Ramaphosa faces big test on vision for new economy

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Ramaphosa faces big test on vision for new economy
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NOMPUMELELO RUNJI | He has the ear of business, those domestic investors and corporates said to be hoarding around R4-trillion which they could be investing in SA Inc.

It is one thing to make pronouncements about change. It is another to make it happen. The poetry and fanfare about the"new dawn" has made that all too clear.

It has been clear he had a tightrope to walk with his party's factional battles as well as shoring up broader support among business and labour.Announcing a cut to the public sector wage bill was the biggest sign yet that his administration is ready to rattle cages towards shifting the state into a better fiscal position. But the latest downgrade by Moody's indicated that this was not enough. Tougher decisions lie ahead. Leadership is everything.

Ramaphosa framed his bold vision in the following terms:"Our country and the world we live in will never be the same. We are resolved not merely to return our economy to where it was before the coronavirus, but to forge a new economy in a new global reality.

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