Last year's political buzzwords - radical economic transformation - may have no space in the lexicon of a Cyril Ramaphosa-led government. The announcement this week of economist Trudi Makhaya as the president's economic adviser has sparked speculation of a break from leftist policies that surfaced in the final days of the Jacob Zuma era and a return of more conservative policies on which the foundations of this democracy emerged. Last year, former finance minister Malusi Gigaba attracted criticism for appointing an economic adviser in Chris Malikane, an associate professor at the University of the Witwatersrand who had called in an academic paper for the nationalisation of mines and banks to cure the country's economic ills. Bold thinker Makhaya, a Rhodes scholar and an alumnus of Wits and Oxford University, is described as a bold thinker. In addition to hiring Makhaya, Rama-phosa has also enlisted former finance minister Trevor Manuel; former deputy finance minister Mcebisi Jonas; ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now