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Sat, Dec

ramaphosa

  • Zuma's own tenure has been marred by numerous corruption scandals and the party wants him to end his second five-year term early so that it can shore up support ahead of 2019 elections.

    South Africa's President Jacob Zuma resigned on Wednesday effective immediately, bowing to pressure from the ruling ANC party as it pushed for a no-confidence vote on his beleaguered leadership.
    Speaking during a 30-minute national televised address, Zuma said that he had "come to the decision to resign as president of the republic with immediate effect".

  • Ramaphosa faces numerous challenges, among them rebuilding the nation's stagnating economy. The rand, South Africa's currency, rose against the dollar to its strongest point in three years in reaction to Zuma's resignation.

    South Africa's parliament formally chose Cyril Ramaphosa as the country's new president Thursday.

  • During his business career, Ramaphosa held stakes in McDonald's and Coca-Cola's local ventures and made millions in deals that required investors to partner with non-white shareholders. He became one of the richest men on the continent -- reaching number 42 on the Forbes list of Africa's wealthiest people in 2015 with a net worth of $450 million (383 million euros).

    Cyril Ramaphosa's long and eventful career has taken him from trade union activist to multi-millionaire -- and is now likely to become president of South Africa. After South Africa dismantled apartheid, Ramaphosa saw his hopes for the country's top job apparently dashed.

  • Zuma, in power since 2009 and beset by corruption allegations, has been in a weakened position since Deputy President Ramaphosa replaced him as ANC leader in December. Ramaphosa has talked of a transition of power since he took over as leader of the ANC.

    African National Congress (ANC) leader Cyril Ramaphosa said on Wednesday he is holding direct talks with Jacob Zuma over a transition of power, in the strongest indication to date the South African president will step down after years of scandal.

  • He was sworn into office on Thursday, a day after Zuma was forced to resign after his ruling African National Congress finally turned against his turbulent presidency.

    South African President Cyril Ramaphosa hailed a "new dawn" for the country Friday and promised to fight corruption following the resignation of his predecessor, Jacob Zuma, who was plagued by corruption scandals.

  • The apology, the President stated, “is accepted in good faith”, and was hopeful that the “authors of the violence will be apprehended, and will face justice.”

    President Cyril Ramaphosa of South Africa has conveyed his and the apologies of the people of South Africa to President Akufo-Addo and the people of Ghana over the recent xenophobic attacks in South Africa, that resulted in the deaths of and injuries to several African nationals, and the looting of their shops belonging to them.

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