President Cyril Ramaphosa has moved quickly and decisively to restore SA’s economy and reputation to where they were 20 years ago. Yet despite this, there are a number of indications that he does not have a full appreciation of the depth of some of our problems. To name just a few: his stance on land expropriation without compensation has been weak, inconsistent and unconvincing. So far the ratings agencies have taken him at his word and expect orderly restitution without harming the economy or the supply of food. However, once scrambled, you cannot unscramble an egg, and the scrambling is taking place before our eyes. We are not far from total chaos. If this issue is handled badly and property rights are threatened, we may as well switch off the lights. There is also a huge problem with regard to public sector wage increases. Ramaphosa’s assurances have been thrown out of the window and the multiyear agreement that has been signed exceeds the 2018 medium-term expenditure framework ...
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