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The Constitutional Court says MPs were was wrong to block impeachment proceedings against Cyril Ramaphosa.
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The judgement follows a legal challenge by Malema's Economic Freedom Fighters (EFF) and others, and could result in fresh impeachment proceedings. Ramaphosa's office said he respects the judgement.
In 2022, an independent panel said Ramaphosa may have a case to answer after burglars stole $580,000 (£430,000) in cash, hidden in a sofa, from his rural home.
The theft led to allegations that he had not accounted for where the cash had come from. The president denied wrongdoing.
But impeachment proceedings were blocked four years ago in a parliamentary vote. At that time Ramaphosa's African National Congress (ANC) had a majority in parliament, but since the 2024 general election the ANC has been governing in a coalition.
Following the judgement, Ramaphosa's office said he "reaffirms his commitment to the Constitution, the independence of the Judiciary and the rule of law".
The statement said the president had been "consistent in providing his full assistance" to all enquiries into the matter.
"President Ramaphosa maintains that no person is above the law and that any allegations should be subjected to due process without fear, favour or prejudice."
The ANC also released a statement to similar effect, adding on X that the judgement shows "the importance of allowing institutions to function independently" within South Africa's constitutional democracy.
Speaking to reporters outside the court in Johannesburg earlier, Malema said Ramaphosa should resign and "concentrate on this impeachment process because it has got serious implications on him as an individual".
"You cannot serve the two - one is going to suffer," he explained, referring to being president and preparing for impeachment.
The EFF took the case to the country&#x
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