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South African President Jacob Zuma has resigned, in his words, “with immediate effect.” He made the announcement in a 30-minute speech on national television late Wednesday.

The 75-year-old Zuma had been under strong pressure from his ruling African National Congress, or ANC, to leave office before the end of his term.

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This sum is transferred to the two principal shareholders—the Free State of Bavaria and the City of Munich—as interest on their loan for the construction of the new exhibition center.

Solid financial base“Messe München has a solid financial base”, says Dr. “That is also shown by our investments, which we finance completely by ourselves and without subsidies.” Whether that’s the construction of the two new halls and the Conference Center North for 105 million euros or, in recent times, the two biggest investments since Messe München came into existence: the purchase of the CTT construction machinery fair in Moscow and the majority acquisition of Fenestration China.

“We will carry on consistently with our targeted growth strategy”, says CEO Klaus Dittrich.

“The year 2016 far exceeded all expectations”, summarizes Klaus Dittrich.

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