Africa's Ramaphosa: Land Expropriation Won't Be 'Smash and Grab'

PICS: Ramaphosa's walk attracts scores

Bonds track slightly softer rand as focus remains on budget speech

The first target is likely going to be the Finance Minister Malusi Gigaba, whose removal MPs have been clamouring for in the run-up to the budget speech.

Mr Ramaphosa was the only candidate nominated for election after two opposition parties said they would not participate.

We need to drive growth in this country.We are struggling along the way in 2017. Wesgro also welcomes Ramaphosa's focus on tourism - a key sector that has enormous potential to boost growth and create jobs.

Ramaphosa has said he is considering a cabinet reshuffle after replacing Zuma.

This year's challenge proceeds will be donated to the Cyril Ramaphosa Foundation, which will in-turn distribute funds to deserving charities.

For Economist Ken Swettenham the Southern African nation needs economic stability. "We will hold you accountable and I will see you in 2019 on the ballot box", Mr Maimane said.

Kia Motors India to begin production by mid
Kia Motors India will soon start recruiting the 3000 employees needed to operate the plant. South Korean vehicle manufacturer Kia Motors is investing around $1 billion to set up a.

Wesgro CEO, Tim Harris welcomed this announcement and hoped that President Ramaphosa would consider hosting it in Cape Town - Africa's leading conferencing destination: "Cape Town and the Western Cape would be excited to host the proposed investor conference, and Wesgro is looking forward to participating, in line with our mandate to promote investment into the Western Cape".

President Ramaphosa will have to find sources of income while drastically reducing state spending, while he has committed himself to respect one of the most expensive commitments of his predecessor, namely free education higher education for students from disadvantaged families.

Among his immediate priorities, he cited youth employment, whose unemployment rate is close to 50%.

The new South African President, Mr Cyril Ramaphosa, a successful businessman, has pledged to prioritise the fight against corruption as well as boost the country's economy within the months.

He has had to delay the announcement of the new Cabinet, which he promised "would be announced by the president at an appropriate time".

The rand should remain range-bound until any political news was announced due to the absence of major data releases‚ said TreasuryOne currency dealer Phillip Pearce.

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