Dubai Telegraph - S.Africa's Ramaphosa vows 'decisive steps' to stem graft

EUR -
AED 4.09891
AFN 77.000743
ALL 99.421038
AMD 432.709522
ANG 2.014168
AOA 1036.161206
ARS 1074.372779
AUD 1.63902
AWG 2.008713
AZN 1.892529
BAM 1.956723
BBD 2.256485
BDT 133.554215
BGN 1.9648
BHD 0.420506
BIF 3229.563839
BMD 1.115952
BND 1.443094
BOB 7.722713
BRL 6.054487
BSD 1.117637
BTN 93.468734
BWP 14.703291
BYN 3.657459
BYR 21872.650742
BZD 2.252673
CAD 1.513738
CDF 3203.896851
CHF 0.94626
CLF 0.037647
CLP 1038.794656
CNY 7.887576
CNH 7.893003
COP 4648.217271
CRC 578.908317
CUC 1.115952
CUP 29.572717
CVE 110.757872
CZK 25.101324
DJF 198.32694
DKK 7.460585
DOP 67.177415
DZD 147.687163
EGP 54.165053
ERN 16.739274
ETB 131.123383
FJD 2.454868
FKP 0.849863
GBP 0.840607
GEL 3.047018
GGP 0.849863
GHS 17.515096
GIP 0.849863
GMD 76.437869
GNF 9655.77257
GTQ 8.639154
GYD 233.744111
HKD 8.697659
HNL 27.8426
HRK 7.587367
HTG 147.280815
HUF 394.493357
IDR 16964.863137
ILS 4.184785
IMP 0.849863
INR 93.303427
IQD 1461.896555
IRR 46973.192466
ISK 152.330631
JEP 0.849863
JMD 175.58285
JOD 0.790877
JPY 159.429268
KES 143.957565
KGS 94.046768
KHR 4541.922966
KMF 492.525074
KPW 1004.355779
KRW 1483.138649
KWD 0.340298
KYD 0.931235
KZT 535.202589
LAK 24645.790031
LBP 99618.896173
LKR 340.193571
LRD 216.77315
LSL 19.533359
LTL 3.295115
LVL 0.675027
LYD 5.295174
MAD 10.819142
MDL 19.500017
MGA 5083.159551
MKD 61.600735
MMK 3624.567164
MNT 3792.00338
MOP 8.970728
MRU 44.319988
MUR 51.188974
MVR 17.141333
MWK 1937.291581
MXN 21.557065
MYR 4.702602
MZN 71.253242
NAD 19.531837
NGN 1830.518009
NIO 41.033592
NOK 11.722223
NPR 149.567915
NZD 1.789962
OMR 0.429598
PAB 1.117637
PEN 4.179206
PGK 4.368062
PHP 62.005593
PKR 310.34939
PLN 4.277191
PYG 8724.194741
QAR 4.062342
RON 4.97446
RSD 117.073885
RUB 102.864693
RWF 1497.607005
SAR 4.187662
SBD 9.27014
SCR 15.202634
SDG 671.245006
SEK 11.344251
SGD 1.442485
SHP 0.849863
SLE 25.496483
SLL 23400.940677
SOS 637.208205
SRD 33.314523
STD 23097.94437
SVC 9.778614
SYP 2803.861723
SZL 19.532173
THB 36.971243
TJS 11.878474
TMT 3.90583
TND 3.374631
TOP 2.622262
TRY 38.03529
TTD 7.595733
TWD 35.468847
TZS 3040.967693
UAH 46.312453
UGX 4149.995388
USD 1.115952
UYU 45.911664
UZS 14211.64293
VEF 4042593.182683
VES 41.017307
VND 27430.089553
VUV 132.488012
WST 3.121833
XAF 656.290198
XAG 0.036273
XAU 0.000431
XCD 3.015915
XDR 0.828298
XOF 655.623781
XPF 119.331742
YER 279.350564
ZAR 19.539748
ZMK 10044.903741
ZMW 29.084593
ZWL 359.33595
  • RBGPF

