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

South Africa's deputy president poised to replace Zuma, anticipates 'speedy solution'


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South African President Jacob Zuma's exit from power because of scandals appeared to be getting closer on Wednesday as his deputy, who is expected to replace him, said he anticipated a "speedy resolution" to transition talks he is holding with the president.

Deputy President Cyril Ramaphosa acknowledged "a lot of speculation and anxiety" about the status of the president. But Mr Ramaphosa said he and Mr Zuma, beset by corruption allegations, would finish their discussions and report in the coming days to the ruling African National Congress (ANC) party and the population of one of Africa's biggest economies.

"This is a challenging time for our country," Mr Ramaphosa said in a statement. "Both President Zuma and myself are aware that our people want and deserve closure. The constructive process we have embarked on offers the greatest opportunity to conclude this matter without discord or division."

The announcement followed several disputed reports that reflected a growing mood of uncertainty over the protracted wait for a resolution to the country's leadership crisis.

Mr Zuma's office described a social media report claiming that Russian President Vladimir Putin was going to visit the country this week as "fake" news. It also denied allegations by opponents that he was preparing to fire Mr Ramaphosa.

The speaker of parliament has said that Mr Zuma, who is under intense pressure to resign, will not give the state of the nation address in parliament that had been set for Thursday and the ruling ANC announced the postponement of a meeting on Wednesday to discuss the president's fate. Mr Ramaphosa said the meeting was delayed to allow for a conclusion to his talks with president Zuma.

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Read more:

South Africa's Zuma appears on brink of resignation

As Zuma insists on giving final speech, clouds roll in over South Africa

ANC members meet with Mr Zuma to discuss leadership crisis 

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More information about Mr Zuma's status as president will be available once "all pertinent matters" have been finalized, said Mr Ramaphosa, who took over from his boss as party leader in December and has since delivered strong anti-corruption messages.

Many former supporters who have turned against Mr Zuma have worried that he is digging in or at least trying to make a deal, possibly including immunity from prosecution, in exchange for his resignation.

The presidency's office tweeted a photo of Mr Zuma and Mr Ramaphosa laughing together at a Cabinet meeting, in an apparent effort to project an image of close collaboration between the two leaders. It also continued to announce Mr Zuma's upcoming official schedule, saying the president would preside on Saturday over an awards ceremony in Cape Town for South Africans who have promoted the country's international image.

South African opposition parties said the country is in "limbo" as the ruling party struggles to resolve its internal conflict over Mr Zuma, and that there are now two centers of power in the ANC and the government. Opposition leaders will meet on Monday to discuss a scheduled motion of no confidence in Zuma on February 22 as well as parliament's mandate to elect a new president in the event that Mr Zuma is removed, the parties said.

Mr Zuma's second five-year term is scheduled to end with elections in 2019, but many ruling party members want Mr Ramaphosa to take over as soon as possible so that the party can try to recover the trust of voters alienated by the president's scandals.

The ANC was the main anti-apartheid movement for decades and has led South Africa since the end of white minority rule in 1994, but its moral stature has diminished because of Mr Zuma and wider problems of corruption and mismanagement.

Safety 'top priority' for rival hyperloop company

The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.

He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.

“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.

“Only once the system has been certified and approved will it move people,” he said.

HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon. 

With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE