South Africa: Ramaphosa Targets Structural Reform to Boost Confidence

The South African government is signaling a pivot towards stricter governance protocols to stabilize sentiment around the ZAR and sovereign credit outlook.

Shift from Patronage to Performance

In a bid to regain public and investor trust, the ANC, led by President Cyril Ramaphosa, has announced plans to purge underperforming officials. The administration is urging a decisive shift from patronage-based staffing to performance-based appointments within the state apparatus.

Anti-Graft Commission Resumes

The Madlanga Commission has resumed its probe into criminal justice graft, scheduled to hear testimonies this week. These developments suggest a effort to address institutional weaknesses affecting foreign investment.

Market Snapshot

• Currency Focus: South African Rand (ZAR)
• Key Political Driver: ANC leadership restructuring
• Economic Factor: Sovereign credit outlook stabilization
• Institutional Anchor: Madlanga Commission graft probe