Fitch downgrades South Africa's credit rating to "junk" status

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This caused many people - black and white - to come out onto the streets in their tens of thousands, including many from his party the ANC, calling for Mr Zuma's resignation.

"We will never see the radical economic transformation while Zuma is still the President because he only serves his needs and those, who are in favour of him", Filtane said. Speaking about requests for Zuma to step down, Xasa said that "the ANC remains the organisation for the people and we look forward to seeing more women participate in the economy through programmes introduced by the president".

Thousands of people have joined rallies in South Africa demanding the resignation of President Zuma after his sacking of a popular minister stoked simmering anger over government corruption and a struggling economy.

DA leader Mmusi Maimane has declared that president Jacob Zuma was a junk president.

He warned protestors that Zuma "is going to resist with everything" and said the event on Friday should only be the beginning of the campaign to get rid of Zuma.

Zuma's cabinet overhaul announced last week threatens to split the ANC party, which has been in power since the end of apartheid in 1994.

The move by Zuma has caused the South African economy to be given a "junk" rating by two of the worldwide financial ratings agencies widely seen as a move to allow a controversial nuclear deal with Russian Federation to go through, as well as allowing the Gupta family to buy a bank in the country, neither of which Gordhan would allow as Minister of Finance.

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Zuma has welcomed one of the marches, by the civil society group Save South Africa (SaveSA) that was planned for outside the Union Buildings, the site of Zuma's offices in the capital, Pretoria, saying it was the group's legal right to do so.

ANC members in military uniforms who oppose the protest were posted outside. Fitch's downgrade to BB+ from BB- on both foreign and local currency debt follows that of S&P Global Ratings which also cut South African foreign debt to "junk" status.

And Zuma supporters also gathered.

In the statement, they touch on the axing of former Finance Minister Nhlanhla Nene - who they believe was removed because of differing views regarding the country's expensive nuclear programme. Last year, the nation's graft ombudsman implied that Zuma allowed the Guptas to influence Cabinet appointments and the issuing of state contracts.

Parliament will vote on a motion of no confidence in the president on April 18, though he has easily survived previous such votes against him.

South Africa's President Jacob Zuma, infamously removed Pravin Gordhan as Finance Minister, sending the rand off the cliff, along with the country's credit rating.

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