South Africa's new president vows to fight corruption

WATCH: President Ramaphosa takes oath of office

"We should put behind us the era of diminishing trust in public institutions and weakened confidence in our country's public leaders", Mr Ramaphosa said on Friday in the annual state of the nation address to parliament. "It is a new dawn that..."

Ramaphosa said expropriation should not affect production and jobs, as the agricultural sector made the largest contribution to economic growth in the second and third quarters of a year ago.

He said a commission of inquiry recently appointed to investigate cases of alleged influence peddling in government by prominent businessmen would commence soon.

"Tough decisions have to be made to close our fiscal gap, stabilise our debt and restore our state-owned enterprises to health", said Ramaphosa in his speech, adding that the creation of jobs was a priority in his agenda for 2018. Zuma denies all wrongdoing. But police raided the Guptas' Johannesburg home this week.

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MPs booed as Mr Ramaphosa thanked Mr Zuma for "the manner in which he approached this very hard and sensitive [resignation] process". Ramaphosa has promised to fight graft, though he faces the hard task of rejuvenating a ruling party whose leaders had supported Zuma for years before finally turning against him. Zuma had been unable to give the speech because of the leadership crisis.

The new president will also deliver the postponed state of the nation address on Friday evening.

"We are determined that expropriation without compensation should be implemented in a way that increases agricultural production, improves food security and ensure that the land is returned to those from whom it was taken under colonialism and apartheid". A controversial government charter for the sector will be revisited, he said.

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