    3.5000

    60.5

    +5.79%

  • RYCEF

    0.4000

    6.95

    +5.76%

  • RIO

    2.2700

    65.18

    +3.48%

  • BP

    0.3300

    32.76

    +1.01%

  • BTI

    -0.3100

    37.57

    -0.83%

  • CMSC

    0.0650

    25.12

    +0.26%

  • SCS

    -0.8000

    13.31

    -6.01%

  • GSK

    -0.8100

    41.62

    -1.95%

  • NGG

    -1.2200

    68.83

    -1.77%

  • RELX

    0.7600

    48.13

    +1.58%

  • AZN

    0.3200

    78.9

    +0.41%

  • VOD

    -0.1700

    10.06

    -1.69%

  • CMSD

    0.0300

    25.01

    +0.12%

  • BCC

    7.6300

    144.69

    +5.27%

  • BCE

    -0.4200

    35.19

    -1.19%

  • JRI

    -0.0400

    13.4

    -0.3%

S.Africa's Ramaphosa vows 'decisive steps' to stem graft
S.Africa's Ramaphosa vows 'decisive steps' to stem graft

S.Africa's Ramaphosa vows 'decisive steps' to stem graft

South African President Cyril Ramaphosa delivered a state of the nation address on Thursday promising "decisive" action to stem corruption, as he faces demands for a plan to reverse widening disillusionment with his government.

Text size:

State corruption, a flagging economy, staggering unemployment, rampant crime and last year's riots topped a long list of woes facing the former union activist-turned-tycoon.

"The fight against corruption will take on a new intensity," Ramaphosa said in his first state of the nation address since receiving a report containing damning allegations of how his predecessor Jacob Zuma sold control of the state to wealthy individuals and companies.

The massive corruption and cronyism under Zuma, which South Africans call "state capture", has been laid out in a series of investigative reports since January.

After a years-long investigation, Constitutional Court judge Raymond Zondo has released more than 1,400 pages of findings -- with more still to come.

Zuma was sent to prison in July after he refused to testify to Zondo's commission. His jailing sparked looting and riots that left more than 350 dead, the worst violence the country has seen since the end of apartheid.

Ramaphosa said he will present a plan of action before June 30 in response to the graft report.

"My responsibility is to ensure that the... report is properly and carefully considered and then acted upon," he said.

"While we have taken decisive steps to end the era of state capture, we know that the fight against corruption is far from over," he said.

- Parliament fire 'symbolic' -

Ramaphosa delivered his annual speech from Cape Town's city hall instead of where it is normally given in the nation's parliament building, which was gutted by a fire set by an arsonist on January 2.

Ramaphosa said the parliament fire symbolised "a broader devastation in our land".

"The fire was symbolic of the devastation caused by the Covid-19 pandemic, by rising unemployment and deepening poverty".

He also said the fire "reminded us of the destruction, violence and looting" the country had seen.

The economy, already battered by two years of strict Covid-19 restrictions, took another hit and unemployment increased to a record of 34.9 percent at the end last year -- up from 30.8 percent a year earlier.

Among young people, the unemployment rate is a stratospheric 64.4 percent.

Ramaphosa said his government had set itself "100 days to finalise a comprehensive social compact to grow our economy, create jobs and combat hunger".

He also said the government intended to end the national state of disaster imposed nearly two years ago at the onset of the pandemic, "as soon" as some legislation was finalised.

"As the trajectory of the pandemic has continued to change, we have had to adapt and evolve," he said.

- ANC bust-up -

In light of a recent report on last July's riots which laid the blame on his African National Congress (ANC) party as well as the ineptness of his government, Ramaphosa said it would accept the blame.

"The expert panel found that cabinet must take overall responsibility for the events of July 2021. This is a responsibility that we acknowledge and accept," he said.

The report said the ANC party's rifts were so bad that the squabbles were fuelling the risk of turbulence in the country.

"What appears to be factional battles in the African National Congress have become a serious source of instability in the country," said the report, which was made public this week.

If Ramaphosa wants to retain his office, he will need to ask the ANC, in power since the advent of democracy in 1994, to re-elect him at its internal party conference this year.

G.Gopinath--DT