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    Taxing, Borrowing the Future Without Building: What has Nigeria’s fiscal authority done for the real sector?

     Tinubu at national premiere of MKO documentary

    Engineering Council backs IEEE CTU-EMEA Summit, APC Chairman Nentawe Yilwatda confirmed as Keynote

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Ramaphosa takes oath of office for 2nd term as South African president, vows to fight inequality

by Worldstage News
June 19, 2024
in Africa
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Cyril Ramaphosa, leader of South Africa’s ruling African National Congress (ANC), took oath as the nation’s president for the next five years on Wednesday at Pretoria, the administrative capital.

Ramaphosa, 71, was re-elected as South African president by the National Assembly on June 14 with 283 votes against the other nominee, Julius Malema from the Economic Freedom Fighters, who received 44 votes.

Under the South African Constitution, once elected as president by the National Assembly, the president-elect must assume office within five days.

In the general elections on May 29, the ANC secured 159 out of the 400 seats in the National Assembly.

This is the first time the ANC is falling below the 50 per cent needed to maintain its 30-year-old outright majority in the lower house of parliament.

TO FIGHT INEQUALITY

A weakened South African President Cyril Ramaphosa pledged on Wednesday that his new multi-party government would work to improve basic living conditions for all citizens as he was sworn in for a second term in office.

Ramaphosa’s African National Congress will share power with five other parties after it was humbled in a May 29 election, losing its parliamentary majority for the first time in 30 years of democracy.

The voters “have been unequivocal in expressing their disappointment and disapproval of our performance in some areas where we have failed them,” Ramaphosa said at his inauguration ceremony in the capital Pretoria.

He said the voters wanted everyone to have enough food, decent homes, clean water, affordable and uninterrupted electricity supply, well-maintained roads, good care for the sick and elderly, quality schools, and other basic services.

“Today, I stand before you as your humble servant to say we have heard you,” he said.

“In this moment we must choose to move forward, to close the distances between South Africans and to build a more equal society.”

The ANC remains the largest party after the election, followed by the pro-business Democratic Alliance, a critic of the ANC’s record in office which has agreed to join the new government.

While investors have welcomed the inclusion of the DA, which wants to boost growth through structural reforms and prudent fiscal policies, analysts say sharp ideological divisions between the parties could destabilise the government.

Just before the election, Ramaphosa signed into law a National Health Insurance bill that the DA says could collapse a creaking health system. It was unclear what would happen to that law under the new government.

The DA advocates scrapping the ANC’s flagship Black economic empowerment programme, saying it hasn’t worked — a highly contentious topic in a nation grappling with huge inequalities, some inherited from apartheid.

Ramaphosa has yet to announce his new government, to be negotiated with members of the new alliance.

A former liberation movement, the ANC came to power under Nelson Mandela’s leadership in the 1994 elections which marked the end of apartheid and had long been unbeatable.

However, it lost its shine after presiding over years of decline.

Weary of high levels of poverty and unemployment, rampant crime, rolling power cuts, and corruption in party ranks, voters punished the ANC, which lost millions of votes on May 29 compared with the previous election in 2019.

“Our society remains deeply unequal and highly polarised,” Ramaphosa said.

“We are divided between those who have jobs and those who do not work, between those who have the means to build and enjoy a comfortable life and those who do not.”

African heads of state and dignitaries from as far afield as Cuba, a historical friend of the ANC, gathered outside the Union Buildings in Pretoria, the seat of the South African government, to bear witness to Ramaphosa’s inauguration.

A ceremony full of military pomp and pageantry began with inter-faith prayers by Christian, Hindu, Muslim, Jewish, and traditional African religious leaders, reflecting the country’s diversity.

Military helicopters flew past in blazing sunshine, trailing South African flags, to cheers from the audience.

Tags: Cyril RamaphosaSouth Africa
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