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Promising jobs and justice, Ramaphosa sworn in as president

Promising jobs and 
justice, Ramaphosa 
sworn in as president

Reuters
PRETORIA
Trade unionist-turned-businessman Cyril Ramaphosa was sworn in as South Africa’s president on Saturday, vowing to create jobs and tackle deep-rooted corruption that has strangled economic growth.
Ramaphosa, who becomes the country’s fourth democratically elected president since the end of apartheid, took the presidential oath before a crowd of about 32,000 people in a rugby stadium in the capital, Pretoria.
“Today our nation enters a new era of hope and renewal,” said Ramaphosa, 66, wearing a dark suit and flanked by foreign leaders including Congolese President Felix Tshisekedi and Chinese Premier Li Keqiang.
“Let us forge a compact for growth and economic opportunities, for productive land and wider opportunities... A compact of an efficient, capable and ethical state. A state that is free from corruption,” said Ramaphosa, a former anti-apartheid activist and trade union leader who has wide-ranging business interests.
Ramaphosa’s African National Congress (ANC) clinched a 57.5% majority in a general election earlier in May, down from 62% in 2014 as voters turned against the ruling party due to revelations about government corruption and record unemployment.
Ramaphosa narrowly won the ANC leadership race in late 2017 and replaced scandal-plagued predecessor Jacob Zuma as state president in February 2018, a year before the latter’s term was due to expire.
Since then he has struggled to mend factions in the party opposed to his reform plans, especially at cash-strapped state power supplier Eskom.
His promises to punish party members accused of corruption have also stuttered.
The challenges facing Ramaphosa were highlighted on Friday by the resignation of Eskom’s chief executive, who quit only a year since he was appointed to stabilise the utility and keep the lights on after nationwide blackouts.
Also on Friday, S&P Global Ratings kept South Africa’s credit rating unchanged one notch below investment grade.

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