It was hard to squeeze through the exit door of the good ship South Africa between 2009 and December 2017. The place was crowded. Members of that rarely spotted mammal, the “foreign investor”, were clutching at the door handle with their sweaty palms, ready to race out. It was the Zuma era, known as the notoriously “nine wasted years”.

The man who often calmed these nervous investors was Enoch Godongwana. Whenever the ANC threatened nationalisation or some other destructive policy, Godongwana would find a way to let investors know his comrades were, as usual, emitting hot air and there was no serious intention to adopt such policies...

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