Cape Town – South African President Jacob Zuma has once again emerged victorious after narrowly surviving a motion of no confidence in Parliament.
The motion initiated by the Democratic Alliance saw 198 out of of 384 Members of Parliament voting for Jacob Zuma to stay while 177 voted for him to step down.
Nine MPs abstained after votes were counted in full view of the chamber.
Zuma’s opponents needed 201 votes out of 400 for the motion to succeed.
The outcome of the vote weighed on the markets, with the rand slumping as much as 1% against the dollar after the vote outcome was announced. The currency was at 13.3656 per dollar at 6:44 pm in Johannesburg.