma could resign by February 7 the last day of the Mining Indaba in Cape Town leaving Ramaphosa free to give the State of the Nation address in Parliament on February 8 where he can take national policy by the scruff of the neck.

“The alternative is an impeachment motion in Parliament and that could mean the president could lose all his benefits and pension. We are hoping common sense will prevail,” says one source in Davos.

 

Partner Content

Disruptive digital solutions is rewiring the DNA of Banking

By Kennedy Mubita, Africa Head, SC Ventures. Imagine a bank whose customers can tap on a wearable device to...

The future of banking; digitization and collaboration as growth accelerants

By Kariuki Ngari, CEO & Managing Director, Standard Chartered, Kenya & East Africa COVID-19 has upended the social and...

Star Quality Speaker Line-Up at Africa Tech Festival 2020

Acknowledged as the world’s largest Africa-focused digital infrastructure and emerging tech event, the Africa Tech Festival has always attracted a stellar line-up of critical thinkers, analysts, futurists, keynote and inspirational speakers. 2020 will more than deliver on that reputation, with a stimulating array of visionary industry presenters, raconteurs and even some sporting greats.

Newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox