South Africa: Ramaphosa elected as the new ANC President - BBH

In a close race, market favorite Cyril Ramaphosa was elected as the new ANC President over opponent Nkosazana Dlamini-Zuma, notes the research team at BBH.  

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“If the ANC wins the 2019 elections, he would then become President of South Africa.  The vote was 52-48% in favor of Ramaphosa, and the outcome dealt a serious blow to President Zuma.  In a note of caution, three of the six officials elected to the ANC’s governing body are Zuma supporters and so Ramaphosa may not see smooth sailing at the top.”