June 19, 2018

Ramaphosa hails 'new dawn' for South Africa

17 February 2018, 02:54 | Simon Arnold

Houses of Parliament Cape Town South Africa

Houses of Parliament Cape Town South Africa

The State of the Nation Address takes place on Friday 16 February.

Investors will be watching as well, Makamola said.

Ramaphosa "represents the struggle of remainees", said political analyst Somadodo Fikeni, using the South African term to describe African National Congress veterans who were neither exiled, such as former President Thabo Mbeki, nor sentenced to prison on Robben Island, like the late Nelson Mandela.

He is mired in corruption allegations, involving nepotism, influence-peddling, and conflicts of interest.

"We will need to confront the reality that the challenges at some of our SOEs are structural - that they do not have a sufficient revenue stream to fund their operational costs".

Urging Parliament to pass the bill that would ratify the country's new constitution, Ramaphosa delivered an impassioned speech in defense of universal human rights.

The agency said in December that the "new ANC leadership gives prospect of a credit positive policy shift", but noted that a narrow victory for Ramaphosa could complicate efforts to reform the country.

MPs and guests quietened while they watched the footage of Ramaphosa's 21-gun salute, and stood to attention for the playing of the national anthem.

Ramaphosa's comment that the mining sector should be treated as a sunrise sector and not a sunset sector was encouraging but one needed to be realistic, Lings said.

Born in 1952, Ramaphosa is a businessman, a politician and a trade unionist.

Zuma leaves behind a dented global perception of South Africa as an investment destination, a barren public purse and a strained economy that has only recently left a proverbial intensive care unit.

"This is not a flash in the pan", Ramaphosa said.

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

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

It was only past year - when it was clear Ramaphosa would not secure Zuma's support to succeed him in the party and in the government - that Ramaphosa began publicly distancing himself from Zuma.

In recent weeks, Ramaphosa chipped away at Zuma's support with an undeniable argument: The prospects of the party and its members would be better in a government led by Ramaphosa.

Other News

Trending Now

PFA offers assistance in Leicester vs Mahrez row
The winger has missed four training sessions and two games including the Foxes' 1-1 stalemate with Swansea City on Saturday. A "close friend" of the 26-year-old has been quoted saying the winger was depressed after the move failed to materialise.

Alabama lands its top target today in 5-star cornerback Surtain
Alabama also lost two commits to flips, as Quay Walker ended up choosing Georgia and Bobby Brown chose Texas A&M. Saban and his staff was more focused on filling needs instead of the overall strength of the class.

Xiaomi Redmi Note 5 Pro With Qualcomm Snapdragon 636 Launched In India
Will you buy the Redmi Note 5 or the Redmi Note 5 Pro? Apart from company's first smart TV, Redmi Note 5 ready for its debut. Coming to the Redmi Note 5 , the smartphone will be available in Gold, Rose Gold, Black and Blue colour options.

More snow nixes flights at Chicago airports
Meanwhile, the snow won't end until sometime today , the National Weather Service Northern Indiana says on its website. This is our main concern tonight , as bridges, overpasses and some roads will become icy.

U.S. official warns of growing threat from North Korea
It is truly unfortunate that the United States is renewing its attention to its nuclear arsenal, after eight years. In November it tested the Hwasong-15, believed to be capable of reaching the continental United States.

White House Holds Meeting to Discuss Aluminum and Steel Trade Actions
GM uses American steel and aluminum for "a vast majority" of its production, Tom Henderson, a spokesman, said in an email. Trump take action based on the recommendations he receives, or he may opt not to take any action.

United Kingdom threatens to cut off aid to charities following Haiti sex claims
Ms Mordaunt's announcement comes as the Observer reports that Oxfam workers allegedly used prostitutes in Chad in 2006. Oxfam said it was "shocked and dismayed" by the new Chad claims although it said it could not corroborate the claims.

Mitt Romney is running for US Senate in Utah
And on immigration, Mormon voters much more dovish than the immigration hardliners now shaping the debate in Washington . Yet, following Trump's election win, Romney said he was "impressed" with Trump's transition and cabinet nominees.

Source code of iPhone leaked, confirms Apple
Apple recently began using Secure Enclave processors that ensure greater security and made jailbreaking nearly obsolete. There's been a huge leak on the web today, which has put every iPhone on the market in danger in terms of security.

Why Omarosa Newman Won't Vote For Trump 'In A Million Years'
Her comments to RuPaul's Drag Race judge and talk show funnyman Ross Mathews were illuminating, even panic-inducing. Newman told Matthews she worked at the White House because she perceived it as a "call of duty".