Maria Ramos backs Cyril Ramaphosa to revive economy
President and the cabinet have delivered on promises, Absa CEO says
Absa Group CEO Maria Ramos is betting that President Cyril Ramaphosa is on the right track with rebuilding the continent’s most-industrialised economy. Almost a year since taking over from his corruption-tainted predecessor, Jacob Zuma, Ramaphosa started commissions of inquiry to determine how graft became so entrenched and to prevent it in future. He also set in motion plans to reinvigorate economic growth through an investment conference that raised billions in pledges and a jobs summit that pulled together the government, businesses and labour on ways of creating work. “The things he committed to, he and his cabinet have delivered on,” Ramos, who was part of drawing up the constitution with Ramaphosa before the end of segregated rule in 1994, said on the sidelines of the World Economic Forum in Davos. “That’s what I expected of him and the way I have come to know him.” Ramaphosa is seeking to lure $100bn in investments by 2023 to revive an economy struggling to create jobs for th...
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