15 Feb 2018 16:50pm
WINDHOEK, 15 FEB (NAMPA) The resignation of South African President Jacob Zuma does not negatively impact the Southern African Development Communitys (SADC) economy and politics says international relations expert, Charles Mubita.
Mubita told Nampa here on Thursday the resignation of Zuma following that of Robert Mugabe means two things for SADC.
Some would say its democracy in motion while others would say it is a failure of a smooth transition of power, especially taking into consideration the leadership of both the government and political parties, he said.
Mubita said the resignations were rushed into and this does not create a healthy democracy in the region.
He further added that the market has welcomed Zumas resignation and has positively reacted, thereby affecting Namibia.
The business community wanted him to go because of all those allegations of corruption and maladministration levelled against him, thus it will not have an impact on the economy, he said.
Mubita further said this is the time the South African economy will positively perform as the political landscape changes.
It is high time that the markets respond positively because they were living under political uncertainty which has crippled South Africas economy to an extent.
However, he said the waiting period before electing a new president might cause unrest, especially from Zuma supporters if they happen to react.
If Zumas supporters decide to react negatively to the news during the waiting period when SA has no president, this might eventually cause the South African economy and subsequently Namibias as well to get into turmoil, he stressed.
Zumas resignation on Wednesday night followed weeks of intense pressure to step down from the public and his own party, the African National Congress amid long-standing corruption allegations.
South African lawmakers on Thursday selected Cyril Ramaphosa as South Africas new president.