HILARY JOFFE: Hopeful signals and some less so in cabinet picks

02 June 2019 - 00:09

On Wednesday evening, when he at last revealed his new cabinet, President Cyril Ramaphosa began by underlining the clear mandate his administration had to accelerate inclusive economic growth.

In theory, acceleration shouldn't be that hard, given that the economy is barely motoring at all. The Reserve Bank and ratings agency S&P have cut their growth forecasts for this year to just 1%, and even that may prove too high, with the latest data indicating a negative first quarter...

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