South African President Jacob Zuma resigns

Agencies
February 15, 2018

Johannesburg, Feb 15: South African President Jacob Zuma resigned on Wednesday in a televised address to the nation, ending a turbulent tenure marred by corruption scandals that sapped the popularity of the ruling African National Congress and hurt one of Africa’s biggest economies.

The resignation signaled an imminent end to a leadership crisis in South Africaand set the stage for Mr. Zuma to be replaced by Deputy President Cyril Ramaphosa, who has promised a robust campaign against corruption but will quickly face pressure to produce results in a country struggling with unemployment, economic inequity and other problems. Ahead of 2019 elections, Mr. Ramaphosa also has the tough task of rebuilding a ruling party whose moral stature has diminished since it took power at the end of white minority rule in 1994.

“I have therefore come to the decision to resign as president of the republic with immediate effect,” said Mr. Zuma, who added that he took the decision even though he disagreed with the ruling party’s demand that he quit immediately or face a motion of no confidence in the parliament on Thursday. Mr. Zuma, 75, had said he was willing to resign early from his second five-year term but wanted to stay in office for several more months.

“Of course, I must accept that if my party and my compatriots wish that I be removed from office, they must exercise that right and do so in the manner prescribed by the constitution,” Mr. Zuma said.

The African National Congress welcomed the resignation, expressing gratitude for Mr. Zuma’s “loyal service” during his nearly 10 years as president and encouraging party members to support Mr. Ramaphosa, now the country’s acting president. By the end of the week, Ramaphosa is likely to be elected president by the ANC-dominated parliament and to give a state of the nation address that had been postponed during the political turmoil.

South Africa’s biggest opposition party, the Democratic Alliance, said the ruling party must act against associates of Zuma who are also suspected of wrongdoing and mismanagement.

“Zuma built a deep system of corruption that has penetrated every part of the government and the criminal prosecution system,” Democratic Alliance leader Mmusi Maimane said.

“Now the country looks to Cyril Ramaphosa to save us from a man that he and the ANC protected and supported. We must never allow this to happen again,” said Maimane, who wants parliament to be dissolved so that early elections can be held.

Mr. Ramaphosa, a union leader during apartheid, was a key negotiator of the transition from white minority rule to democracy in the 1990s and later became a wealthy businessman. He replaced Mr. Zuma as leader of the ANC in December and has been consolidating his control, while also raising his international profile with a visit last month to the World Economic Forum in Davos, Switzerland.

On Wednesday morning, South African police raided the home of prominent business associates of Mr. Zuma who are accused of being at the center of corruption scandals that have infuriated the country. An elite police unit entered the compound of the Gupta family, which has been accused of using its connections to the president to influence Cabinet appointments and win state contracts.

Several people were arrested during police operations, South African media reported.

Both Mr. Zuma and the Guptas deny any wrongdoing, though legal challenges are looming. As the Gupta-linked investigation proceeds, Mr. Zuma also could face corruption charges tied to an arms deal two decades ago. South Africa’s chief prosecutor is expected to make a decision on whether to prosecute Zuma on the old charges, which were reinstated last year after being thrown out in 2009.

In another scandal, South Africa’s top court ruled in 2016 that Zuma violated the constitution following an investigation of multi-million-dollar upgrades to his private home using state funds. He paid back some of the money.

Still, Mr. Zuma, a former anti-apartheid activist who spent a decade at the Robben Island prison where Nelson Mandela was held, was popular among some South Africans for his personal warmth and populist policies.

In 2006, while being tried on charges of raping an HIV-positive family friend, Mr. Zuma was widely criticized after testifying he took a shower after extramarital sex to lower the risk of AIDS. He was acquitted of rape. But during his tenure, he called for earlier and expanded treatment for HIV-positive South Africans that helped to curb the death rate and urged his countrymen to get tested for HIV.

The former president was defiant in a television interview earlier Wednesday, saying he had done nothing wrong despite the ANC’s demand for his resignation.

“I’m being victimized here,” Mr. Zuma told state broadcaster SABC. He complained that Ramaphosa and other ANC leaders had not given him clear reasons about why he should go.

“Why do you look serious? You can’t even say, ‘Good evening,’” a beaming Mr. Zuma said to weary journalists. “What’s happening ... you are tired. We are working, aren’t we?”

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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News Network
January 19,2020

Chennai, Jan 19: Amid ongoing nationwide protests against Citizenship (Amendment) Act, 2019, finance minister Nirmala Sitharaman on Sunday said that as many as 2838 people from Pakistan were given citizenship during the last six years.

