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 was the main reason the ANC demanded Jacob Zuma's resignation?

• International pressure

• Economic downturn

• Scandals and bribery allegations

• Health issues

How many motions to remove Jacob Zuma did he survive during his tenure?

• Twelve

• Eight

• Five

• Ten

What was one of the financial impacts mentioned following Zuma's resignation?

• Increase in unemployment

• Decrease in foreign investments

• Rise in inflation

• Fall in credit default swaps

What significant decision is Moody's expected to make regarding South Africa?

• Approval of a financial bailout

• Change in credit rating

• Increase in interest rates

• Introduction of new currency

Who is expected to take over as interim president until the next election?

• Cyril Ramaphosa

• Nkosazana Dlamini-Zuma

• Julius Malema

• Mmusi Maimane