JOHN DLUDLU: Five steps Ramaphosa can take to restore confidence in the economy
Cyril Ramaphosa should start by steering expropriation process to a speedy conclusion
In a month, election season will officially begin when the ANC launches its manifesto at a rally in Pietermaritzburg. And, largely due to the chaotic state of the opposition and not the electoral promises the ANC makes, it will return to power, not with a significant majority, but one decent enough to govern. Then, once more, Cyril Ramaphosa will be faced with the crisis that has come to define his interim presidency: an underperforming economy. As an elected president he cannot defer action on the economy, which has just bounced back from a technical recession. Surrounded by a youthful, energetic but smaller cabinet, Ramaphosa can restore confidence in the economy by undertaking five critical actions. First, fudging the land expropriation debate has to stop. When Ramaphosa ousted Jacob Zuma in February, his ascent to power brought much optimism. For the first time in a long while, we had a president who spoke intelligently about the economy. However, this positive sentiment failed ...
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