President Ramaphosa promises #newdawn for SA at #Inauguration2019

Published May 25, 2019

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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 at Loftus Versveld stadium in 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.

The 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.

The economy is set for a first quarter contraction after

mining and manufacturing weakened, prompting the central bank to

cut its 2019 growth forecast to 1%, well below the rate of at

least 3% needed to bring down debt, budget deficits and

joblessness.

"The challenges our country faces are huge and are real but

they are not insurmountable. They can be solved and I stand here

to say they are going to be solved," Ramaphosa said in his

speech on Saturday.

Many in the crowd at Loftus were

optimistic.

"I love my president Cyril Ramaphosa. I know that as long as

we have him here he is going to give us jobs and change many

things," said Patience Shabangu, 45, a volunteer at a local

clinic.

Political analysts say a key test of Ramaphosa's ability to

deliver reforms will be his announcement of new cabinet, which

is expected to take place next week.

"The speech was an honest and brutal reflection of South

Africa's recent problems. But it was also optimistic," said

Daniel Silke, director of the Political Futures Consultancy.

"He will be judged on a very high bar and the next step is

the cabinet. If it contains any semblance of the dead wood from

the past he will be severely critiqued," Silke added. 

Reuters