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"Because our people want this matter to be finalized, the national executive committee will be doing precisely that", he said.

"History was made here where you are all standing", Ramaphosa told the crowd of hundreds who had gathered on Sunday. Politically, however, that case never went away: The opposition vowed not to let the matter drop, and has since used it to illustrate its lack of faith in the president through eight no-confidence votes in relation to his alleged corrupt acts before and during his presidency.

It said that the prospect of a plea bargain is part of an exit package being secretly negotiated between Ramaphosa and Zuma.

He was referring to one-on-one negotiations between Zuma and Deputy President Cyril Ramaphosa, who replaced him as ANC leader in December and is now positioned to succeed him as leader of the country and the party.

"We are now engaged in discussions around the transition to a new administration and specifically the position of the President of the Republic‚" Ramaphosa said.

Zuma, 75, has not said whether he will resign voluntarily before his second term as president ends in the middle of next year.

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Ramaphosa, one of the richest black South Africans, has had a hard relationship with Zuma since he left his business career and returned to full-time politics five years ago, and became deputy president in 2014.

Ramaphosa told the ANC supporters that discussions with Zuma over his possible resignation were taking place using Madiba's "style".

In a speech at the event in Cape Town, Mr Ramaphosa said the key aim of transition talks was to unite South Africans.

He also saluted "such freedom fighters as Sheik Yusuf, Dr Abdullah Abdurahman, Cissy Gool, Alex La Guma, ZR Mahabane, Oscar Mpetha, Philip Kgosana, Ray Alexander, Dora Tamana, John Mtini, Reg September, Dullah Omar, Ben Turok, Annie Silinga, Essa Moosa, Johnny Issel, Jakes Gerwel, Archie Sibeko, Ashley Kriel and many others who were drawn from Cape Town. As we do that, we must listen to the people of SA, we must listen to workers when they are saying for as long as we keep the president of the republic in power, the ANC brand becomes damaged", Losi said to loud applause.

The party of Nelson Mandela was marking the 28th anniversary of the day the late leader walked free from prison in the city of Cape Town. "As we emerge from a period of difficulty, a period of disunity and discord, this Nelson Mandela centenary year offers us what I would call, a new beginning".

The African National Congress's top six officials had been called into an urgent meeting with Zuma, Johannesburg-based broadcaster eNCA reported.