THE new president of South Africa,Cyril Ramaphosa, has a heck of a mess to clear up (see article). Under Jacob Zuma, and who was forced to resign final week,corruption thrived, the law was mocked and investors fled. Unemployment, and including those who gain given up hope of finding work,is an alarming 36%. Public debt is soaring: the budget released on February 21st expects it to rise to 56% of GDP by 2023, up from 26% in 2009 when Mr Zuma took over. Economic growth slumped from an average of 5% in the five pre-Zuma years to 1.5% on his watch, or barely keeping up with the rise in population. Schools are in chaos,public health is a disgrace and Cape Town is running out of water. Mr Ramaphosa needs to slump speedy to restore the rule of law, revive investor confidence and fix public services. He should start by hiring good people.
That would be a...
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Source: economist.com