Cyril Ramaphosa takes over from Zuma, as President of South Africa

Proshare

Thursday, February 15, 2018 4.00PM / Proshare WebTV 

Mr Cyril Ramaphosa in an unanimous decision today at the parliament, emerged the new leader of one of Africa’s leading economies South Africa. 

Ramaphosa who was the Deputy President takes over from Mr Jacob Zuma, who resigned yesterday after the ruling party the Africa National Congress asked him to step down or face a vote of no confidence. 

Former President Zuma in his statement said he was resigning despite the fact that he disagreed with the approach of his party. 

The new President Cyril Ramaphosa , 65 in his address to the parliament said tackling corruption and strengthening institutions will be top of his administration’s priority. 

Ramaphosa also committed to addressing the socio-economic challenges in the country, and the unemployment rate which is currently 26.7%. 

He asserted that by curbing corruption investors confidence will be restored in the country. 

Key economists and analysts are expecting robust economic reforms from the Cyril Ramaphosa administration. 

Cyril Ramaphosa is a well-known name in South Africa, as he was among the anti-apartheid activists detained in 1974 and 1976. He Chaired the committee which prepared for Late Dr. Nelson Mandela’s release from prison in 1990. 

He was once the President of the powerful Trade Union of Mineworkers(NUM) before venturing into business in 1997, and is currently worth over $400ml which positions him as one of the richest men in South Africa. 

The skillful negotiator and bridge-builder was also the Secretary-General of the ANC before the position of  Deputy President. 

It is expected that Ramaphosa will build on the cordial relations South Africa has enjoyed in the Southern African region, across Africa and the Globe.

 

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