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Ramaphosa Re-elected South African President After Striking Deal with Opposition

Cyril Ramaphosa reacts after being reelected. Xinhua / Alamy Stock Photo.
  • Power-sharing arrangement alleviates investor concerns over radical left coalition
  • South African rand strengthens following the announcement

Johannesburg, South Africa – Cyril Ramaphosa has been re-elected as South Africa’s president after two intense weeks of negotiations, following the African National Congress (ANC)’s failure to achieve a majority in the nation’s seventh democratic election.

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