CLAIRE BISSEKER: To survive, Cyril Ramaphosa must get the big three to retreat
Too many people still believe the reason SA has failed to make inroads is that Treasury has been too conservative and has blocked spending
Unemployment, inequality and poverty are now stuck at such worryingly high levels that they threaten SA’s future as a sustainable society. The big danger President Cyril Ramaphosa faces is that the country will underperform over the next decade as these structural fault lines prove insurmountable. Among the sceptics is Fitch Ratings, which said last November that it saw little prospect that a country with SA’s deep-seated structural flaws would get growth going fast enough to reduce inequality and quell pressures for growth-sapping, redistributive policies. The EFF will doubtless be relentless in exploiting unmet voter expectations over the next couple of years by wielding the party’s racially divisive rhetoric. Even within the ANC, the youth league continues to throw its weight behind former president Jacob Zuma, complaining that the corruption charges against him have been instigated by "white monopoly capital" opposed to his vision of "radical economic transformation".Ramaphosa h...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.