The youth wing of the ruling African National Congress (ANCYL) says South Africans need to apologize to President Jacob Zuma for all the insults they’ve rained on him, particularly because of his recent cabinet reshuffle.
Speaking in an interview with News24, ANCYL secretary general Njabulo Nzuza has said those who repeatedly called for Zuma to resign should apologize to him especially as the rand which was feared to crash in the international market has now stabilized.
“I think we honestly owe President Zuma an apology. He was insulted in the streets of Pretoria,” Nzuza said, referring to the nationwide protests on April 7 and 12. Nzuza urged those criticizing Zuma to go ask for his forgiveness.
ANCYL’s Nzuza believes that the renewed calls for Zuma to step down were sparked by fears about what impact the cabinet reshuffle will have on the nation’s economy and the currency in the international market especially as the reshuffle saw the removal of South Africa’s well-respected and trusted finance Minister Pravin Gordhan removed from the treasury.
“The rand has shown strength. Zuma did not collapse the market, what then today is the argument for Zuma to step down?”
“People were saying this man [Zuma] is collapsing our economy on the basis that the rand will tumble, it will go down, investor confidence will go down, people will get poorer, we are turning into Zimbabwe; things are going to get very bad. A couple of weeks later there is financial stability in the country, financial markets are stable,” he said.
Nzuza, however, dismissed reports that some members of the ANC are calling for a special national executive committee meeting to discuss the Cabinet reshuffle and how it was handled.
“A previous extended national working committee meeting had expressed its approval for the reshuffle, [and] no other structure has said otherwise, so why do people want to establish themselves as individuals of the organization?” he asked.
A report from Reuters poll has it that the rand will be relatively stable against the dollar for the rest of 2017 as the impact of Gordhan’s shock dismissal and a credit rating cut to ‘junk’ is already priced in.
The rand ZAR=D3 is expected to weaken from a current 13.7375 per dollar to 14.00 in 12 months’ time, 8 cents firmer than last month’s median. In six months, the rand is expected to firm to 13.5 per dollar the pool found.
It, however, pointed out that the rand has nevertheless been more resilient than in 2015 when Zuma sacked then-finance minister Nhlanhla Nene in 2015 and replaced him with a relatively unknown minister- Malusi Gigaba.
Nevertheless, the Economic Freedom Fighters vowed never to back down on their fight for Zuma to step down and be jailed and for the Guptas to leave South Africa.
Save SA coordinator, Mkhuseli Jack, echo this in his recent statement to the media when he said the organization will use Freedom Day to speak up on matters holding the country to ransom.
He said SaveSA vows to keep protesting until Zuma is gone and the country rebuilt to the South Africa we all dream of, Thus, he said they would use the opportunity to protect South Africans against more state capture in a rally at Dan Qeqe Stadium in Zwide, Port Elizabeth.
“We encourage other organizations to show their rejection of the state capture by taking to the streets on freedom day and beyond,” said Jack, adding that the Save SA convenor Sipho Pityana would address the rally together with retired Constitutional Court judge Zak Yacoob and Anglican Bishop Nceba Nopece.