Remove Zuma immediately, says OUTA after S&P downgrade

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Cape Town – The ANC should take every step possible to ensure President Jacob Zuma is stripped of his role as leader of the country, said OUTA (Organisation Undoing Tax Abuse) in a statement, following S&P Global Ratings decision late on Monday to cut South Africa’s sovereign credit rating to junk status.

S&P said in a statement the economic crises that is expected to follow Zuma’s overnight cabinet reshuffle on March 31 was too serious to wait until June 2 for the next scheduled review of South Africa’s sovereign rating. 

It added that the reshuffle posed a risk to fiscal policy.

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