He was the only
candidate nominated in parliament on Thursday so no vote was needed to make him
president. MPs from the ruling African National Congress broke into song at the
announcement.
In
a speech to parliament Mr Ramaphosa, 65, said that corruption was on his radar.
The
ANC had told Mr Zuma to step down or face a vote of no-confidence.
In
a televised statement he said he was quitting with immediate effect but said he
disagreed with his party's decision.
Mr
Zuma faces numerous corruption allegations but denies any wrongdoing.
One opposition party, the Economic Freedom
Fighters, walked out of the parliamentary debate. It wants new elections,
rather than the ANC deciding on the identity of the new president.
t is often said that
Mr Ramaphosa has had his eye on the position of president since the ANC came to
power in 1994.
The
story goes that he was so upset at not having been chosen by Nelson Mandela as
his successor that he left politics and went into business.
But
Mr Ramaphosa has now finally realised that dream.
He
has said his priority is reviving South Africa's battered economy. But it won't
be easy: Unemployment is currently at almost 30%, a rate which rises to nearly
40% for young people.
Low
growth rates and dwindling investor confidence were compounded by two credit
agencies downgrading the economy to junk status.
One
of the first steps in improving that investor confidence is addressing the
persistent claims of corruption at the heart of government.
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