The Leadership of the Federation of Unions of South Africa (FEDUSA) extends its well wishes
and congratulates Deputy President Matamela Cyril Ramaphosa on his successful election as
the new President of the African National Congress (ANC), following the 54th Elective Conference at the NASREC Expo in Johannesburg, where some 4,700 delegates cast their ballots. Comrade Cyril is a South African politician, businessman, activist, and trade union leader who has served as the Deputy President of South Africa under President Jacob Zuma since 2014.
The news of Ramaphosa’s election comes as a relief to restore much needed confidence in both the political and economic stability of the country, said FEDUSA General Secretary, Dennis George. The federation anticipates that this much needed early Xmas present will go a long way in the restoration of investor confidence, strengthen the currency and ward off all possible considerations of a downgrade by ratings agencies, who have closely monitored the situation with bated breath.FEDUSA believes the Ramaphosa’s influential leadership as part of the Team SA initiative in particular, will now have to realise its true potential by translating the full outcome of the inclusive economic growth trajectory that was envisioned by the Government, Business and Labour social partners.
This is certainly an opportune time for Ramaphosa to rise to the occasion by demonstrating his ability to reshape and formalise a renewed outlook for South Africa’s financial markets and the economy overall,” emphasised George.
The hard work starts now as the employment and growth projections outlined in the National Development Plan (NDP) require unconditional commitment, as its current standing remains a far cry from reality. FEDUSA certainly looks forward to its continued relations with the Presidency, in order to drive inclusive economic growth and the realisation of Decent Work and Decent Life for All.