South Africa's ANC picks Cyril Ramaphosa as leader
Monday, December 18, 2017
The country's deputy president defeated former cabinet minister Nkosazana Dlamini-Zuma, Mr Zuma's ex-wife, after a marathon voting process.
Mr Ramaphosa is in a strong position to become president in 2019 polls.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...