Materialised scenarios for the Ramaphosa presidency

Retrospective
In March 2018, in the wake of President Cyril Ramaphosa’s appointment as the head of state, PwC SA published a report entitled “Investment decisions: Why South Africa, and why now?”. Our research examined potential scenarios for the Ramaphosa presidency (2018–2022) and predicted five economic outcomes that could develop under the new president. So, which scenario has materialised?

Many interpreted President Ramaphosa’s appointment as the sun emerging from the dark clouds that troubled the Rainbow Nation’s economy and politics. The new leader of the African National Congress (ANC) campaigned for the party presidency in 2017 with an economic recovery plan based on his deep understanding of labour, business and politics. #Ramaprogress was born and consumer confidence spiked to the highest level since the Bureau for Economic Research (BER) started its current confidence series in 1982.

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