ANC executive to meet as pressure mounts on Jacob Zuma to resign

South Africa: Nelson Mandela Foundation Remembers Madiba's Release

At 0631 GMT, the rand traded at 11.9300 per dollar, 0.58 percent firmer than Friday's close of 12.0000.

Mr Zuma, South Africa's most controversial president since the end of white-minority rule in 1994, has been in a weakened position since he was replaced as ANC leader by Deputy President Ramaphosa in December.

"The ANC does not have the power to waive Zuma's future legal fees as that will affect the tax payers of the country and the party can certainly also not grant him indemnity from being prosecuted as that is the responsibility of the National Prosecuting Authority".

Ramaphosa said the ANC was determined to rebuild the confidence of the people, and to restore the credibility of those elected to serve.

Ramaphosa said the ANC's top executives will meet Monday to finalize discussions on Zuma's resignation.

The party of Nelson Mandela was marking the 28th anniversary of the day the late leader walked free from prison in the city of Cape Town.

The ANC is expected to hold a special party conference in Pretoria on Monday amid mounting pressure for Zuma to step down following numerous corruption scandals that have sparked widespread public anger. "The issue we are seeking is that you, our people, must be put first, and not the interests of others".

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"Nelson Mandela represented the best version of ourselves as South Africans", SARB governor Lesetja Kganyago said. "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.

Zuma denies wrongdoing, but he has been discredited by scandals, including multimillion-dollar upgrades to his private home that were paid by the state, alleged looting of state enterprises by his associates, and the possible reinstatement of corruption charges tied to an arms deal two decades ago.

To carry out Mandela's legacy, the ANC must fight corruption, Ramaphosa said.

That Zuma take Ramaphosa on a tour to Africa and the world to introduce him to leaders, because he is not known.

"The centenary of the birth of Nelson Mandela gives us a great opportunity for renewal and rebuilding".

Zuma has not spoken publicly since being asked to resign by senior ANC officials on February 4.

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