'SA Inc. is starting to lose faith in President Cyril Ramaphosa'

President Cyril Ramaphosa. Picture: GCIS

They [business leaders Whitfield speaks to] are not saying it in as many words, but he’s the best of a bad bunch as yesterday’s elections list attested to…

Bruce Whitfield, The Money Show

SA Inc. is losing faith in President Cyril Ramaphosa, wrote Ferial Haffajee in an article on Fin24 on Thursday.

The RMB Business Confidence Index is at a two-year low.

Ramaphosa has promised a tsunami of investment yet, as a percentage of GDP, it’s at a 13-year low (Q3/2018).

He should sit up and take notice, wrote Haffajee, because he needs the private sector to pull South Africa from its near decade-long economic slump.

The Money Show’s Bruce Whitfield interviewed Haffajee.

Listen to the interview in the audio below (and scroll down for more quotes from it).

He [Ramaphosa] counts it [business] as his constituency…

Ferial Haffajee, Fin24

The President is becoming unreadable…

Ferial Haffajee, Fin24

You don’t really see those big investment promises coming through yet...

Ferial Haffajee, Fin24

He is at least 15 percentage points as a person more popular than his party…

Ferial Haffajee, Fin24

People are beginning to lose patience…

Ferial Haffajee, Fin24

We are unclear on exactly what’s going to happen at Eskom… as a citizen I don’t think we have a clear plan…

Ferial Haffajee, Fin24

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
 Wealth strategies for small businesses - income or equity?

Wealth strategies for small businesses - income or equity?

Income or equity – what is the difference?

Is the US stock market heading for a crash like the DotCom bubble in 2000?

Is the US stock market heading for a crash like the DotCom bubble in 2000?

The US market has a big impact on all markets and when they get flu, South Africa sneezes.

Anglo American delivers 3.5-billion USD profit, declares final dividend

Anglo American delivers 3.5-billion USD profit, declares final dividend

Anglo American delivered a 2019 profit attributable to equity shareholders of 3.5-billion USD

Discovery Bank gives an update on the health of the new venture

Discovery Bank gives an update on the health of the new venture

Discovery is soothing investors' nerves after a warning earlier this week that it would report a double digits loss.

Read your documents before you sign the deal on your car or house!

Read your documents before you sign the deal on your car or house!

Wendy Knowler, consumer journalist, on the importance of carefully reading your documents when you buy assets.

Meet the Black Management Forum's New President

Meet the Black Management Forum's New President

The newly elected president of the Black Management Forum (BMF) is Andile Nomlala.

Popular articles
[WATCH] Kid completing an extreme backflip stunt has social media talking

[WATCH] Kid completing an extreme backflip stunt has social media talking

Khabazela shares some of the videos that went viral on Twitter and Facebook.

[WATCH] Syrian father teaching daughter how to cope through laughter goes viral

[WATCH] Syrian father teaching daughter how to cope through laughter goes viral

Khabazela shares some of the videos that went viral on Twitter and Facebook.

Lesotho's DPP to charge PM Thabane for murder of his second wife

Lesotho's DPP to charge PM Thabane for murder of his second wife

Deputy police commissioner Paseka Mokete says the prime minister is expected to appear in court to be charged on three counts.

 Wealth strategies for small businesses - income or equity?

Wealth strategies for small businesses - income or equity?

Income or equity – what is the difference?

Is the US stock market heading for a crash like the DotCom bubble in 2000?

Is the US stock market heading for a crash like the DotCom bubble in 2000?

The US market has a big impact on all markets and when they get flu, South Africa sneezes.

Anglo American delivers 3.5-billion USD profit, declares final dividend

Anglo American delivers 3.5-billion USD profit, declares final dividend

Anglo American delivered a 2019 profit attributable to equity shareholders of 3.5-billion USD

Discovery Bank gives an update on the health of the new venture

Discovery Bank gives an update on the health of the new venture

Discovery is soothing investors' nerves after a warning earlier this week that it would report a double digits loss.

iPhone upgrade locks Absa clients out of banking app

iPhone upgrade locks Absa clients out of banking app

Absa managing executive customer value management Christine Wu explains why and how you can solve it.

Mo Shaik says his resignation is merely 'technical', not a result of DA pressure

Mo Shaik says his resignation is merely 'technical', not a result of DA pressure

He has dismissed the Democratic Alliance's claims that he was pressured to resign as as a special advisor to Lindiwe Sisulu.

Uber drivers' earnings dropped drastically since 2013 - Competition Commission

Uber drivers' earnings dropped drastically since 2013 - Competition Commission

The observation was made in a preliminary report into land-based public passenger transport by the commission.