South Africa Stronger With Cyril?
If last week’s World Economic Forum in Davos, Switzerland, is anything to go by, South Africans have a little bit more to be positive about heading into 2018.
Cyril Ramaphosa, the recently-elected President of the country’s ruling ANC, represented South Africa at the Forum, and presented a much more optimistic outlook than citizens have become accustomed to over the past few years.
Over the 4 days, Ramaphosa had an opportunity to engage with politicians and global business leaders, and present the case for forming partnerships with South Africa going forward. And he seized it.
Ramaphosa conveyed the sense that the country’s future is strong, with his focus being on unity, wise budgeting, and ridding the country of the corruption that has plagued it for so many years.
As a result, the nation’s credit rating is less likely to be lowered, and the rand has been trading stronger than usual, pushing past R12.00 to the dollar in the middle of last week, for the first time since May 2015 (although this is in part due to the weaker dollar).
The new ANC leadership has a chance to implement bold changes to the way South Africa is managed heading towards the 2019 general elections. These will, if Ramaphosa’s performance and outlook thus far are indications of what is to come, be for the betterment of all South Africans, and a very welcome shift in direction.
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