South African President Jacob Zuma Quits

President Jacob Zuma resigned after pressure from the ANC due to scandals. Parliament was prepared to oust him if he didn't resign. His resignation impacts South Africa's economy, with changes in asset values and credit default swaps. Future developments include a Moody's rating decision, potential economic outflows, and the selection of an interim president before the 2019 election. The Finance Minister faces challenges in the upcoming budget to restore confidence.

What were the main reasons for President Jacob Zuma's resignation?

What were some of the challenges Zuma faced during his presidency?

How did the Parliament react to Zuma's potential resignation?

What are the implications of Zuma's resignation for South Africa's economy?

What steps need to be taken following Zuma's resignation regarding the next president?