Category Archives: Cyril Ramaphosa

South Africa: Cyril Ramaphosa to outline anti-corruption strategy

New president to deliver first major speech vowing to prioritise economic growth and combat inequality

Cyril Ramaphosa will outline his strategy to restore economic growth, fight corruption and tackle entrenched inequality in South Africa in the first major speech of his presidency.

The former deputy president was sworn in as head of state hours after being elected unanimously by parliament to replace Jacob Zuma, who resigned late on Wednesday following accusations of corruption and economic mismanagement.

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Source: gad

For South Africa's new president the only way is up | Larry Elliott

Jacob Zuma scandals dragged down the economy. Now Cyril Ramaphosa has the chance to unleash a regional superpower

Timing matters a lot in determining political success. Gordon Brown could hardly have become prime minister at a worse time because in the summer of 2007 the UK economy had been growing for 15 years, the financial crisis was just around the corner and the only way was down.

For Cyril Ramaphosa, by contrast, the only way is up. The new South African president has taken over an economy that should be a regional superpower but has been seriously underperforming in recent years. The growth rate has been on a downward trend since the initial bounce back from the “great recession” and is close to zero. Unemployment is above 25% and the poverty rate is higher than in other large emerging market economies.

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Source: gad

Cyril Ramaphosa to be sworn in as president of South Africa

Former anti-apartheid activist turned businessman replaces Jacob Zuma, who dramatically resigned on Wednesday night

Cyril Ramaphosa is to be elected president of South Africa by a parliamentary vote less than 16 hours after the resignation of his rival Jacob Zuma, following days of defiant refusal to leave office.

Ramaphosa – who, as deputy president, became interim leader immediately after Zuma’s late-night resignation on Wednesday – will be sworn in as head of state on Thursday by South Africa’s chief justice in Cape Town.

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Source: gad

Jacob Zuma resigns as South Africa's president on eve of no-confidence vote

Jacob Zuma, the president of South Africa, has resigned after days of defying orders from the ruling African National Congress to leave office and on the eve of a no-confidence vote in parliament.

In a televised address to the nation late on Wednesday, the 75-year-old said he was a disciplined member of the ANC, to which he had dedicated his life.

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Source: gad

Reports that President Zuma has resigned dismissed by ANC

Six-hour meeting of ANC national executive did not reach a decision on fate of president

South African officials have dismissed reports that Jacob Zuma has agreed to resign as president as “fake news”, as the ruling party held talks to decide his fate.

The African National Congress is expected to order him to stand down or face a no-confidence vote in parliament that he would almost certainly lose.

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Source: gad

ANC expected to order Zuma to resign or face no-confidence vote

Special meeting convened after talks between president and Cyril Ramaphosa failed

The executive body of South Africa’s ruling party is expected to order Jacob Zuma to resign as president on Monday or face a no-confidence vote in parliament that he would almost certainly lose.

A special meeting of the African National Congress’s national executive committee was convened when it became clear that nearly five days of talks between Zuma and the deputy president, Cyril Ramaphosa, who took over the leadership of the ANC in December, had failed.

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Source: gad

ANC could ask Jacob Zuma to quit within fortnight

Supporters of new ANC leader want president sidelined so party can prepare for 2019 elections

Jacob Zuma is likely to face a demand from South Africa’s ruling party to step down as the country’s president within two weeks, officials have said.

The premature departure of Zuma, whose second five-year term is due to expire next year, will consolidate the power of Cyril Ramaphosa, who was elected leader of the African National Congress (ANC) last month.

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Source: gad