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).

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

WEB_PHOTO_ZUMA_CONCOURT_RECORDED_2912.jpg

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

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.