Going into today's World Cup final many South Africans have been supporting France as the last "African" team left in the tournament. As much as 10% of the population of France is of African origin, and that is more than evident in its football team. But France's fortunes should interest South Africa for more reasons than just football. French President Emmanuel Macron and South African President Cyril Ramaphosa have both promised structural reforms to boost economic growth, but the contrast between their approaches is striking and holds lessons for South Africa. South Africa has 14-point plans and laundry lists of the structural reforms which the Ramaphosa administration promises will increase the economic growth rate and create jobs. But it's hard to find an action plan anywhere with detailed targets and timelines. Even the Treasury's list of five reforms estimated to raise South Africa's potential growth rate from 1.5% to 3.5%-4% provides little detail on what exactly these measu...

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, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.