Fixing the economy requires a redesigned cabinet, says Cyril Ramaphosa
This will indicate the power Ramaphosa holds in the ANC as investors watch to see if he has the political will to replace Zuma-era appointees
President Cyril Ramaphosa says the first task in kick-starting SA's economy is to reconfigure the cabinet. “We're now going to reconfigure our cabinet as part of the reform package our country needs for the economy to move forward and address the needs of our people,” Ramaphosa told investors at a Goldman Sachs conference in Johannesburg on Wednesday morning. This move will be an indication of the kind of power Ramaphosa holds in the party as investors watch to see whether he has the political will to replace Zuma-era appointees. “The reconfigured cabinet structure will come out with an institutional framework to serve our country best and focus on economic growth. The key risk for us is low economic growth and creating jobs. The structure of government will speak to that,” he said. This comes a day after data from Statistics SA showed that the unemployment rate rose to a near 15-year high in the first quarter of 2019. “We know the constraints on the economy and we need to speed up...
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