Real Economy Year Book 2018 (PDF Report)
During President Cyril Ramaphosa’s mea culpa social call on Desmond Tutu in May, the Archbishop Emeritus urged Ramaphosa to ensure that his much-vaunted ‘New Dawn’ did not turn out to be a ‘false dawn’.
Without doubt, all well-meaning South Africans share Tutu’s sentiments. The overwhelming majority of citizens, including those in business, are desperate to see South Africa succeed economically and increasingly yearn for a more just, caring and equitable, as well as safer, society.
Goodwill will be necessary, but insufficient to reignite growth- and job-stimulating investment. Trust and confidence remain fragile, and fresh uncertainty has also undoubtedly emerged as a result of the current debate about how best to proceed on much-needed land reform. It is up to government to take the lead in helping to rebuild greater resilience and confidence.
The way it deals with the land debate will be a critical test, but so will its handling of issues as diverse as State-owned power utility Eskom’s sustainability, the next iteration of the Mining Charter and municipal competence. Without rapid and sustained progress across multiple fronts, Tutu’s warning of a false dawn could prove dreadfully prophetic.
Published on: 29 June 2018.
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