Hardly any aspect of SA’s national existence causes deeper concern than the parlous state of its economy and the perilous consequences that may follow. With domestic demands spiralling and policies failing, the country may soon run on empty. Of urgent importance is dealing with the vast discrepancy between economic inputs and outputs, the escalating demand overload exacerbated by a capacity deficiency and inept policy making. A hopeful sign was that in his first message to the nation, newly elected ANC president Cyril Ramaphosa committed himself to fixing SA’s shattered economy as a first priority. The early favourable market reaction to his election is positive but will dissipate soon in the absence of implementation of workable plans and sustained progress. Ramaphosa will face a daunting task in an environment stunted by a plundered economy, a deeply divided ANC, rampant corruption and forbidding ideological prejudices. In the absence of brave reforms, this leaves scant hope for t...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.