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South Africa's newly-minted president Cyril Ramaphosa vowed “a new dawn” as he pledged to tackle corruption and revive the stagnant economy in his State of the Nation address in Cape Town, on February 16, 2018. Photo: AFP

South Africa’s new president Cyril Ramaphosa vows to target graft and boost jobs in ‘new dawn’

In his first major speech after Zuma’s bruising nine-year term ended, Ramaphosa outlined a grand vision for South Africa

South Africa

South Africa’s newly appointed president, Cyril Ramaphosa, hailed “a new dawn” on Friday as he pledged to tackle the corruption that his predecessor Jacob Zuma is accused of fostering.

In his first major speech after Zuma’s bruising nine-year term ended, Ramaphosa outlined a grand vision to revive the stagnant economy, address dire unemployment and control spiralling government debt.

“We should put all the negativity that has dogged our country behind us because a new dawn is upon us and a wonderful dawn has arrived,” Ramaphosa told parliament in the annual State of the Nation address

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“Tough decisions have to be made to close our fiscal gap, stabilise our debt and restore our state-owned enterprises to health,” he said, adding “our most grave and most pressing challenge is youth unemployment.”

Musarurwa, 31, smiles while wearing a Cyril Ramaphosa t-shirt, prior to the State of the Nation address at the Parliament, in Cape Town, South Africa on 16 February 2018. Photo: EPA-EFE

In his first full day in office, Ramaphosa won loud applause and cheers from many ANC lawmakers who were fiercely loyal to Zuma throughout his turbulent and often divisive presidency.

Zuma was forced to resign on Wednesday after the ruling African National Congress (ANC) party turned against him, with pro-business reformist Ramaphosa sworn in as president on Thursday.

After multiple corruption scandals, economic slowdown and falling popularity with voters, the ANC had threatened to oust Zuma via a no-confidence vote in parliament.

Zuma resigned reluctantly, complaining he had received “very unfair” treatment from the party.

Opposition parties reacted warmly to Ramaphosa’s speech.

The liberal Democratic Alliance applauded business-friendly policies, and the radical opposition Economic Freedom Fighters cheered pro-black land redistribution plans.

“The last positive speech of this sort that I heard was in 1994 when Madiba spoke,” said Narend Singh, chief whip of the Inkatha Freedom Party, referring to Nelson Mandela.

“He’s returned faith in members of parliament – and in South Africans.”

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Ramaphosa, 65, is a former trade unionist who led talks to end apartheid in the early 1990s and then became a multimillionaire businessman before returning to politics.

South Africa's newly-minted president Cyril Ramaphosa reviews a guard of honour as he arrives to deliver his State of the Nation address at the Parliament in Cape Town, on February 16, 2018. Photo: AFP

Ahead of the speech, he told journalists he was “a little bit excited, expectant, a little apprehensive”.

Among the immediate challenges he faces are a gaping 50-billion-rand (US$4.3-billion/3.44-billion-euro) deficit, the threat of further credit rating downgrades, and 26.7 per cent unemployment.

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“We will be initiating measures to set the country on a new path of growth, employment and transformation,” he said, giving few policy details.

“We have to build further on the collaboration with business and labour to restore confidence and prevent an investment downgrade.”

Joseph Mabunda, a street vendor, watches South Africa's new President, Cyril Ramaphosa, addressing parliament on the television, in Katlehong east of Johannesburg, South Africa on February 16, 2018. Photo: AP

Eurasia Group analyst Darias Jonker predicted that Ramaphosawould remove many Zuma loyalists from the cabinet, but only after the budget speech on 21 February.

“[He] will also go after high-level corruption, particularly the Gupta family and their associates, which include members of the Zuma family. This campaign will greatly contribute towards restoring investor confidence,” Jonker said.

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The Guptas are a business family from India who formed allegedly improper ties to Zuma.

They are accused of receiving hugely favourable government deals and even influencing cabinet appointments.

Police on Thursday said an arrest warrant had been issued for one of the brothers, Ajay Gupta.