Trade union federation, Congress of South African Trade Unions (Cosatu) says the delay in the announcement of the resignation of President Jacob Zuma will have dire consequences for investor confidence.

This is as the African National Congress (ANC)’s top brass prepare to engage in another round of talks aimed at clinching a deal which will pave the way for Zuma’s voluntary resignation.

ANC president Cyril Ramaphosa is to lead the governing party’s delegation to meet with Zuma at his official residence of Mahlamba Ndlopfu to finalise terms of the President’s exit package.

Cosatu General-Secretary, Bheki Ntshalintshali says any further delay in the recall of Zuma will have a major negative impact on the economy.

“When the economy does not like is to be put in suspense and not knowing whether to invest. We need to be moving forward and the best thing that President Zuma can do is to be able to announce his resignation. His meeting with Ramaphosa should indicate that he has accepted his recall and that will go a big way,” says Ntshalintshali.

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