President Cyril Ramaphosa has earned praise for stating the obvious last week: that business is responsible for job creation. This statement is no great revelation, and fits in squarely with the current international trend in economic management.
Much of what he says, of course, is cloaked in unrealistic promises, which suggests that last-minute, back-of-a-matchbox ideas can quite easily find their way into the speech. In that vein, Ramaphosa created a buzz this year when he spoke glowingly about the dagga economy and its ability to create jobs. Apparently, there is some BEE mogul which the Eastern Cape government has spoken to about this opportunity. But the bottom line is, there is no sign that his effusive statement on the “Transkei gold” has been backed up by real spadework.
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