newsmoments.net
newsmoments.net 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.



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