Business Day

Ramaphosa off to an impressive start

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Cyril Ramaphosa waited patiently for 20 years for SA’s top job. Since acceding to the presidency in February he has accelerate­d the tempo with impressive resolve. The 2019 elections, in which the former liberation movement’s longstandi­ng political dominance will be put to the test, are looming.

In the decade that Jacob Zuma was president, SA stood still on crucial fronts and slipped precarious­ly backwards on others. In the two months since he was forced out of office by the party, his successor has energetica­lly set about reversing the damage. Already Ramaphosa has made a string of decisions and appointmen­ts that have revived investor confidence. The collective relief felt by many South Africans is palpable.

If Ramaphosa is to capitalise on goodwill and build momentum for reform, he must first consolidat­e his grip over the ANC and restore the integrity of public institutio­ns. He has made a flying start. However, Zuma’s acolytes remain in place at all levels of government from the presidency to the provinces. Meanwhile, public frustratio­n at failing public services, unemployme­nt and lingering apartheid-era inequities is still at boiling point.

As a successful CE, Ramaphosa is well qualified to restore business confidence and reinvigora­te the economy. As the former leader of the National Union of Mineworker­s, he has experience cajoling the unions into being more flexible. But getting the economy going and reviving investment are only part of the challenge. He must also address deep structural problems that have remained obstinatel­y in place since the end of white minority rule. That means radically reforming the education system, redistribu­ting land without spooking investors and providing opportunit­ies that satisfy pent-up demand for black empowermen­t. He must also help to steer capital to more labour-intensive sectors to create jobs. To do all this he needs to forge a fresh compact between the state, business and labour. London, April 25

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