Deputy President Cyril Ramaphosa’s lead role in the country’s delegation to the World Economic Forum (WEF) in Davos next week has re-energised Team SA. This was signalled by the standing ovation business representatives gave Ramaphosa at a pre-WEF breakfast briefing in Sandton on Thursday. Relations between business and the government have been strained since President Jacob Zuma reshuffled the Cabinet in March 2017 and fired Pravin Gordhan as finance minister. This led to the downgrading of the country’s foreign currency denominated debt. Ramaphosa was elected ANC president in December. In his address, Ramaphosa identified political uncertainty as having been a major concern, but said: "I’d like to believe we now have certainty." The new ANC leadership was ready to take SA forward. The government and business had banded together again to tackle issues such as credit-rating downgrades, low growth and dysfunctional state-owned entities. The government aimed to "attract investors to c...
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.