Zuma to set up commission to probe influence-peddling

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Zuma had challenged the right of the Public Protector to call for a judicial inquiry and the appointment by the chief justice of a judge to head it, saying it was the president's prerogative whether to set up such an inquiry.

Zuma's detractors say that his continued tenure as state president will severely hamper the ANC's efforts to decisively win the 2019 elections.

The political turmoil over the numerous corruption allegations has hurt South Africa's economy, which briefly dipped into recession past year.

In partnership with Nedbank, one of South Africa's largest banks, companies controlled by or connected to the Gupta family extracted more than 1 billion rand (US$ 67.2 million) from Transnet, a state-owned company charged with constructing rail, port, and other transportation infrastructure, the OCCRP reported in November following a massive data leak now available to journalists worldwide.

She added that the DA would continue to pursue every possible avenue to hold Zuma accountable for the 783 counts of corruption against him as well as his role in state capture.

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Chief Justice Mogoeng has chosen his deputy, Ray Zondo, to head the inquiry, Mr Zuma said. Cyril Ramaphosa can't be saddled with a party riddled with the question of Jacob Zuma so soon after coming in with a fairly narrow majority and sitting with a top six that is fairly split down the middle and an NEC that's also fairly split down the middle.

The rand had a brief spike on Tuesday as false reports of Zuma's impending resignation - combined with headlines around the Zuma payload in the SpaceX launch going missing, confusing issues - gave the market some hope that the president would be out.

The sources all agreed that it was now a matter of when, and not if, Zuma stepped down.

Magashule said the president and the president of the ANC are "meeting and engaging".

"I don't expect a dramatic shift this early in the year". However, Zuma appealed two days after the conference.

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