South Africa‘s Cyril Ramaphosa was re-elected this week despite the failure of his ruling African National Congress (ANC) party to get a grip on the economy and corruption. The former union leader turned business magnate has promised to create jobs and continue to fight corruption. He needed a resounding victory to unite a party that has been deeply divided since the ousting of scandal-plagued Jacob Zuma a year ago.
Unemployment is at a 15-year high of 27.1 percent and youth unemployment is at the highest level globally at 54.7 percent. Ramaphosa has pledged to create 275,000 jobs a year but that can only happen if the economy is expanding at a rate of about 5 percent.
The economy grew just 0.8 percent in 2018 after