The latest GDP figures represent how the economy has performed for a full year under Cyril Ramaphosa as president. It grew at a dismal pace of 0.8% for 2018, down from 1.4% in 2017. To put this figure in perspective, it is estimated that the global economy grew at 3.7% over the same period. This shows that even with the wind at his back, Ramaphosa was not able to grow the economy. In his 2018 state of the nation address, Ramaphosa banked mostly on a jobs summit and an investment summit to generate economic growth and employment. While these summits indeed took place, their success is questionable, and they are beginning to look like yet more ANC talk-shops. At the jobs summit, big business essentially presented investments they were already making or had in the pipeline to create economic growth and employment. Essentially, they repackaged initiatives already in place. Ironically the summit was dominated by trade unions, big business and the government, but small businesses were not...

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