Judging the 'Cyril effect' after 100 days
Growing economy and fighting corruption are main issues
In his first 100 days, President Cyril Ramaphosa has focused on two areas: the economy and fighting corruption. Among his major announcements, no fewer than 14relate to economic growth and reforming state-owned enterprises. At least six of the major developments in his presidency focus on anti-corruption or unwinding the tentacles of state-capture networks. The president's focus on the economy has won market plaudits - business confidence raced to its highest level in a decade but has since fallen back slightly. South Africa staved off a full investment-grade rating chop in March. But the unpredictable nature of the discussion on land expropriation without compensation has kept investors sitting on their hands. Ramaphosa's economic plan for SA Inc has become clearer in the 100 days he has been at the helm in the Union Buildings. The five key pillars are: an investment drive; youth employment; state-owned enterprises as economic growth centres; competition (or what he calls "deconcen...
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