In a surprise move on Tuesday evening, President Jacob Zuma announced that he had decided to appoint a commission of inquiry into state capture.
According to a media statement issued by the president, Chief Justice Mogoeng Mogoeng had appointed Deputy Chief Justice Raymond Mnyamezeli Mlungisi Zondo to head up the inquiry.
In December last year, Zuma lost a court bid to set aside the recommendations of former public protector Thuli Madonsela's State of Capture report.
This is a developing story.
Here is the full, unedited statement by Zuma:
Fellow South Africans
Pursuant to the investigation and remedial action of the Public Protector regarding complaints and allegations of the State of Capture, as well as the orders issued by the North Gauteng High Court in its judgment of 14 December 2017, I have decided to appoint a Commission of Inquiry.
The Court ordered that, among other things, the remedial action of the Public Protector is binding and that the President is directed to appoint a commission of inquiry within 30 days, headed by a judge solely selected by the Chief Justice. The Court also ordered that I should personally pay the costs of the review.
I have appealed the cost order as well as the order regarding the duties of the President to appoint commissions of inquiry in terms of section 84 of the Constitution.
However, I am taking further legal advice on the prosecution of this appeal. I am concerned that this matter has occupied the public mind for some time now and deserves urgent attention.
I have only appealed the orders to the extent that they set a particular precedent for the Office of the President of the Republic and are indeed deserving of legal certainty.
The allegations that the state has been wrestled out of the hands of its real owners, the people of South Africa, is of paramount importance and are therefore deserving of finality and certainty.
Accordingly, I have decided that, while the issues determined by the order require final determination by higher courts, this matter cannot wait any longer.
It is of such serious public concern that any further delay will make the public doubt government's determination to dismantle all forms of corruption, and entrench the public perception that the state has been captured by private interests for nefarious and self-enrichment purposes.
The commission must seek to uncover not just the conduct of some, but of all those who may have rendered our state or parts thereof vulnerable to control by forces other than the public for which government is elected.
There should be no area of corruption and culprit that should be spared the extent of this commission of inquiry.
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.
Accordingly, by making more resources available, it is my sincere hope that the commission, will be able to reach many of those areas of concern that may not have been reached by the Public Protector's investigation, but form part of what she might have investigated, had she had sufficient resources to do so.
I have considered this matter very carefully, including the unprecedented legal implications of the order directing the Chief Justice to select a single judge to head the commission of inquiry. I have expressed my reservations about the legality of this directive, which may be the subject of the appeal. I would like to emphasise that I have faith in all the judges and their ability to execute their tasks with the requisite levels of fairness, impartiality and independence.
I requested the Chief Justice to provide me with the name of the judge to head the Commission. He has selected Deputy Chief Justice Raymond Mnyamezeli Mlungisi Zondo to undertake this task.
I urge everyone to cooperate with the commission of inquiry.
I trust that we will all respect the process and place no impediments to prevent the Commission from doing its work.
I thank you.