ALLAN GREENBLO: Private sector support is essential in Ramaphosa’s window of opportunity
Unless the president succeeds, SA fails; but the policy changes that are now needed cannot happen on unilateral action
In the wave of post-elections relief that President Cyril Ramaphosa has emerged triumphant, the predominant question is whether he can deliver on promises made. It’s the wrong question. Instead, the private sector should be preoccupied with asking how it can assist delivery through the intellectual and financial strength at its command. Retirement funds, for one, have huge capacity with their trillions of rand under management. For far too long they’ve been frustrated by the lack of such “bankable” infrastructure projects as renewable energy and water supplies. Advance them and any argument for prescribed assets evaporates. The unleashing of job creation must accompany the confidence, previously absent, that people’s savings won’t be squandered. Ramaphosa has a tight window of opportunity in which to prevent a return of investor scepticism and quell a regroup of party hacks, so that confidence in his administration can be stimulated and belief in a trajectory for economic growth can...
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