Cyril Ramaphosa
CAPE TOWN - As the results of the ANC’s 54th national conference are revealed, we see Deputy President, Cyril Ramaphosa chosen to lead and ensure the ANC mandate is fulfilled.

Read also: Rand cheers at Ramaphosa's victory

Jacob Zuma, who faces accusations that have damaged the ANC's stature has been the head of state since 2009 and ANC leader since 2007, stepped down to make way for the new leader.

However, during his final speech, Zuma blamed everyone including the alliance partners , ANC Veteran's League , the media, private sector and civil society for the problems in the party.

The conference was held at NASREC, Johannesburg and the ANC said that 4,776 delegates who took to the vote.

The voting process only started in the early hours of Monday, with Gauteng being the last province to cast its vote.

Respectively, It was a head-to-head battle between presidential candidates Cyril Ramaphosa and Nkosazana Dlamini-Zuma, with Ramaphosa clinching a narrow win.


Here are what financial analysts had to say about the results:

 

 

 

 

 

 

 

- BUSINESS REPORT ONLINE