Boks’ World Cup victory: Ramaphosa’s public holiday gets thumbs-down from economists

Economists said President Cyril Ramaphosa's promise to declare a public holiday was impulsive and presented negative economic implications.

Springboks captain Siya Kolisi and South Africa’s President Cyril Ramaphosa lift the Webb Ellis Cup after winning the 2023 Rugby World Cup final at the Stade de France in Saint-Denis on 28 October 2023. Picture: Frank Fife/ AFP

Although Ramaphosa kept his word, his presidential gift of a day off came wrapped a little differently, scheduled nearly two months after the celebratory fever that is sweeping across South Africa.

“Small businesses and liquor outlets will probably gain from this, but in total the economy will be the bigger loser,” Roodt concluded. He explained that declaring a holiday was unjustifiable, especially since the country is already devastated by the effects of load shedding.“15 December was strategically chosen as a convenient ‘escape route’ because it falls on a Friday that many businesses were to forgo,” said Dumisa.

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