Earlier, Ramaphosa was the chairman of the national planning commission that produced the National Development Plan, the country's blue print for growth towards 2030.
After failing to clinch the ANC nomination to succeed President Nelson Mandela in 1999, Ramaphosa shifted into business that made him one of the wealthiest people in Africa.
He had founded one of the biggest and most powerful trade unions in the country known as the National Union of Mineworkers.
Ramaphosa became a Member of Parliament after the first democratic elections in 1994 and also played a key role in drafting the country's constitution as he was elected chairperson of the Constitutional Assembly. (ANI)