JOHANNESBURG - With the elections now largely behind us, investors’ focus will shift to President Cyril Ramaphosa’s ability and political will in addressing issues of concern, namely: the composition of the Cabinet to be announced on May 28, transforming the economy with the promised policy reform and resolving the problem that Eskom poses to South Africa.
This announcement will test whether Ramaphosa is confident enough in his position to reduce the size of the Cabinet, as well as whether he is able to withstand pressure from opposing ANC factions in appointing Cabinet members. These include, among the many challenges addressing the country's structural economic issues, removing red tape for small and medium enterprises in terms of registering businesses and seeking financing, as well as unbundling Eskom and restoring its financial health.
If he is successful, we could potentially see these areas creating jobs again, which in turn would allow more workers to move from the public sector to the private sector, and government to reduce its wage bill. But, these sectors are energy intense and therefore fixing Eskom capacity is objective No. 1.However, while Mboweni’s Budget speech sent the right signals in terms of the wage bill, it failed to adequately address South Africa's other major concern: Eskom.
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Elections boost business confidence | IOL Business ReportThe incoming administration is set to inherit improved business confidence after sentiment rose in April for the first time since January in anticipation of a more stable post-election policy environment. busrep busrep You are as gullible as the 30percenters
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Ramaphosa says turnaround at Eskom will bear fruit soon | IOL Business ReportPresident Cyril Ramaphosa today told local and international investors that South Africa’s economy would be in ‘top gear’. busrep And let me guess.....he allegedly lied with a straight face and then laughed. busrep How can a company who supplies the majority of S A's with 220v be in debt of over R400 billion ......... BILLION Something not right there !! 🤢 busrep Fruit for who is the question? Won’t be us we will get another tarring increase.
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Cabinet to be restructured to benefit economy - Ramaphosa | IOL Business ReportPresident Cyril Ramaphosa has assured a gathering of investors in that his Cabinet will be restructured to bolster plans ... Ramaphosa is all about money he care about nothing elss New Dawn appears fake news. The list of candidate MPs,as submitted to CJ Moeng, contains most of the incompetent & corruption tainted ANC members. More of the same 💩!
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BUSINESS MAVERICK: Five post-election economic milestones to watchUnless the government adopts market-friendly economic policies that stimulate growth and job creation, the 2024 national election is likely to be a fraught affair. What are the five milestones that investors will take comfort from after the 2019 election? Insightful article. 👌
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BUSINESS MAVERICK: South Africa wins a fragile post-election window of economic opportunitySA has come out of the 8 May 2019 elections on a solid footing and has even managed to withstand the financial market sell-off on the flare-up in trade tensions between the US and China late last week. Now all eyes are on whether President Cyril Ramaphosa has the mandate to push ahead with necessary policy reform, taking advantage of this invaluable window of opportunity against a still-nervy global economic backdrop.
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