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Hannekom argues that the accusations made on Zuma's official Twitter account had caused "immense harm and damage" to his reputation.
In the corruption scandal popularly referred to as "state capture", Zuma is accused of overseeing mass looting of state assets during his nine-year tenure.
Zuma appeared in the Specialised Commercial Crime Court in Johannesburg which confirmed that the National Prosecuting Authority (NPA) had withdrawn the case pending further evidence.
During this period Zuma got entangled in a corruption charge and abuse of power, particularly regarding financial benefits derived from a controversial arms deal in a remarkable turn of events, while Tony Yemeni, the chief whip was found guilty, Zuma was acquitted of all charges.
He was facing an indictment from the National Prosecution Authority (NPA) in which the State alleges that Zuma is guilty of 16 counts of fraud, corruption, money laundering and racketeering.
The case, which is to be heard in Zuma's home province of Kwa-Zulu Natal, is a dramatic development on a continent where leaders rarely face their accusers in court.
Former President Frederik de Klerk welcomed the reinstatement of the charges against Zuma.
Zuma's immersion in a succession of scandals had caused immeasurable damage to the ANC, once revered for the leading role it played in vanquishing apartheid, and had ground Africa's most industrialized economy to a near-standstill.
Earlier, South Africa's ruling party ordered Jacob Zuma on February 13 to step down as head of state but gave him no firm deadline to go, setting the stage for a potential fight to wrest him from power.
His departure ended a leadership crisis in one of Africa's biggest economies and set the stage for ruling party MPs to elect acting president Cyril Ramaphosa, previously deputy president, as Mr Zuma's successor.
I have always been a disciplined member of the organisation," local media quoted Zuma as saying.
Chief Justice Mogoeng Mogoeng presided over the parliamentary election and congratulated Ramaphosa, who had been Zuma's deputy and in December was narrowly elected leader of the ruling party over Zuma's ex-wife.