Zuma’s days are numbered: analyst

David Shapiro, deputy chairman at Sasfin Securities, has said that President Jacob Zuma’s agreement to pay back some of the money spent on his private Nkandla residence is a reflection of his loss of power.

Last week Zuma said he is prepared to pay an amount determined by the auditor general and the finance minister for upgrades to non-security features at his home in Nkandla.

Opposition parties the Economic Freedom Fighters and Democratic Alliance said they will not suspend their legal action over Nkandla because of the decision by Zuma.

Shapiro said on Business Day TV that Zuma’s perceived turnaround regarding Nkandla shows a loss of power and following, and that “his days are numbered”.

“It is going to be a fight, but from what we are learning in the media it is only a matter of time [before Zuma is no longer president],” said Shapiro.

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