Monday, 24 September, 2018


New South African President will Address the Nation this Friday

Cyril Ramaphosa reacts as he hugs National Assembly Speaker Baleka Mbete after being elected by the members of Parliament prior to his swearing in as South Africa's new president New South African President will Address the Nation this Friday
Bennie Garza | 17 February, 2018, 11:15

Mr Ramaphosa, who won control of the ANC when he was elected as its head in December, is likely to be voted in by parliament as South Africa's new president later today or tomorrow.

Many party leaders had hoped that the transfer of presidential power would be dignified and graceful, with Zuma voluntarily resigning the presidency after Ramaphosa defeated his preferred candidate (his former wife, Nkosazana Dlamini-Zuma) in the race for party leadership.

This marked a change of direction from Zuma, Miller added, "who often dodged parliamentary questions and refused to answer any inquiries into government decisions clearly".

The African National Congress welcomed the resignation, expressing gratitude for Zuma's "loyal service" during his almost 10 years as president and encouraging party members to support Ramaphosa, now the country's acting president.

To preserve ANC party unity, Ramaphosa sought to ease Zuma out in a dignified way. Analyst say more than five percent a year is required to reverse the unemployment crisis.

ANC tradition is that the party leader is the state president; when Thabo Mbeki was defeated as party leader in 2008, he resigned the presidency following his recall by the party.

Despite trying to force Zuma from office, the ANC said in a statement it "nonetheless wants to salute the outstanding contribution he has made and express its profound gratitude to him for the role he has played in the ANC spanning over 60 years of loyal service".

Members of a South African opposition party have walked out of parliament, saying a ruling ANC party plan to elect a new president is "illegitimate".

Zuma resigned on Wednesday after the ANC announced Tuesday it had chose to remove him from office but did not give any reason. On this basis, Zuma officially made it clear that he was no longer the president to the people of South Africa. The party concluded that Zuma had become too great a political liability as it looked toward upcoming elections in 2019. The 75-year-old leader said that violence and division within the ANC had forced him to quit. The family has denied corruption allegations.

At 1515 GMT, the rand was at 11.6600 against the dollar, having reached a session-best of 11.6025 earlier per cent stronger than its NY overnight close and at levels last seen in February 2015.

In reaction to Zuma's resignation, ratings agency Moody's said it was focused on the new leadership's response to economic challenges and the progress it makes in pushing through policy reforms.

Proceedings began just after 14:00, when National Assembly Speaker Baleka Mbete confirmed to the House that she had indeed received a resignation from Zuma on Thursday morning.

His nomination was seconded by veteran ANC MP Joan Fubbs, who said: "He is a selfless, disciplined leader and he knows he is here to serve the people of South Africa".

Zuma resigned late Wednesday after the ANC, which has lost popularity because of corruption scandals during his tenure, instructed him to leave.

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