S. Africa's ruling party dismisses reports that Zuma will resign on Saturday

President Jacob Zuma leaves Tuynhuys the office of the Presidency at Parliament in Cape Town South Africa

"Just relax", Derek Hanekom, an ANC lawmaker, former tourism minister and one of Zuma's most outspoken critics, said on Twitter.

As pressure grows inside and outside the ANC for Zuma to resign, the president and his deputy have been meeting to discuss a transition of power that Ramaphosa has indicated should not humiliate Zuma or further divide the country of 55 million people.

It is not a stretch to say that the heart of these negotiations centre around granting Zuma immunity.

"Caucus doesn't take a decision who becomes president of the republic. He can't tell us what to do", he said.

This week saw the postponement of the state of the nation address which was scheduled to take place on Thursday.

"We thought that we needed to create room for establishing a much more conducive political atmosphere in parliament", Mbete added, saying a new date would be announced shortly. The president of South Africa faces a vote of no confidence on the 22 February, a motion led by the opposition party the Economic Freedom Fighters.

The rand, which has tended to strengthen on signs that Zuma could step down before his second term as president ends next year, was firmer on Tuesday.

This followed a caucus meeting held by the party in Parliament.

South Africa's sovereign dollar bonds fell across the curve on Thursday with the 2041 issue down 1.7 cents to trade at a near two-month low as the political deadlock over President Jacob Zuma's future continued.

ANC secretary-general Ace Magashule after his interview with journalists over the fate of President Jacob Zuma at parliament, Cape Town.

In the 12-minute recording, Mashatile began talking at length about the ANC election conference in December and how allegations of corruption had clouded the talk around the conference, but that it was "the past" and things were fine.

The presidency's office tweeted a photo of Zuma and Ramaphosa laughing together at a Cabinet meeting, in an apparent effort to project an image of close collaboration between the two leaders.

Bongani Ngqulunga said a full cabinet meeting was scheduled for February 14, dismissing speculation in domestic media the embattled president had called a meeting to discuss his future with his cabinet colleagues. We've had our meetings as cabinet.

The influential Nelson Mandela Foundation said in a statement "time is of the essence - Zuma must go".

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