Ramaphosa

Ramaphosa Sworn In: A New Era for South Africa

Investors cheer as Cyril Ramaphosa takes oath for a second term amidst a political shift. Find out more about his promises and the power-sharing agreement in this exciting read! #Ramaphosa #SouthAfrica #NewEra

Cyril Ramaphosa, the leader of South Africa's African National Congress (ANC), has been sworn in for a second term as president, signaling a new era for the country. Investors celebrated as the Rand and equities rose following the power-sharing agreement between the ANC and the Democratic Alliance. Despite the ANC failing to secure a majority in parliament, Ramaphosa remains determined to lead the nation towards progress and equality.

During the colorful ceremony in Pretoria, attended by African royalty and dignitaries, Ramaphosa emphasized his commitment to fighting inequality in South Africa. With a weakened party, he is set to appoint a cabinet featuring both ANC members and coalition partners, ushering in a period of unity government.

As Ramaphosa takes his oath of office for the second time, he warns of the challenges ahead, mentioning 'toxic cleavages' that need to be addressed in the country. The president's focus on unity and inclusivity marks a significant shift in South Africa's political landscape, highlighting the need for cooperation and reconciliation.

In a historic move, Cyril Ramaphosa begins his second term amidst a power-sharing agreement, symbolizing a new chapter in South Africa's governance. His determination to fight inequality and address societal divisions sets a promising tone for his leadership. The coalition government, comprising a mix of parties, reflects the changing dynamics in the country's politics, signaling a shift towards cooperation and mutual understanding.