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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters South Africa prosecutors drop Zuma graft charges Mon Apr 6, 2009 10:38am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Ed Cropley PRETORIA (Reuters) - South African prosecutors dropped corruption charges Monday against ruling party leader Jacob Zuma, who is expected to become president, ending a long legal battle that had raised doubts over his ability to govern. Acting chief prosecutor Mokotedi Mpshe said the former head of the elite Scorpions anti-crime unit had manipulated the legal system and said "abuses" uncovered in taped conversations were behind the decision to drop the charges. The National Prosecuting Authority (NPA) said the case was closed and no further charges would be brought against Zuma, whose ANC party is widely expected to win an April 22 election and choose him as president of Africa's biggest economic power. However some analysts said dropping the charges on a technicality without establishing Zuma's innocence meant the eight-year-old allegations of corruption, fraud, money laundering and racketeering would continue to dog him. "Mr. Zuma is not going to have his day in court now...," said University of Johannesburg political analyst Adam Habib. "The scandal and the corruption charge will forever taint the administration and it will forever be compromised." The case has been closely followed by investors looking for political stability as the economy teeters on the brink of recession and has raised questions about the independence of South Africa's judiciary. INVESTOR RELIEF The ANC said the decision was a victory for the rule of law. "Never again should we allow institutions of government to surrender their professional independence by engaging in parties and political battles. Never again should we allow persecution for one individual for such a long period of time," ANC Secretary General Gwede Mantashe told a news conference. The rand currency firmed slightly, trading at 8.9850 against the dollar at 1127 GMT, from 9.01 before the announcement. Investors welcomed the move because it removed political uncertainty and virtually ensures that Zuma, who has vowed to stick to the ANC's business-friendly policies, will become the next president. "(This) means people will be looking at policy continuity in the short-term," said Jon Harrison, emerging foreign exchange strategist at Dresdner Kleinwort in London. Some analysts argue Zuma will now be able to focus on dealing with the ripple effects of the global financial crisis in Africa's biggest economy, as well as tackling poverty, crime and HIV/AIDS, without graft charges hanging over him. Longer term, however, the decision may deepen concerns about the independence of South Africa's legal system and damage the country's image with investors and abroad. South Africa portrays itself as a model of human rights and democracy. Zuma, who denies wrongdoing, has said he was the victim of a political conspiracy while his opponents have accused the ANC of back-room deals to clear his name. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! 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