On 18 December 2017, Cyril Ramaphosa was elected to succeed Zuma as President of the ANC at the ANC Conference at Nasrec, Johannesburg. Subsequent months saw growing pressure on Zuma to resign as President of South Africa, culminating in the ANC "recalling" him as President of South Africa. Facing a motion of no confidence in parliament, Zuma announced his resignation on 14 February 2018, and was succeeded by Ramaphosa the next day. In October 2019, Ramaphosa stated that corruption under Zuma had cost South Africa more than R500Bn.