A sense of gloom descended across South Africa last week, when it was confirmed that the country had slumped into recession. Immediately, questions were asked about whether President Cyril Ramaphosa’s ‘New Dawn’ was actually a ‘false dawn’. What’s clear is that the many governance-induced failings of the Zuma-era will not be erased overnight. What’s also clear is that, while government needs to move far more decisively to address the issues undermining investor confidence, the upcoming election will probably mean that some of the ‘New Dawn’ elements will take longer to introduce than was first anticipated when Ramaphosa won his narrow party victory in December.
A sense of gloom descended across South Africa last week, when it was confirmed that the country had slumped into recession. Immediately, questions were asked about whether President Cyril Ramaphosa’s ‘New Dawn’ was actually a ‘false dawn’. What’s clear is that the many governance-induced failings of the Zuma-era will not be erased overnight. What’s also clear is that, while government needs to move far more decisively to address the issues undermining investor confidence, the upcoming election will probably mean that some of the ‘New Dawn’ elements will take longer to introduce than was first anticipated when Ramaphosa won his narrow party victory in December.