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South Africa’s Cosatu says Zuma must step down after reshuffle, downgrade

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South Africa’s largest trade union and ally to the ruling African National Congress (ANC) Cosatu said on Tuesday that President Jacob Zuma must step down after his change of finance ministers, a move that has caused the rand to slide in value against the dollar and prompted the country’s credit rating to be downgraded to “junk” status.

The trade union said it no longer believed in Zuma’s ability to lead the party and the country, and that it would call for the alliance with the ANC to restructured, Reuters reports

Speaking at a media briefing, Secretary General Bheki Ntshalintshali said “The time has arrived for him to step down and allow the country to be led by a new collective….We shall be communicating the decision to our ally in the ANC

 

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