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Zuma lists conditions for stepping down as president: report

This is one of the key conditions that Zuma has put down during behind-the-scenes negotiations now taking place with newly elected ANC President Cyril Ramaphosa, in exchange for his resignation, according to a Mail & Guardian report. City Press reported that Ramaphosa's backers were planning for him to take over the reins in the next few weeks and have him deliver the state of the nation address in February.

He favours Human Settlements Minister Lindiwe Sisulu or National Assembly Speaker Baleka Mbete.

Zuma also wants key members within his cabinet to stay in power and become part of the next government, to be led by newly elected ANC President Cyril Ramaphosa, according to the report. This includes Energy Minister David Mahlobo and State Security Minister Bongani Bongo.

This is according to the Mail & Guardian‚ quoting ANC insiders.

"At the moment, it's a stalemate".

A number of ANC national executive committee members (NEC) who spoke to the Mail and Guardian, confirmed the behind-the-scenes negotiations with Zuma, and said they were aware of some of his conditions - but said that Zuma was asking too much of Ramaphosa.

Earlier this week the rand strengthened, touching its highest level in two sessions, after rumours that Zuma would step down.

Ramaphosa is expected to use the speech to restore public confidence in a party that has a dented reputation‚ following corruption allegations over the past 10 years during President Jacob Zuma's rule.

At the meeting, ANC members said they did not discuss any action to have Zuma step down.

Piotr Matys, emerging market strategist at Rabobank, warned that ousting Zuma could also cause trouble for the South African currency, saying that: "The governing ANC could be engulfed in political bickering between Zuma's camp and members of the party who voted for Ramaphosa".

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