The euphoria at the election of Cyril Ramaphosa as the new leader of the ANC – replacing the corrupt Zuma faction – is starting to wear off as  reality sets in. Ramaphosa has his work cut out. His first task is to clean house by getting rid of the corrupt cabal that captured the state, then he has to restore confidence in the economy by way of policy corrections and fixing the mess at the bleeding State Owned Enterprises as well as SARS. It remains to be seen if he will be successful at execution with the remaining baggage of corrupt cadres in the National Executive Committee of the ANC. The article below appeared in the Business Day back in November, and it is worth reflecting on now. The editor pointed out the anomaly of a weak currency and low inflation, and a lack of economic growth. He asked some pointed questions, which now need to be answered by Mr. Ramaphosa.

BD Editorial: November 2017