Zuma, in power since 2009, has been deserted by prominent allies since being replaced in December as ANC leader by Cyril Ramaphosa, South Africa's deputy president, who is now lobbying behind the scenes for him to step down as president too. "'What is this thing, transition that you are talking about?' So we say no you see, it's a handing over of power from you to Cyril [Ramaphosa]", he said, followed by laughter from the delegates.
He was also briefing MPs on his ongoing talks with Zuma following a decision by the party's highest decision-making bodies in between conference‚ the national executive committee and the national working committee‚ to ask him to step down as head of state and head of government.
Magashule said the discussions were constructive.
The ANC also wants him out of the picture to ensure his pending legal woes do not negatively affect the party's standing with voters in the run-up to next year's general election.
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An announcement on the political fate of South African President Jacob Zuma could come at any moment.
Zuma has been in discussion with his successor in the ANC since early this week after the National Executive Committee meeting to recall Zuma was postponed.
"Just relax", Derek Hanekom, an ANC lawmaker, former tourism minister and one of Zuma's most outspoken critics, said on Twitter.
A protracted and messy exit for Zuma won't go down well with investors, who are counting on Ramaphosa to fulfil his pledge to revive the flagging economy, create greater policy certainty and clamp down on the alleged corruption that's characterised Zuma's administration.
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But he faces a new confidence-vote in parliament against his leadership on February 22 filed by the opposition far-left Economic Freedom Fighters party (EFF).
Emergency party talks were held in Johannesburg on Sunday. ANC credibility will be on the line if opposition parties are the ones to initiate the presidents departure and the leading political party would be concerned about its effect on the 2019 presidential elections.
Zuma normally holds cabinet meetings on Wednesdays.
Julius Malema, leader of the radical opposition Economic Freedom Fighters party which has been at the forefront of disrupting Mr Zuma's previous state-of-the-nation addresses, said in a tweet that "the postponement.is a declaration of a crisis, the masses must take over now".
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Reacting to media reports‚ the DA said it would not "hesitate to approach the courts to stop Ramaphosa" from granting Zuma immunity from prosecution. This situation has created two centres of power in the country, with tensions between the government and the ruling party's new leadership team.