Unemployment, rising debt set to put Cyril Ramaphosa to the test | IOL News

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President CyrilRamaphosa may be on course to retain power in the election, but he will face the challenge of fixing an economy that is stoking public unrest.

Johannesburg - President Cyril Ramaphosa may be on course to retain power in Wednesday's election, but he will face the immediate challenge of fixing a floundering economy that is stoking public unrest.

After May 8, the president -- likely to be incumbent Cyril Ramaphosa as ANC leader -- will have a tough task creating jobs, attracting foreign money and tackling corruption. Discontent at poor basic services such as water, housing and electricity have sparked a wave of protests, with violent crime further fuelling public anger.Ramaphosa, who enjoys support from the business community, has prioritised reform and economic revival.

"Any action against those people that were involved in corruption and malfeasance is going to be politicised, limiting his ability," said Mondi. South Africa was a prime investment destination in Africa after the downfall of apartheid, but under Zuma's presidency between 2009 and 2018, investor confidence fell to its lowest levels since white-minority rule ended.

 

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