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Cyril Ramaphosa is the New South African President

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  • Cyril Ramaphosa is the New South African President

South Africa’s 400-member parliament on Thursday elected Cyril Ramaphosa to complete Jacob Zuma’s term due to end in 2019 following series of financial scandals and misconducts.

South Africa’s ruling party, African National Congress had ordered president Jacob Zuma to resign on Tuesday, saying if he refused the order, a no-confidence vote in Parliament, likely to be supported by the opposition will force him out of the office.

With zero party protection, the embattled president finally announced his resignation on Wednesday, saying he was resigning even though he disagreed with the ANC’s decision ordering him to do so.

A banner bearing a portrait of Cyril Ramaphosa, the A.N.C. leader, at the party’s anniversary celebration last month. Credit Mujahid Safodien

A banner bearing a portrait of Cyril Ramaphosa, the A.N.C. leader, at the party’s anniversary celebration last month. Credit Mujahid Safodien

“I have therefore come to the decision to resign as president of the Republic with immediate effect, even though I disagree with the decision of the leadership of my organization,” he said at the end of a lengthy address on television. “I have always been a disciplined member of the A.N.C.”

Mr. Zuma trouble started in December when his choice of successor, Nkosazana Dlamini-Zuma, a veteran politician lost to Mr. Ramaphosa by a slight margin.

Party reformers who can’t wait for a new leader devoid of Zuma’s influence, considered Ramaphosa emergence as the new leader a victory. Same as the economy where business confidence had plummeted and investors were uncertain of South Africa’s economic direction under Jacob Zuma’s leadership. Since Ramaphosa victory in December, business confidence has surged significantly, with the Rand gaining against most currencies.

Fighting back, Mr. Zuma’s supporters had argued he should be allowed to complete his term but most party members insisted on early exit, saying Mr. Ramaphosa needs time to rebuild the party and woo back voters that deserted the party, due to Zuma’s corruption allegations, ahead of 2019 national election.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Government

#EndSARS Protesters Kill as Security Operatives Open Fire at Lekki Toll Gate

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Security Operatives Open Fire on #EndSARS Protesters at Lekki Toll Gate

Nigerian security operatives deployed to Lekki Toll Gate following the announcement of a 24-hour curfew by Lagos State Governor, Babajide Sanwo-Olu, opened fire on peaceful protesters on Tuesday, October 20, 2020.

According to numerous accounts of protesters, the army started shooting even before the curfew announced to commence by 9 pm on Tuesday.

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Lagos Imposes 24 Hour Curfew as #EndSARS Protest Turns Violent

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Sanwo-Olu Imposes 24 Hour Curfew in Lagos as Hoodlums Hijacked #EndSARS Protests

The Executive Governor of Lagos, Babajide Sanwo-Olu, on Tuesday, imposed a 24-hour curfew on all parts of the state as peaceful #EndSARS protest turned violence amid the destruction of properties and lives.

In a statement released by the governor through his official Twitter account @jidesanwoolu, the governor said “I have watched with shock how what began as a peaceful #EndSARS protest has degenerated into a monster that is threatening the well-being of our society.

“Lives and limbs have been lost as criminals and miscreants are now hiding under the umbrella of these protests to unleash mayhem on our state. As a government that is alive to its responsibility and has shown a commitment to the movement #ENDSARS, we will not watch and allow anarchy in our dear state.”

“I, therefore, hereby impose a 24-hour curfew on all parts of the State as from 4pm today, 20th October,2020. Nobody, except essential service providers and first responders must be found on the streets.”

This was after reports of numerous attacks and destruction of properties by certain elements that the Nigerian youths claimed were sponsored by politicians to disrupt their agitation and invalidate the entire protest.

On Monday, prisoners were freed in Benin, Edo State by unknown individuals either sponsored by politicians or part of the protesters that gone rogue or with different agenda.

In Abuja, a group of thugs (sponsored or not) burnt several vehicles claimed to be parked by peaceful protesters while in Lagos, the story is not different as unscrupulous elements have been stealing and attacking people.

With a 24-hour curfew now in place in Lagos and Edo States, the youths agitating may be forced to eventually meet with the government to discuss their demands and implementation methodology.

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Buhari Bows to Pressure, Overhauls Murderous Police Unit, SARS

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FG, NPF Dissolve SARS Amid Nationwide Protests

President Muhammadu Buhari has finally bowed to pressure to disband the murderous Special Anti-Robbery Squad (SARS) unit of the Nigeria Police Force (NPF).

In a statement released on Sunday, Mohammed Adamu, Nigeria’s Inspector General of Police, said the Special Anti-Robbery Squad unit had been abolished “with immediate effect”. He, however, said SARS officers would be redeployed to other police units, formations and commands that the Nigerian people are saying also needs reform.

 

This was after President Buhari had said he met with the Inspector General of Police on Saturday to discuss reform of the UNIT against a complete overhaul being pushed by millions of harassed, dehumanised and disrespected Nigerian youths.

The statement further aggravated Nigerian youths, who encouraged Nigerians abroad to stage protests across the nation’s embassies in a move to draw international media and organisations to the plight of youths in Africa’s largest economy. Sensing chaos amid expected economic recession in the third quarter, President Buhari and the Nigeria Police Force quickly dissolved the murderous anti-robbery squad to force decorum and calm millions of angry Nigerian youths.

Nigerian youths, both celebrities, influencers and regular people, have used their social media backed with action to compel the Nigerian government, known for blatant disrespect, disregard and the use of counter-protests to suppress and discredit dissenting voice, to finally put to an end a police unit that has killed several youths for owning an iPhone, having a laptop, driving a car or even looking good.

This is a win for the Nigerian youths and sent a strong message to the leaders that youths will no longer tolerate their excesses and henceforth would be demanding accountability, transparency and the right implementation of the rule of law regardless of class, status or position.

To the youths, it validated what the majority have been clamouring for, UNITY that transcends tribes and religions. If Nigerian youths stick together and continue to demand change in one voice with civil disobedience, we will eventually have a Nigeria we all can be proud of.

Congratulations to US!.

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