South African Zuma to set up anti-graft probe

South African Zuma to set up anti-graft probe

Meanwhile, President Jacob Zuma will lead a South African delegation to the thirtieth edition of the African Union (AU) Summit, in Addis Ababa, in Ethiopia from January 22 to 29.

The political turmoil over the numerous corruption allegations has hurt South Africa's economy, which briefly dipped into recession a year ago. It is suspected that kickbacks amounting to US$ 411 million were paid in exchange for state contracts. Numerous South African companies have a presence in Kenya. "But this one is specifically about the Gupta family, the president and his son".

President Jacob Zuma has wished the delegation well in the annual meeting which provides an important platform to market and showcase the country to global business and other key worldwide stakeholders. Deputy chief justice Raymond Zondo, selected by the chief justice will head the commission, Zuma said in the statement.

The Head of State is expected to travel to South Africa on Thursday, where he will hold bilateral talks with counterpart Jacob Zuma.

"There should be no area of corruption and culprit that should be spared the extent of this commission of inquiry", he added.

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Magashule said the president and the president of the ANC are "meeting and engaging".

"I am also mindful of the concerns raised by the public protector in her report, wherein she lamented the lack of resources to conduct a wider inquiry into this matter", said Zuma.

"I don't expect a dramatic shift this early in the year. But better late than never", Madonsela said.

The rand had a brief spike on Tuesday as false reports of Zuma's impending resignation - combined with headlines around the Zuma payload in the SpaceX launch going missing, confusing issues - gave the market some hope that the president would be out.

The ANC's elective conference in Johannesburg last month ruled the inquiry should be expedited. Now, however, he has been forced into offering it his full support.

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