Cyril Ramaphosa wins ANC presidential race
After almost two decades of waiting, Cyril Ramaphosa has finally made it to the top spot in the ANC
After almost two decades of waiting, Cyril Ramaphosa has finally made it to the top spot in the ANC. He beat his opponent, former African Union Commission chairperson Nkosazana Dlamini-Zuma. The result was close: Ramaphosa won 2,440 of the 4,708 votes cast, against Dlamini-Zuma's 2,261. The 4,708 votes cast represented 99% of the 4,776 credentials adopted. The rand was quoted at R12.57/$ immediately after the announcement, from a previous close of R12.96. The currency, which had enjoyed a “Ramaphosa rally” in the run-up to the elective conference, strengthened considerably in the hour before the announcement. From a level of R12.80/$ at 5.32pm, it reached a best level of R12.52 in the moments before the announcement shortly before 7pm. Mpumalanga chairman David Mabuza was elected deputy president of the party. Long road Ramaphosa was elected the ANC’s secretary-general in 1991 and was head of the party’s negotiations commission at the Convention for a Democratic SA (Codesa). The fo...
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