VIDEO AND BLOG: President Zuma addresses the nation and resigns

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The Constitutional Court will hand down judgment in President Jacob Zuma's impeachment case brought by the Economic Freedom Fighters (EFF).

 

  • Editor&39;s note: This live event has ended. You may watch a recording above.

JOHANNESBURG - President Jacob Zuma addressed the nation after 22:00 on Wednesday night and resigned with immediate effect. 

While Zuma has thus far dug in his heels, saying he does not see why he should resign now, eNCA took a look at the financial implications of the different exit options presenting themselves to Zuma at the moment. 

VIDEO HIGHLIGHTS: Zuma says he won&39;t step down now

On Wednesday, the Speaker of National Assembly, Baleka Mbete said after consultations with political parties, they agreed on a sitting on Thursday where a vote of no confidence in Zuma will take place. 

Following the meeting of all political parties represented in Parliament, the country can expect the following:

  • Thursday: Motion of no confidence in President Jacob Zuma, supported by all parties in Parliament.
  • Friday: Swearing in of new President and SONA
  • Monday: Debate on SONA
  • Tuesday: Response to the debate on SONA
  • Wednesday: Budget speech

The President earns just shy of R3 million a year.

The President has a number of benefits guaranteed to him as head of state. 


 

If the President is impeached, he loses all his benefits.

If he is voted out in a motion of no confidence, he retains his benefits but can be prosecuted criminally. 

The same applies if he resigns.