South Africa’s economic rot lies in political negligence – Mathews Phosa

As the possibility of a 3rd downgrade looms nearer for South Africa, the country needs to get rid of many boards and CEO’s that are failing the economy. This was the word from the ruling party’s presidential hopefully, Dr Mathews Phosa, at the side-lines of the Small Business Indaba in Johannesburg. Speaking to CNBC Africa’s Aviwe Mtila, Phosa, who is very critical about President Jacob Zuma’s leadership, says empty slogans such as radical economic transformation need to be eradicated and small business should be at the core of rebuilding South Africa’s economy.

Partner Content

Absa commits to growing African trade with award-winning online platform

Absa launched its online trade finance portal, Trade Management Online, in 2019

Responsible banking in a post-COVID commodity market – Investing responsibly throughout the commodity value chain

While the alcohol sector invariably draws strong feelings from across the philosophical divide during Covid-19, what is indisputable...

A Cyber Pandemic May Be Next: How secure are you in the cloud?

The Coronavirus pandemic has influenced us in a more global way than the Cold War, affecting the environment, industry, finance, healthcare, leisure...

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox