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World Business Report: First broadcast 2017/12/18 22:32 GMT: South Africa's ANC Picks Ramaphosa As Leader

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First broadcast 2017/12/18 22:32 GMT

First broadcast 2017/12/18 22:32 GMT: South Africa's ANC Picks Ramaphosa As Leader

South Africa's ANC Picks Ramaphosa As Leader

BBC World Service - World Business Report, South Africa's ANC Picks Ramaphosa As Leader

The African National Congress chose Cyril Ramaphosa to succeed President Jacob Zuma

The African National Congress chose Cyril Ramaphosa to succeed President Jacob Zuma as party leader

South Africa's ruling African National Congress (ANC) has selected Cyril Ramaphosa to succeed President Jacob Zuma as the party's leader. Lerato Mbele takes a look at what the decision might mean for the countries economy. 

Also on the programme, we hear about another record breaking day on Wall Street, and get reaction to President Trump's warning that the US faces an unprecedented threat militarily and economically from China and Russia. 
The European Commission has launched an inquiry to determine whether the Swedish furniture giant Ikea is avoiding tax, and we have a report from Taiwan on efforts to improve the image of tea drinking among the country's young.

(Picture: Cyril Ramaphosa hugs defeated fellow leadership candidate Nkosazana Dlamini-Zuma. Credit: EPA.)

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First broadcast 2017/12/18 22:32 GMT: South Africa's ANC Picks Ramaphosa As Leader

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