South African Zuma to set up anti-graft probe

South Africa's rand retreats with fundamentals back in focus

UPDATE 1-South Africa's rand gains on Zuma exit rumours; stocks flat

At 1pm the rand was 1.4% weaker at R12.5075 to the dollar, slightly better than the slide to its weakest level since December26.

"The only item on the agenda is the January 8 statement‚" said Magashule‚ adding that the agenda of the meeting was adopted as such and would not change.

Ramaphosa also confirmed that he met President Jacob Zuma on Sunday at Dube House in Durban and held talks with him, but did not reveal anything about their discussions. "That said, if bold steps are taken, they may come at a price for the party, precisely because of the 2019 elections".

The ANC's public support has declined under Zuma's leadership as voters have become increasingly disillusioned with a raft of corruption scandals, weak economic growth and an unemployment rate that has risen to almost 28 percent.

What happens when fevered foreign-exchange speculation meets fake news at the same time a satellite that shares the name of South Africa's president goes missing?

It also brought tens of thousands of anti-Zuma protesters onto the streets in nationwide marches.

Aadhaar adds new security layer with 16-digit 'Virtual ID'
But how the classification would be done remains a grey area, and clearly there would be overlaps, breaches in these interfaces. So, people do not need to share the actual 12-digit biometric ID if they are really anxious about the privacy of their data.

"It's really hard to call, it needs to close above (R) 12.52 to get out of these ranges, but a test of around (R) 12.20 can not be totally discounted", Bryson said.

Deputy President Cyril Ramaphosa, 65, who styled himself as a reform candidate, last month narrowly won the leadership of the ANC over Zuma's ex-wife and is the country's likely next president.

However, Bloomberg reported on Wednesday that Zuma had in fact made a deal with ANC leaders to stay in power, at least for the time being, citing three officials.

"Ramaphosa has to chart a very careful course so he can win broad ANC support and negotiate a dignified exit for Zuma", independent political analyst Daniel Silke said. He had earlier been seen jogging on the city's waterfront.

The ANC's NEC, which was elected at the party conference in December, is meeting in the quiet coastal town of East London.

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