Rand Tumbles After South African President Zuma Survives “No Confidence” Vote

Jon Politics

Update: South African president Jacob Zuma speaks after his victory fending off the no-confidence vote: “It’s difficult to defeat The ANC.”
As we detailed earlier, national assembly speaker (and purported replacement) Baleka Mbete’s secret no-confidence vote has failed to oust South African President Zuma.
Speaker of Parliament Baleka Mbete shocked South Africans Monday when she announced her decision to allow the vote to proceed on a secret ballot, which would allow party members to vote against their leader outside the public spotlight.
“I understand and accept that a motion of no confidence in the president is a very important matter, a potent tool toward holding the president to account,” she said at a press briefing Monday in Cape Town. She did not take questions from reporters.

This post was published at Zero Hedge on Aug 8, 2017.