2 922 days of economic stagnation

Today marks 2 922 days since President Cyril Ramaphosa was sworn in as South Africa’s head of state in 2018, succeeding Jacob Zuma, who resigned a day earlier.

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Ramaphosa ascended to office under the banner of anti-corruption, renewal and clean governance.The mood in the country, particularly among investors and sections of the middle class, was euphoric. But the optimism was short-lived. Loadshedding became a daily reality. Infrastructure in several central business districts deteriorated. State-owned enterprises continued to struggle, and public institutions buckled under financial and governance pressures. Economic growth has remained stagnant, forcing austerity measures that have squeezed social development, health a