Economic growth, from which all things flow, is all SA needs
Ideal long-term growth would be about 7%, a level that has globally and empirically demonstrated able to extricating generations out of poverty
In the aftermath of a brilliantly focused and thankfully short inaugural speech, and the spectacular SA Air Force display, it is worth noting that President Cyril Ramaphosa is inheriting an economy that grew at a paltry 0.8% in 2018. Add to that mix the International Monetary Fund’s (IMF) projection of a generally weak global economic expansion and the picture becomes as clear as mud.
It is in this context that the newly mandated administration of Ramaphosa must shoulder the burden of previously dashed hopes of millions of South Africans for an economy that can lift many out of poverty while affording others the opportunities to realise their entrepreneurial and career dreams.