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Deputy president Cyril Ramaphosa was elected president of the African National Congress (ANC) on 18 December, beating rival Nkosazana Dlamini-Zuma by only 179 votes, having received 2,449 votes from delegates at the ANC conference held at Kimberley in the Northern Cape. His election saw the value of the rand increase and will be welcomed by many businesses in South Africa, but it remains to be seen how Ramaphosa will deal with President Jacob Zuma, whose role in the state capture scandal has rocked the nation and its economy for the past year