President Cyril Ramaphosa is undoubtedly “shocked” by the real GDP contraction of 3.2% in the first quarter. Having campaigned on a ticket of “Let’s grow SA together”, this contraction provides a platform to introduce the kind of broad economic reforms that were last seen in 1996, when the ANC had a Damascene convergence towards an open, competitive and export-led economy in its growth, employment and redistribution (Gear) strategy.

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