Breaking: Cyril Ramaphosa wins ANC Presidency, beats Dhlamini-Zuma

South Africa's current deputy President, Cyril Ramaphosa.
File: South Africa's current President, Cyril Ramaphosa.

Johannesburg – Cyril Ramaphosa has been declared the new President of the African National Congress, after beatng Nkosazana Dlamini-Zuma in a very tightly contested election held during the 54th elective congress of the ANC.

Ramaphosa replaces the current President of the Republic of South Africa, and now the former ANC President, Jacob Zuma, who had supported his former wife’s bid for the top job.

Following the announcement the country’s currency gained strength by more than 2%, reaching a 5 month high, amid indications it will grow stronger.

David Mabuza was elected as the new deputy President, narrowly beating ANC icon Lindiwe Sisulu.

Gwede Mantashe, the former Secretary General was voted as the new national chairperson, narrowly beating Nathi Muthethwa, a fierce Zuma ally.

Another Zuma ally Nkhoana-Mashabane was defeated in the position of Treasurer General.