Tag: Cyril Ramaphosa
All eyes were on South African President Cyril Ramaphosa this afternoon, as he outlined the country’s economic reconstruction and recovery plan. This is as the government charts the road to recovery, after an economic bloodbath left by Covid-19. With devastating unemployment, Ramaphosa has committed to creating more than 800 000 jobs in the immediate term, through infrastructure investment over the next four years. Joining CNBC Africa to unpack the President’s plan is Isaah Mhlanga, Chief Economist at Alexander Forbes.
South African president Cyril Ramaphosa is faced with a difficult road ahead, since his election into presidency in May last year.
South African President Cyril Ramaphosa’s call for an institutional clean-up was heeded by the Auditor General this week, with a bombshell report that has seen top management of the Unemployment Insurance Fund suspended due to fraud and financial mismanagement of the COVID-19 relief funds. But, on a positive note the COVID-19 crisis could provide much needed policy and systematic change as pressure mounts on government and businesses to become more compliant and transparent; this is according to Murtaza Moulvi, Head of Financial Markets at Standard Chartered Bank joins CNBC Africa for more.
All eyes in South Africa are on the ANC, as the governing party scrambles to reign in corruption. President Cyril Ramaphosa committed to rooting out corruption from the beginning of his term. The theft of COVID-19 relief funds has put pressure for him to fulfil his promise and to hold perpetrators accountable. Joining CNBC Africa to provide insights into Ramaphosa’s attempts to clean up the ANC is Daniel Silke, Director at Political Futures Consultancy.
In an unprecedented attack, Zuma, whose decade in power was marked by multiple corruption scandals that are still being investigated, accused Ramaphosa of bringing the party into disrepute - a sign of growing divisions within the ANC ahead of its national executive committee conference this weekend.
South African president Cyril Ramaphosa has sound the alarm on corruption and mismanagement of the COVID-19 procurement of contracts and funding that was meant to pave the road for recovery from the pandemic. Legal organisations have been called upon to clamp down on corrupt individuals, which so far, are mostly government employees. So how does one trust the very institutions that are meant to repair the country, yet are the same institutions that are hindering growth and recovery? The Attorney General Alliance of Africa and the National Prosecution Authority hosted a discussion this week on this matter and Kim Robinson, Country-Coordinator for AGA-Africa joins CNBC Africa for more.
" It is going to take us years to root out the corruption and legal activity that has taken root in this pandemic, "says Kieswetter.
Many of South Africa’s small and medium-sized firms were thrown into disarray when the government introduced a lockdown at the end of March to try to contain the spread of the novel coronavirus that causes COVID-19.