June 2019

So, Cyril Ramaphosa is the sixth democratically elected President of South Africa and it seems as though business couldn’t be happier. Ever since his entry into politics, Ramaphosa has been known as business-friendly and now industry leaders are hoping that long-term stability, policy certainty, and economic strength can finally be achieved.

Since his tenure began, economic stability has seemed like a dream; far off in the future, without any realistic path to achievement. But now that he has five years in front of him, Ramaphosa is aiming to end corruption, restore confidence in state-owned organisations, create new jobs in new industries, embrace the Fourth Industrial Revolution, and drive steady economic growth as the dominant African player in global markets. Without doubt, his ambitions are shared by the business community, and the certainty that comes with his election has been largely welcomed.

At the Port of Cape Town – one of the key entry points for goods into South Africa – Port Manager Mpumi Dweba tells us about major investments that are set to be realised in the coming years. At Palabora Mining Company in Limpopo – South Africa’s largest copper mine – Comms Manager Lydia Radebe tells us that underground expansion of the mine continues to move downwards with great success. In Cape Town, at CT Aluminium – leading window and door manufacturer – huge investments into new technology are now starting to show their value. Beverage manufacturing specialist, The Beverage Company, is planning expansion into new markets. Clearly, for those with a well-planned strategy, South Africa remains an upbeat place to do business, and further certainty will only add to the positivity.

Get in touch and tell us more about what the results of the election mean to you, and if you believe that anything will change in the future, as promised by President Ramaphosa. We’re online, as always, @EnterpriseAfri1 and at LinkedIn.