Cyril Ramaphosa and Mkhwebane legal battles not helping growth, says IDC

The current political climate, including the legal squabbles between President Cyril Ramaphosa and public protector Busisiwe Mkhwebane, is not “helpful” in the push to revive SA’s sluggish economy, Industrial Development Corporation CEO Tshokolo Nchocho says.

Ramaphosa and public enterprises minister Pravin Gordhan, the key proponents of a clean-up of the government and state-owned entities , are under growing pressure from factionalism within the ruling ANC. Nchocho said there are several “low-hanging fruits” on which government should focus to improve economic performance. These include agriculture, tourism, the “sophisticated” financial services sector, and harnessing the potential of the broader industrial base.

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Cyril Ramaphosa and Mkhwebane legal battles not helping growth, says IDCThe current political climate is retarding the push to improve SA’s sluggish economy, says the IDC, adding that the country needs ‘leadership focus’
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