The National Prosecuting Authority will meet on Monday to discuss the possibility of dropping graft charges against ANC president Jacob Zuma, an official has revealed.

"The National Prosecuting Authority is applying its mind... to make a decision as to whether in the light of this information that we have received, we need to discontinue with our prosecution," said NPA spokesman Tlali Tlali.

"No decision has been taken in this regard," he added.

Tlali told SABC radio that the NPA and Zuma's lawyers have had "three transactions... where there was an exchange of information between the NPA and Mr Zuma's lawyers".

The NPA was considering this information as "an ongoing process", said Tlali.

He said there were "outstanding issues" which required the NPA "to conduct some investigation research or verification process".

"It is only once that particular process is concluded that the NPA will make a decision.

"This meeting that is being convened for today [Monday]... it is for the NPA leadership to meet with the project team responsible for the investigation and prosecution of Mr Zuma to deal with the matter.

"We are not oblivious to the anxiety around this matter. It is one huge matter that has attracted a lot of public and media interest, both domestically and abroad," said Tlali.

He would not say if a decision would be announced on Monday, but said the matter would be "resolved as expeditiously as possible".

Zuma, the ruling African National Congress' presidential candidate, is facing fraud and corruption charges related to a multi-billion dollar government arms deal.