Jamie McKane
MyBroadband Journalist
- Joined
- Mar 2, 2016
- Messages
- 7,000
Ramaphosa needs to take action on Eskom
An unemployment rate of 29%, an economy stuck in the longest downward cycle since World War II, chronic electricity shortages and soft business confidence -- after 20 months running South Africa, patience is wearing thin with Cyril Ramaphosa’s languid pace of reforms.
There have been no shortages of policy papers, conferences and speeches outlining how to unlock economic growth, but the deeply divided ruling African National Congress and its labor union and communist allies have struggled to agree on a way forward.
[Bloomberg]
An unemployment rate of 29%, an economy stuck in the longest downward cycle since World War II, chronic electricity shortages and soft business confidence -- after 20 months running South Africa, patience is wearing thin with Cyril Ramaphosa’s languid pace of reforms.
There have been no shortages of policy papers, conferences and speeches outlining how to unlock economic growth, but the deeply divided ruling African National Congress and its labor union and communist allies have struggled to agree on a way forward.
[Bloomberg]