"In the last six years, as many as 2838 Pakistani refugees, 914 Afghan refugees, 172 Bangladeshi refugees including Muslims have been given Indian citizenship. From 1964 to 2008, more than 4,00,000 Tamils (from Sri Lanka) have been given Indian citizenship," Sitharaman said at 'Programme on Citizenship (Amendment) Act, 2019' event here.

She added, "Till 2014, over 566 Muslims from Pakistan, Bangladesh and Afghanistan were given Indian citizenship. During 2016-18 under Modi government, around 1595 Pakistani migrants and 391 Afghanistani Muslims were given Indian citizenship."

The minister, further, said, "It was also during the same period in 2016, that Adnan Sami was given Indian citizenship, this is an example."    

Sitharaman added that people who came from East Pakistan have been settled at various camps in the country.

"They are still there and it's been 50-60 years now. If you visit these camps, your heart will cry. The situation is the same with Sri Lankan refugees who continue to live in camps. They're barred from getting basic facilities," she said.

Asserting that the government is not snatching away anyone's citizenship, the BJP leader said: "This Citizenship (Amendment) Act is an attempt to provide people with a better life. We are not snatching away anyone's citizenship, we are only providing them that."

"The National Population Register (NPR) will be updated every 10 years and is not involved with the National Register of Citizens (NRC). Some are involved in raising false allegations and triggering people unnecessarily without any base," she added.

Comments

indian
 - 
Monday, 20 Jan 2020

Hello Madam,

What Are you ?? Are you a Finance Minister or External Affairs Minister ??

when someone asked about the economy which well related to your ministry you won't even open your mouth, 

but now you are talking about a matter which is not at all your business...

WellWisher
 - 
Sunday, 19 Jan 2020

What a pefect  figure  given by our short time  finance minister. Hope  she wil feed them from her person income wthout ONION.

Fairman
 - 
Sunday, 19 Jan 2020

Stupid, dont know even what they talk.

 

 

It is not snatching anybody's nationality. You dont have right to do it.

 

 
The subject is not snatching,    the subject is disccimination while giving nationality.

 

 

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News Network
March 5,2020

Washington, Feb 5: Experts warned a US government panel last night that India's Muslims face risks of expulsion and persecution under the country’s new Citizenship Amendment Act (CAA) which has triggered major protests.

The hearing held inside Congress was called by the US Commission on International Freedom, which has been denounced by the Indian government as biased.

Ashutosh Varshney, a prominent scholar of sectarian violence in India, told the panel that the law championed by prime minister Narendra Modi's government amounted to a move to narrow the democracy's historically inclusive and secular definition of citizenship.

"The threat is serious, and the implications quite horrendous," said Varshney, a professor at Brown University.

"Something deeply injurious to the Muslim minority can happen once their citizenship rights are taken away," he said.

Varshney warned that the law could ultimately lead to expulsion or detention -- but, even if not, contributes to marginalization.

"It creates an enabling atmosphere for violence once you say that a particular community is not fully Indian or its Indianness in grave doubt," he said.

India's parliament in December passed a law that fast-tracks citizenship for persecuted non-Muslim minorities from neighboring countries.

Responding to criticism at the time from the US commission, which advises but does not set policy, India's External Affairs Ministry said the law does not strip anyone's citizenship and "should be welcomed, not criticized, by those who are genuinely committed to religious freedom."

Fears are particularly acute in Assam, where a citizens' register finalized last year left 1.9 million people, many of them Muslims, facing possible statelessness.

Aman Wadud, a human rights lawyer from Assam who traveled to Washington for the hearing, said that many Indians lacked birth certificates or other documentation to prove citizenship and were only seeking "a dignified life."

The hearing did not exclusively focus on India, with commissioners and witnesses voicing grave concern over Myanmar's refusal to grant citizenship to the Rohingya, the mostly Muslim minority that has faced widespread violence.

Gayle Manchin, the vice chair of the commission, also voiced concern over Bahrain's stripping of citizenship from activists of the Shiite majority as well as a new digital ID system in Kenya that she said risks excluding minorities.

More than 40 people were killed last week in New Delhi in sectarian violence sparked by the citizenship law.

India on Tuesday lodged another protest after the UN human rights chief, Michele Bachelet, sought to join a lawsuit in India that challenges the citizenship law's constitutionality.

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