Newsletter| 'We honestly could not have all prayed for a better outcome. The ANC and President Cyril Ramaphosa emerging victorious ensures stability, security and continuity' - Bonang Mohale
All things aside, the outcome of the 2019 national and provincial elections which confirmed the continuity of the ANC's governance was exactly what South Africa needed to ensure that credit rating agencies retain a favourable credit score on the country.
Mohale’s sentiments came after the rand hit a more than two-week high on Friday when the ANC’s parliamentary majority became clearly unassailable. “The economy is on its knees, inequality at an all-time high, young black graduates are roaming the streets, crucial infrastructure is in a state of decay, and lawlessness is epidemic.”
“The government also has to undertake a huge infrastructure development programme to address the huge unemployment rate as this would encourage investors,” said Mohale.Mohale, however, bemoaned the ANC’s failure to ensure gender parity in their recently announced premier candidates following last week’s win in the polls, saying this was a sign that “patriarchy was still being heavily protected” by the party.
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