South Africa's new President Cyril Ramaphosa is preparing to give his first state of the nation address to a country with high expectations as he vows to curb corruption that flourished under his predecessor.
Ramaphosa, elected by ruling party lawmakers yesterday, returns to parliament this evening to deliver the speech amid speculation that he might reshuffle his Cabinet to remove ministers associated with alleged graft at state-owned enterprises under Jacob Zuma.
The South African currency, the rand, has strengthened against the dollar since Ramaphosas ascent, but the new president faces the long-term problem of sluggish economic growth and unemployment of over 25 per cent. Zuma resigned Wednesday, opening the way for Ramaphosa to become South Africa's fifth president since the end of white minority rule in 1994.
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