Brexit and Zuma

Home » BREXIT: Rand Plummets, Cameron Resigns but No Zuxit for Zuma

BREXIT: Rand Plummets, Cameron Resigns but No Zuxit for Zuma

UK Prime Minister David Cameron has announced – in an emotional speech outside his Downing Street residence – that he will step down in October, following Britain’s vote to leave the European Union (EU). See video below. The Leave campaign won 52 percent of the vote, sending shock waves around the world and causing currencies […]

By SAPeople
24-06-16 11:17
in News
Brexit and Zuma

UK Prime Minister David Cameron has announced – in an emotional speech outside his Downing Street residence – that he will step down in October, following Britain’s vote to leave the European Union (EU). See video below.

Brexit and Zuma

The Leave campaign won 52 percent of the vote, sending shock waves around the world and causing currencies to plummet – including South Africa’s Rand which fell more than on the day President Zuma fired finance minister Nhlanhla Nene. At that time, the Rand fell by 5 percent. Last night it dropped 7.8 percent.

By 8.30am Friday, the Rand was 6.77 percent down at R15.57 to the dollar, and up 1.52 percent against the pound at R21.23.

Meanwhile, in other news, the bid by the South African president’s lawyers and the National Prosecuting Authority (NPA) to appeal the #SpyTapes ruling that Jacob Zuma face corruption charges has been dismissed with costs, causing some on Twitter to coin the phrase “No #Zuxit for Zuma”. The High Court in Pretoria announced this morning it has dismissed his leave to appeal.

Shortly afterwards opposition party, the Democratic Alliance (DA), tweeted: “The prosecution against President Zuma must proceed & he must have his day in court as he has always claimed he wanted.”

Some in the media have pointed out that the two stories – Cameron resigning and Zuma refusing to do so – despite calls for his resignation amidst allegations of corruption – highlight the difference between a leader who holds himself accountable and respects the political order of his country and one who does not.

Former cricketer Herschelle Gibbs’ tweet reflects that of many trending on Twitter at the moment: “Plenty lessons for Zuma in how David Cameron dealt with defeat. Listen to the people!”

Watch Video: David Cameron resigns as Prime Minister of the UK

https://twitter.com/LaloDagach/status/746244910332862465

Cameron resigns

A brief version for those who cannot view the video above:

On Twitter…

https://twitter.com/SiphileHlwatika/status/746256870218792960