The Rand has seen steady improvement as speculation of the ANC election results grew. The result of this election could determine the future of South-African economics
For an introduction into the ANC electorate, read here:
https://steemit.com/news/@dracosalieri/south-africa-s-future-up-for-grabs-the-anc-electorate
President of the ANC
The new president of the ANC is Cyril Ramaphosa (CR). This does not automatically make him the South-African President. Jacob Zuma will still finish his term in 2019 but with the previous precedent set, an early recall and interim President is possible.
Deputy President
The new president of the ANC is David Mabuza, replacing CR.
National Chairperson
Gwede Mantashe moves over to this position from being Secretary General.
Secretary-General
Ace Magashule, current premier of the Free State.
Deputy Secretary-General
Jessie Duarte retains her position.
Treasurer General
Paul Mashatile gains the position. Serves as Member of the Executive Council for Human Settlements and Co-operative Governance.
How does this affect the country?
With Cyril Ramaphosa in charge of the ANC, it will be very interesting to see how the policy will change and be shaped within the ANC. There is also a call for Ramaphosa to recall Jacob Zuma as president. Of the two candidates, Cyril Ramaphosa is certainly the candidate that is more likely to succeed in lifting South-Africa out of the economic crisis we are facing.
That said, On Friday, Jacob Zuma declared ahead of the conference that higher education will be free for the majority of people. This was done to help reinforce the platform that Nkosazana Dlamini-Zuma was campaigning on. The reality is though, that South-Africa is not in a position to be able to afford this, leaving a nice mess for Ramaphosa to clean up...
