Cyril's No1 job: ending corruption
BLSA hails new ANC leader, but warns he faces tough agenda
Business needs to see newly elected ANC president Cyril Ramaphosa acting "quickly and urgently" on corruption and state capture, says the CEO of Business Leadership South Africa, Bonang Mohale. He says the announcement by President Jacob Zuma of a judicial commission of inquiry into state capture is a necessary if long overdue start to the process. But Mohale isn't going to get too excited until he sees the terms of reference. "We want its terms of reference to be narrow as per the State of Capture report of the [former] public protector [Thuli Madonsela], to ensure that it doesn't take another 10 years before it comes with concrete action. People who have been found to have stolen, looted, been corrupt and captured must go to prison," Mohale says.The international investment community and ratings agencies need to be shown, by his actions, that Ramaphosa is serious about tackling corruption - and there is no time to be lost. "There is a lot of competition for foreign direct investme...
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