South Africa ruling party deciding if Zuma should step down

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Ramaphosa, 65, on Sunday left South Africa to attend the World Economic Forum in Davos.

Jacob Zuma, Baleke Mbete and Cyril Ramaphosa arrive at parliament to deliver the annual state-of-the-nation address in Cape Town on February 12, 2015.

His office and the Ministry of Public Enterprises announced sweeping changes to the board and management of struggling state-power utility Eskom Holdings.

There has been widespread speculation in local media that the African National Congress' (ANC) 80-member Executive Committee passed a resolution this week calling for the removal of Zuma as South African president. "I would say Zuma will be gone in anything between 10 and 30 days maximum".

The South African delegation led by Ramaphosa included a broad range of leadership from various sectors of the economy and society, with Finance Minister Malusi Gigaba the lead minister and co-ordinator. He's also vowed to fight the graft that have marred Zuma's administration, Bloomberg said.

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Critics of Mr Zuma both inside and outside the ANC have said he should step aside as soon as possible to allow the ruling party time to restore voter confidence ahead of national elections scheduled for next year. "We had said there would be continuous interaction between President Zuma and (ANC) President Ramaphosa", Magashule said.

International Monetary Fund chief Christine Lagarde said on Tuesday she had met with South African Deputy President Cyril Ramaphosa on the sidelines of the World Economic Forum in Davos and agreed that structural challenges were a burden to economic growth in Africa's largest economy.

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"There are other structural reforms that should bode well for the South African economy, building on the positive growth we started seeing previous year", he said.