{"id":317468,"date":"2019-05-19T12:00:06","date_gmt":"2019-05-19T10:00:06","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=317468"},"modified":"2019-05-17T17:26:08","modified_gmt":"2019-05-17T15:26:08","slug":"ramaphosas-next-big-challenge","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/317468\/ramaphosas-next-big-challenge\/","title":{"rendered":"Ramaphosa&#8217;s next big challenge"},"content":{"rendered":"<p>Having helped carry the African National Congress across the finish line in elections earlier this month, despite South Africans\u2019 impatience with the party\u2019s persistent corruption, President Cyril Ramaphosa will now need to lead his party toward greater reform.<\/p>\n<p>It\u2019s the essential first step toward reviving a moribund economy and restoring South Africans\u2019 faith in their future.<\/p>\n<p>The ANC\u2019s seemingly robust 57.5% win was its slimmest margin of victory in a national election since the end of apartheid. Without Ramaphosa\u2019s personal popularity \u2014 as a negotiator, organizer and businessman \u2014 the party would surely have done worse.<\/p>\n<p>Low voter turnout this time around points to the public disaffection engendered by former President Jacob Zuma\u2019s nine years of patronage politics, bribery and looting of state resources.<\/p>\n<p>South Africa\u2019s economy has yet to recover, too: since 2014, it has failed to grow by more than 2% \u2014 a rate well below what is needed to shrink unemployment, which recently hit a crippling 27.6%.<\/p>\n<p>Almost half the population of 55 million lives in chronic poverty. And South Africa has become what the World Bank calls the most unequal country on earth.<\/p>\n<p>Ramaphosa, who took over the presidency from Zuma 15 months ago, has already taken aim at corruption by sacking some compromised ministers and officials and empowering investigations.<\/p>\n<p>But much of his party still hasn\u2019t gotten the message. Several high-profile malefactors have been re-elected to parliament. Ramaphosa needs to keep them out of his cabinet.<\/p>\n<p>He also needs to make sure that those responsible for engaging in past acts of corruption are held to account. To that end, the president must ensure that the National Prosecuting Authority, badly damaged by Zuma but now under stronger leadership, has the resources it needs.<\/p>\n<p>Equally necessary and even more bold would be a move to replace South Africa\u2019s Public Protector \u2014 in effect a national ombudsman \u2014 who has not lived up to the high standards set by her predecessor.<\/p>\n<p>To jump-start South Africa\u2019s economy, Ramaphosa has promised to attract $100 billion in foreign investment within five years.<\/p>\n<p>He might begin by finalizing long-delayed legislation that regulates the country\u2019s mineral and petroleum industries, sub-Saharan Africa\u2019s biggest destination for foreign direct investment.<\/p>\n<p>He should also respond to investors\u2019 concerns about plans to change the country\u2019s regulations on the protection of intellectual property, and fix cumbersome visa and work permit regulations that retard tourism and starve local companies of foreign talent.<\/p>\n<p>Most productive of all would be to carry out plans to split up the money-losing state-owned power company Eskom Holdings SOC Ltd., a nexus of inefficiency and graft that now carries more than $30 billion in debt.<\/p>\n<p>Its frequent outages inflict huge costs on the economy. Ramaphosa must convince unions, staunch ANC backers, that there is more to be gained by expanding opportunity and competition than by maintaining the bloated payrolls of Eskom and other state-owned enterprises.<\/p>\n<p>For too long, the ANC has corralled votes by effectively ring-fencing the privileges of the minority of South African workers with formal jobs. The toxic national consequences of that are glaringly evident in South Africa\u2019s notoriously weak educational system.<\/p>\n<p>The country spends more than 6% of GDP on it, a share as large as that of more developed nations.<\/p>\n<p>But while access to education has expanded, South African students perform dismally in international rankings \u2014 not least because teachers\u2019 unions embedded with the ANC have long resisted reform and accountability.<\/p>\n<p>For South Africa\u2019s sake, such insider bargains need to stop. To provide the ANC\u2019s promised \u201cbetter life for all,\u201d Ramaphosa should put his country before his party. If he does so, both may come out on top.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/government\/316732\/3-things-ramaphosa-needs-to-focus-on-now-the-elections-are-done\/\" target=\"_blank\" rel=\"noopener noreferrer\">3 things Ramaphosa needs to focus on now the elections are done<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Having helped carry the African National Congress across the finish line in elections earlier this month, despite South Africans\u2019 impatience with the party\u2019s persistent corruption, President Cyril Ramaphosa will now need to lead his party toward greater reform. <\/p>\n","protected":false},"author":59,"featured_media":217097,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[23],"tags":[26],"class_list":["post-317468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/317468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=317468"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/317468\/revisions"}],"predecessor-version":[{"id":317474,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/317468\/revisions\/317474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/217097"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=317468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=317468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=317468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}