South Africa: New leadership brings new optimism

Can President Ramaphosa make the tough policy decisions needed to spur economic growth?

Time to read: 4 min

Volumes have been written about the scandal-tainted regime of former South African President Jacob Zuma. Since becoming leader of the country in 2009, Zuma was dogged by allegations of corruption, nepotism and poor personal judgement, and national prosecutors recently reinstated corruption charges against him. With his recent resignation and the ascension of new President Cyril Ramaphosa in February, international and domestic sentiment toward the country (and its economy) has improved dramatically. However, South Africa faces significant economic challenges. To reverse the declining trajectory of the economy, I believe a number of tough policy choices are needed: