In light of recent developments in South Africa, we thought it would be important to update you with the latest news on the current happenings in South Africa’s political arena.
What Happened?
On Tuesday, April 10th, President Jacob Zuma announced his resignation from office. This comes after weeks of speculation about what would happen to him following a motion by the ANC party to have him impeached. Zuma’s decision to step down marked an end to his tumultuous nine-year tenure as president. The decision was made at a meeting with ANC officials who wanted Zuma out because they believed he had damaged the ANC and its reputation.
Who’s Involved?
South Africa is one of the most popular tourist destinations in the world. The country is home to some of the best game reserves and provides countless opportunities for adventure. Recently, however, it has been rocked by a number of startling revelations that have left many people wondering what’s going on in South African today.
The Aftermath
There is a growing sense of unease in the country following President Jacob Zuma’s firing of Finance Minister Nhlanhla Nene, who was replaced by Zuma appointee David Van Rooyen. The rand has lost 9% against the dollar since Nene’s dismissal and there have been large protests outside government buildings.
What Happens Next?
The President of South Africa, Cyril Ramaphosa, has been sworn in and intends to reform state-owned companies. One such company is Eskom, which provides electricity to the country. In his inauguration speech, Ramaphosa vowed to make Eskom profitable again by increasing tariffs and cutting costs. He also plans to sell off some of Eskom’s power plants and get a third party operator for its coal mines.
