EDITORIAL: Cyril Ramaphosa’s first 100 days
The critical matter during the first 100 days and beyond is sustaining Ramaphoria
By Sunday Cyril Ramaphosa will have been president for 100 days. His accession has been one of those great South African turnarounds when all seemed lost and a sudden and dramatic breakthrough buoyed the country with renewed hope. It was aptly dubbed Ramaphoria. The biggest impact of that has been confidence. Without the fiscal space to stimulate a stagnant economy, confidence was the most powerful ingredient the government had to offer. Since December, business confidence began to lift. The critical matter during the first 100 days and beyond is sustaining Ramaphoria, lest Ramaphobia — the fear that Ramaphosa might not be able to save the country — should gain a foothold. Top of the confidence-building measures has been the rapid replacement of the leadership of state-owned companies. As this is where most of the risk to the economy and the rot was centred, the focus has made good sense. The changes, including those announced on Thursday in time to squeak into Ramaphosa’s first 100...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.