It has been just over 100 days since the formation of the broad-based co-governing agreement called the ‘Government of National Unity (GNU).’<\/p>\n\n\n\n
Taking stock of the seventh administration, various analysts and industry experts have described the tenure so far as showing both notable successes and some growing pains.<\/p>\n\n\n\n
Business Leadership South Africa (BLSA) CEO Busiswe Mavuso thinks that the report card is “broadly positive,” because the “relationship between business and government has seen marked improvement with the GNU.”<\/p>\n\n\n\n
To date, the rand is 7.5% stronger, recently hitting a 20-month high, the bond market is 11% stronger, and the JSE\u2019s main index is up over 10%.<\/p>\n\n\n\n
Chief economist at the Efficient Group, Dawie Roodt, said that there has been an “investor relief rally that we see in the financial markets” \u2013 evident through improved performance by both equity and capital markets.<\/p>\n\n\n\n
Cumesh Moodliar, CEO of Investec South Africa said that \u201cwe are in a significantly better space,” adding that with the current coalition configuration, the country has a chance to become \u201cmore economically inclusive and potentially better placed to seize some of the opportunities.”<\/p>\n\n\n\n
This was recently echoed by President Cyril Ramaphosa, who said that “the advent of the Government of National Unity has renewed investor optimism in the South African economy.”<\/p>\n\n\n\n
This optimism is, however, not new.<\/p>\n\n\n\n
When Ramaphosa took office in 2018, he rode a wave of investor enthusiasm dubbed \u201cRamaphoria.\u201d<\/p>\n\n\n\n