Ramaphosa Faces Challenge to Rejuvenate South Africa After Zuma
- Markets cheer Zuma’s exit and await Ramaphosa’s policies
- Shakeup will give ANC time to rebuild ahead of 2019 elections
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Cyril Ramaphosa faces a tough road ahead as South Africa’s new president after Jacob Zuma’s resignation late Wednesday ended nine years of his scandal-marred administration.
Ramaphosa remains acting president until his expected election in parliament later Thursday in Cape Town and swearing in by the chief justice. Groups of people gathered in the streets of the country’s cities celebrating the possibility that South Africa may regain its reputation as “the rainbow nation” that was so tarnished in the Zuma era, while markets cheered the transition of power.