Cabinet GNU: The strengths, the weaknesses — Ray Hartley

Loading player...
There are some big surprises and disappointments in the first Cabinet of South Africa’s new Government of National Unity (GNU). In this interview with BizNews, Ray Hartley of The Brenthurst Foundation looks at how well matched the new Cabinet is to deal with the country’s priorities over the next five years. He says it is “clearly not a proportional cabinet” - and it “does weaken things a little bit” and “makes it less difficult” for the Democratic Alliance (DA) should the day come when they have to leave”. He points out that it is “quite clear that the ANC is not letting go of the Economic Cluster”. And he is concerned that South Africa “may have an underperforming Cabinet” - and that the necessary reforms “may not occur swiftly enough to actually get to deal with these big logistical problems that are holding up economic growth”. However, he stresses that “it could have been a lot worse” - and that the outcome has shown that it is possible “to reach across some big divides in the interests of pragmatic progress”.
1 Jul 2024 7AM English South Africa Investing · Business News

Other recent episodes

BNC#8; John Endres Q&A - Jobs, politics and the investment freeze no one wants to admit

South Africa’s future hinges on one simple truth: jobs come from growth, and growth comes from political choices. This sharp discussion unpacks how policy, ideology, and global alignment are choking investment and costing livelihoods. Inside the ANC, paralysis, fear, and patronage block reform - despite clear evidence of what works…
10 Apr 9AM 32 min

Roy Tilley: The municipal "Rates Randage Monster" strangling South Africa's property owners

Durban businessman Roy Tilley says a deeply flawed municipal rates formula is pushing property owners and small businesses toward a financial breaking point. In this interview, the Queensmead industrial property owner explains why he believes ever-rising rates are becoming impossible to absorb, hurting tenants, jobs and investment, and argues that…
10 Apr 9AM 20 min

BNC#8: Magnus Heystek Q&A - The brutal truth about South Africa’s financial future

A sharp, no-holds-barred conversation on South Africa’s financial reality - rising offshore limits, shrinking property values, and the struggle for economic revival. From Johannesburg’s decline to gold’s surge, and investor psychology to policy failures, this discussion cuts through the noise. It’s a candid look at risk, resilience, and the tough…
10 Apr 6AM 34 min