South African Rand Soars as Ramaphosa is Elected President Of ANC

in #south • 6 years ago (edited)

Ramaphosa victory threatens President Jacob Zuma’s grip on power after the most divisive vote in the party’s history. He won with 2240 votes to take the leadership of the ANC party. Ramaphosa, the deputy president, defeated Nkosazana Dlamini-Zuma, Zuma’s former wife, whom the president had backed. As the FT notes, it is widely speculated that Mr Zuma lent Ms Dlamini-Zuma his support because he believed that as state president she would protect him from prosecution in a corruption case.

#africa #election #anc #rand
6 years ago in #south by
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