Economics

Mandela's Chosen Heir Ramaphosa Takes Power in South Africa

  • Mandela favored Ramaphosa to succeed him as president in 1999
  • President will confront huge challenges: economist Ashbourne

Nedbank CEO Says Ramaphosa Facing 'Enormous Hurdles'

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He’s been dubbed over the years as the best leader South Africa never had.

After missing out two decades ago on becoming president, as Nelson Mandela had hoped he would be, Cyril Ramaphosa, 65, finally took power a day after Jacob Zuma resigned following 10 days of sustained pressure from the ruling African National Congress.