South Africa's Ramaphosa Says He Won't Resign

Summary

South African President Cyril Ramaphosa says he will not resign following an independent panel report that found him possibly guilty of serious misconduct. He argues that resigning would give credence to a flawed report and undermine constitutional processes.

• Ramaphosa addresses calls for his resignation in a televised speech.
• He cites a Constitutional Court judgment that does not compel him to resign.
• He claims the independent panel report has grave flaws.
• He argues resigning would undermine constitutional order and ongoing reforms.
• The speech focuses on political and legal defense, not financial markets.