The Guptas and Mr Zuma deny any wrongdoing but the allegations will not go away.
The party's powerful 107-member national executive committee (NEC) were called to a hotel outside Pretoria for a meeting scheduled to start at 2:00pm (1200 GMT). Other options for his removal include impeachment proceedings in parliament or a vote on an opposition-sponsored motion of no confidence that is scheduled for February 22.
Criticizing ZumaRamaphosa, 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 also led South Africa's delegation to the World Economic Forum in Davos, Switzerland last month, mixing with heads of state and trying to assure investors that the country is emerging from the turmoil that briefly sent it into recession a year ago.
In 1997, he became the deputy president of the ruling ANC, and was then named as South Africa's deputy president in 1999.
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He campaigned as the anti-Zuma candidate, promising to target corruption.
South Africa's chief prosecutor said. This is later confirmed by media reports on remarks given by the ANC party treasurer. Both have been in power for decades: 24 years for the ANC, and 38 years for its Zimbabwean counterpart. The party has been in power since the end of white minority rule in 1994 and wants to avoid a coalition government. And both have inflicted heavy damage to their economies in recent years under presidents who seemed isolated and hostile to foreign investment.
ANC president Cyril Ramaphosa could have been announcing the end of Jacob Zuma's presidency when he stepped into Madiba's shoes of 28 years ago on the Grand Parade in Cape Town on a hot Sunday afternoon, but he didn't. The demonstrations would have been timed to coincide with a parliamentary vote of no-confidence on February 22.
Zuma had been due to officiate at a diplomatic awards ceremony in Cape Town on Saturday, according to his office, but that event has been postponed. His popular moves are likely to help the former liberation movement maintain its long grip on power.
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South Africans will soon have "closure" on talks to remove President Jacob Zuma from office, Deputy President Cyril Ramaphosa said Sunday.
"We know you want this matter finalised", he told the crowd to loud cheers and applause.
Zuma‚ 75‚ is now the hottest item on the ANC national executive committee agenda now taking place at St Georges Hotel in Irene‚ Centurion‚ which is deliberating on his fate.
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"The REC would like to appeal to the NEC members to speak in unison on this matter and manage contradictory statements that cause confusion in the rank and file and society at large."The more the matter is prolonged, the more the people of South Africa are losing hope in the ANC and opportunistic elements occupy the space, exclusively to topple the ANC from power".