Zuma was ordered to establish the inquiry within 30 days of a High Court ruling last month, which upheld the recommendations of South Africa's corruption-fighting Public Protector. It is suspected that kickbacks amounting to US$ 411 million were paid in exchange for state contracts.
Speaking to the Dispatch in Duncan Village during a door-to-door visit to child-headed households on Tuesday‚ ANCYL secretary-general Njabulo Nzuza said anyone who called for Zuma's removal would be "vindictive".
Stocks were little changed with South African-listed Steinhoff shares weighing on the market.
Zuma, who has denied wrongdoing, said he has appealed the order to pay the costs himself but is moving ahead with a commission of inquiry because "this matter has occupied the public mind for some time now and deserves urgent attention". Cyril Ramaphosa can't be saddled with a party riddled with the question of Jacob Zuma so soon after coming in with a fairly narrow majority and sitting with a top six that is fairly split down the middle and an NEC that's also fairly split down the middle.
She added that the DA would continue to pursue every possible avenue to hold Zuma accountable for the 783 counts of corruption against him as well as his role in state capture.
The South African Presidency said South Africa and Kenya enjoy very warm bilateral relations underpinned by strong historical and political bonds.
The rand has swung between R12.2275 and the upper R12.50s for the first two weeks of the year, pushed and pulled by mostly rumour-fuelled bets of a Zuma resignation before his term ends next year.
"I am also mindful of the concerns raised by the public protector in her report, wherein she lamented the lack of resources to conduct a wider inquiry into this matter", said Zuma. "But better late than never", Madonsela said. Now, however, he has been forced into offering it his full support.