Cyril Ramaphosa's Honeymoon Is Officially Over

finance.yahoo.com

- finance.yahoo.com | 4 months ago

(Bloomberg) -- South African business leaders are becoming frustrated with the pace of reform under President Cyril Ramaphosa.

His cabinet choices and spending pledges haven’t helped. His ascension to national leader in February last year was greeted with so-called “Ramaphoria,” as the rand and government bonds surged on expectations he would reform the struggling economy, crack down on corruption and replace non-performing cabinet members.

Much of that rally was relief at seeing the end of Jacob Zuma’s nine-year tenure marked by corruption and few policy decisions.

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