It’s the economy, Cyril.

Deputy President Cyril Ramaphosa and Finance 

Minister Malusi Gigaba in deep discussion 

earlier this year. (Photo: Gallo Images)

THE leadership limbo South Africa continues to endure might unnerve some but for those in business, the leadership baton has passed. It is no longer Jacob Zuma’s to manipulate and control. We have, already, largely moved into a post-Zuma era. 

While the minutiae of the Zexit settlement is still to be finalised, South Africa’s economic plight - linked so closely to its governance and political performance - now takes centre stage. 

And the looming budget, set to be presented in an unprecedented atmosphere of transition, will initially set the scene for the unfolding battles to uplift sentiment and restore confidence.

Assuming a Zuma departure within the next number of days, sentiment will shift. A more stable currency, partially reflective of the ascent to power by Cyril Ramaphosa as well as on the back of a weaker US dollar, provides some bulwark against rising inflation. 

By Daniel Silke.

Full story at Fin24.