Former South African President Jacob Zuma’s disciplinary hearing with the African National Congress was postponed Wednesday for more arguments, as he faces expulsion for campaigning against the organization he once led as head of a new political party in national elections in May.
https://apnews.com/article/south-africa-zuma-president-anc-f709755e44ed1b9713eb06a19c2c9760, July 17, 2024.
If Jacob Zuma is expelled from the ANC during 2024, this resolves to YES.
If a recommendation to expel is made, this will only resolve if/when it is adopted.
This is independent of whether he leaves the party if, hypothetically, he quits before/after/simultaneous to an expulsion.
If JZ were to quit, die, etc. & the ANC does not expel him, this resolves to NO.
Note: I will not take a position on this market.
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1.00This is a video of the official announcement:
https://www.sowetanlive.co.za/news/south-africa/2024-07-29-watch-anc-briefing-on-jacob-zumas-disciplinary-hearing-outcome/
At around ~11 minutes, ANC secretary-general, Fikile Mbalula, reads the outcome:
The charged member is expelled from the ANC.
Note: There is avenue for Jacob Zuma to appeal, but this market resolves because the outcome was expulsion & the ANC has officially adopted it.
Former president Jacob Zuma could be expelled and have his ANC membership of more than 64 years terminated by the end of this week.
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A leaked draft NDC findings document details the disciplinary hearing proceedings and how the committee reached the decision to axe Zuma.
The NDC is expected to hold another meeting in the coming days to decide on Zuma’s fate.
Should he be expelled from the ANC or sanctioned following the hearing, he will have up to 14 days to contest the findings with the party’s National Disciplinary Committee of Appeal.