There are no bad ideas, only great ideas that go horribly wrong. It’s a line I heard recently while watching 30 Rock, a brilliant US sitcom created by Tina Fey.

It’s a sentiment that’s perhaps also an apt description of Cyril Ramaphosa’s presidency so far. What happened? It all seemed so bright – not so long ago we were chanting “Thuma Mina” with renewed vigour. The markets rallied, the rand strengthened...

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