It's jobs, not polls, says Cyril Ramaphosa
Despite SA heading into its sixth post-apartheid general election, the president announced some unpopular decisions
Faced with a country in its second recession in less than a decade and the very real prospect of the economy slipping into yet another quarter of negative growth, the state simply had to react with a stimulus package to revive the economy regardless of polls next year, President Cyril Ramaphosa said. "We had to respond to this... any government that's worth its salt when the economy goes into a challenging period has to respond," Ramaphosa said in an interview with Business Times on Friday. "This is not aimed at the elections; this is aimed at cranking the economy into life." SA heads into its sixth post-apartheid general election next year with an economy bereft of any substantive investment over the past decade, and a national psyche drenched in tales of corruption centred on the ruling party and the role of its former president, Jacob Zuma. These tales have served to dent both consumer and business confidence to levels last seen more than 30 years ago. The Reserve Bank now predic...
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