Zuma sworn in as South African president

By Agnieszka Flak and Serena Chaudhry

PRETORIA (Reuters) - Jacob Zuma was sworn in as South African president on Saturday after a remarkable political comeback and quickly highlighted the challenges faced by the continent's largest economy.

The prospect of the former guerrilla becoming the nation's fourth head of state since the end of apartheid was unthinkable when he was nearly ruined by graft and rape charges, crises that might have buried many politicians.

Promising to help South Africans realise their dreams, Zuma, 67, took a sober view of the country's economy which may already be in its first recession in 17 years.

"We must acknowledge that we find ourselves in difficult economic times. Jobs are being lost in every economy across the world," the ANC leader said in his inauguration speech.

"We will not be spared the negative impact and are beginning to feel the pinch."

Former president Nelson Mandela, like Zuma imprisoned on Robben Island under white rule, gave his seal of approval to the country's new leader by attending the ceremony.

Air force jets flew over the presidential offices where Zuma will have to make tough decisions after winning a strong mandate thanks to the ruling ANC's landslide poll victory on April 22.

ANC supporters in Zuma T-shirts, dresses and hats, danced in circles and shouted hymns. Some held up copies of newspaper headlines on placards which read "Zoom. Zoom. Zuma."