Crowds booed South African president Jacob Zuma on Saturday as pressure grew on Cyril Ramaphosa, the leader of the ruling party, to oust the current head of state over allegations of corruption.
Mr Zuma was booed as he sat alongside Kenyan President Uhuru Kenyatta to hear Mr Ramaphosa speak at celebrations to mark the 106th anniversary of the foundation of the ANC.
Mr Ramaphosa, who is widely expected to succeed Mr Zuma when his second presidential term expires in 2019, used his first major public speech as leader to promise a crack down on graft, appeal for party unity, and pledge to attract investors.
“South Africa is open for investment,” he told tens of thousands of cheering ANC members in a stadium in the Eastern Cape province on Saturday. Through foreign investment “we can grow our economy, create jobs, end poverty,” he said.
“We must have an economy that offers policy certainty and addresses areas that inhibit investment, growth as well as social inclusion.
Mr Ramaphosa narrowly won the race to succeed President Zuma as ANC leader last month.
South Africa’s economy has slowed to a near-standstill over Mr Zuma’s two presidential terms, as allegations of influence-peddling in government and mismanagement of state-owned enterprises have dented consumer and business confidence.
But Mr Ramaphosa’s election win has injected a sense of optimism that the ANC, which has governed South Africa since the end of apartheid in 1994, could win back the trust of voters and investors disillusioned with Zuma’s rule.
Mr Ramaphosa, 65, a former trade union leader and one of the country’s wealthiest businessmen, pledged during his campaign for ANC leader to address record unemployment and a sluggish economy.
Mr Ramaphosa reassured investors that the role, mandate and independence of the central bank would be maintained while plans for free higher education for the poor would be implemented gradually so as to safeguard public finances.
The ANC needs to follow the example of liberation hero Nelson Mandela to unite the country and combat the racial inequalities that persist to this day, he added.
Ramaphosa faces a difficult balancing act as he must accommodate the competing interests of rival ANC factions vying for control of the party. One faction backed his bid for ANC leader, while another favoured Nkosazana Dlamini-Zuma, a former cabinet minister and ex-wife of Mr Zuma.
There has been widespread speculation that Mr Ramaphosa and his allies are lobbying ANC members to oust Zuma as head of state in the coming weeks, but he made no mention of Zuma’s future.
Mr Zuma’s second presidential term doesn’t officially end until 2019 when national elections will be held, but he could be removed early through a motion of no confidence in parliament or at a meeting of the ANC’s national executive committee.
Mr Ramaphosa welcomed Mr Zuma’s recent announcement that there would be an inquiry into influence-peddling in government and said it was a top priority for those responsible to be prosecuted.
Mr Zuma has denied allegations that he has allowed his friends to influence the appointment of ministers. Ramaphosa said that corruption in the private sector was also an important issue.
ANC member Vanita Kok, from the Khoisan royal house, said Mr Ramaphosa’s message struck a chord because “corruption is rife”.
While markets have rallied since Mr Ramaphosa’s victory, some analysts are sceptical he will deliver on his bold promises.