Economists set out Ramaphosa’s priorities after poll
A credible cabinet and restoration of business and consumer confidence seen as crucial to economic recovery
With voting complete, attention will now turn to President Cyril Ramaphosa’s top priorities should the ANC win the election. In the lead-up to elections, there was little movement on key challenges such as the restructuring of Eskom, which received an emergency bailout in April, while elements within the ANC have been making potentially damaging statements about the ownership of the Reserve Bank. The consensus among analysts and institutions is that the elections would give Ramaphosa room to make headway with structural reforms that encourage investment, which will bring about higher economic growth. The first task for Ramaphosa will be to appoint a credible cabinet. While analysts aren’t expecting too many changes, this will be Ramaphosa’s first big test. A reshuffle that elevates more of Ramaphosa’s allies would be a sign that he has won over some of his critics, Capital Economics economist John Ashbourne said. “The replacement of Zuma-era appointees with new faces would suggest ...
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