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How Ramaphosa Plans to Fix S. Africa's Beleaguered Economy

  • ANC’s new leader targets 3% growth by 2018; 5% by 2023
  • New administration plans 1 million new jobs within five years
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Ramaphosa Narrowly Wins Presidency of S. Africa's ANC

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After winning a bruising battle for control of South Africa’s ruling party, Deputy President Cyril Ramaphosa now faces an even more daunting task: rebuilding an economy battered by years of misrule, corruption and the appointment of incompetent officials.

Ramaphosa has pledged to reignite growth, rebuild investor confidence and tackle a 28 percent unemployment rate. He’ll be the African National Congress’s presidential candidate in 2019 elections but could take over running the country even sooner should President Jacob Zuma make an early exit.