Zuma survives

  • 384 total votes
  • 177 vote 'yes' (ie against him)
  • 198 vote 'no' (ie for him)
  • 9 abstentions

That's not a good sign for Zuma despite the win. His party has 249 votes, so 51 members of his own party voted against him, abstained or didn't cast a vote.

USD/ZAR rallied on the result -- the market doesn't like Zuma. The dip yesterday came when the vote was called and market participants believed he could be turfed.