The phrase "A week is a long time ..." is well established in the political lexicon. But rarely has such a phrase had such direct and profound implications for the business sector. Exactly a month ago, the ANC elected its new leadership, headed by Cyril Ramaphosa. This came after 10 years of the Jacob Zuma-led administration, during which parts of the governance and accountability systems collapsed and were paralysed from within by political principals. This led to various incidents of corruption in the public and private sectors, ignored by indifferent and distracted law enforcement agencies. The most explicit exhibit of this paralysis related to the Gupta family and the private and public sector companies implicated in the state capture project. Throughout last year, such companies remained untouched by law enforcement agencies in spite of overwhelming evidence in the public domain. The governance crisis moved from being a state problem to a universal problem in South Africa, impl...

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