• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Sunday, August 14, 2022
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Ramaphosa takes over as South Africa’s president

Marian AnsahbyMarian Ansah
February 15, 2018
Reading Time: 2 mins read
ShareShareShareShare

Cyril Ramaphosa has become South Africa’s president after embattled leader Jacob Zuma resigned.

He was the only candidate nominated in parliament on Thursday so no vote was needed to make him president. MPs from the ruling African National Congress broke into song at the announcement.

In a speech to parliament Mr Ramaphosa, 65, said that corruption was on his radar.

The ANC had told Mr Zuma to step down or face a vote of no-confidence.

In a televised statement he said he was quitting with immediate effect but said he disagreed with his party’s decision.

Mr Zuma faces numerous corruption allegations but denies any wrongdoing.

Dream finally realised

Analysis: Lebo Diseko, BBC News, Johannesburg

It is often said that Mr Ramaphosa has had his eye on the position of president since the ANC came to power in 1994.

The story goes that he was so upset at not having been chosen by Nelson Mandela as his successor that he left politics and went into business.

But Mr Ramaphosa has now finally realised that dream.

He has said his priority is reviving South Africa’s battered economy. But it won’t be easy: Unemployment is currently at almost 30%, a rate which rises to nearly 40% for young people.

Low growth rates and dwindling investor confidence were compounded by two credit agencies downgrading the economy to junk status.

One of the first steps in improving that investor confidence is addressing the persistent claims of corruption at the heart of government.

What next for South Africa?

There is a renewed sense of hope as Mr Ramaphosa is taking over the reins of Africa’s most industrialised economy.

The markets appeared to welcome Mr Zuma’s resignation. The South African currency, the rand, reaching its strongest levels in three years – at 11.6570 rand for $1 in early trading.

Some will miss him though, pointing to achievements like announcing the abolition of fees for higher education, says the BBC’s Milton Nkosi in Johannesburg.

Mr Zuma, a former member of the ANC’s military wing in the days of apartheid, rose through the ranks of the party to become president. He led the country for more than a third of its time after apartheid.

But he leaves office with several scandals hanging over him, and with South Africa’s economy in dire straits.

On Wednesday, police swooped on the Johannesburg home of the powerful and wealthy Gupta family.

Eight suspects appeared in court on Thursday on fraud and money laundering charges, local media report. But they did not include any of the best-known Gupta brothers – Ajay, Atul and Rajesh.

Among the eight in court was Varun Gupta, who was Chief Operating Officer of the Gupta-owned mining firm Oakbay Resources and Energy. He is yet to make a plea in court.

The Guptas have been accused of using their close friendship with the president to wield enormous political influence. They deny all allegations of wrongdoing.

Who is Cyril Ramaphosa?

Detained in 1974 and 1976 for anti-apartheid activities

Chairman of committee which prepared for Nelson Mandela’s release from prison in 1990

Had hoped to succeed Mandela as president but Thabo Mbeki chosen instead

Moved full-time into business in 1997, becoming one of South Africa’s richest businessmen

On Lonmin board during 2012 Marikana massacre

Elected ANC leader in 2017

Becomes president of South Africa on 15 February 2018

–

Source: BBC

ShareTweetSendSend
Previous Post

Old students storm Education Ministry over Katanga, Conti conversion

Next Post

Ho AESL workers on sit-down strike over salary arrears

Related Posts

Top Stories

Kumasi: NPP members defy order; embark on health walk to declare support for Alan

August 14, 2022

Fire Service cautions public against purchase of refurbished gas cylinders

August 14, 2022
Top Stories

Foreign Affairs Ministry probes alleged possession of Ghanaian passport by foreigners

August 14, 2022
Top Stories

Allegations of illegal mining in Offin river being investigated – Minerals Commission

August 14, 2022
International

Several injured in Jerusalem shooting

August 14, 2022
International

Kenya elections 2022: Raila Odinga and William Ruto in tight presidential race

August 14, 2022
Next Post

Ho AESL workers on sit-down strike over salary arrears

TOP STORIES

Kumasi: NPP members defy order; embark on health walk to declare support for Alan

August 14, 2022

Fire Service cautions public against purchase of refurbished gas cylinders

August 14, 2022

Foreign Affairs Ministry probes alleged possession of Ghanaian passport by foreigners

August 14, 2022
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2021 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2021 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT