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Finally some sobriety. That is my take from this Friday's economic address by President Cyril Ramaphosa and team. There were no grand announcements of billions flooding into the economy from friends in Asia, no promises of the creation of millions of jobs in whatever catalogue of time frames politicians dust off the shelf. And importantly, it also wasn't the matter-of-fact economic diagnosis that former finance minister Malusi Gigaba once delivered that sent everyone into a mad panic. (I must admit to feeling a bit sorry for our former finance minister, in truth, 'cause I guess one could get what he was trying to do last October in trying to show that he was well acquainted with just how difficult the task ahead was.) What emerged most for me from the Ramaphosa "stimulus" announcement was that this cabinet, or at least those members of it that are in his corner, have a grip on the reality of the situation. It was a sober addressing of the immediate challenges facing an economy that ...

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