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South African stocks surge after Zuma steps down

South African President Jacob Zuma addressed the nation on February 14, 2018, saying that he resigns 'with immediate effect'. / AFP PHOTO /

South Africa’s main stock index jumped more than three per cent in mid-morning deals yesterday.

This followed Jacob Zuma's resignation as president late on Wednesday, bringing an end to his nine scandal-plagued years in power during which growth stagnated.

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