South African Elections: Ramaphosa Reelected as President – Bloomberg

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South Africa Election:
Cyril Ramaphosa during his swearing in as a lawmaker in the National Assembly.
Cyril Ramaphosa was reelected as South Africa’s president, hours after his African National Congress agreed a power-sharing deal with business-friendly opposition parties.
Ramaphosa won 283 of the votes cast by members of National Assembly on Friday night, and Economic Freedom Fighters leader Julius Malema 44. Parties including the Democratic Alliance and Inkatha Freedom Party supported the incumbent’s candidacy for another five-year term, and in exchange will be allocated cabinet posts and key positions in the legislature.

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