Business leaders fear that South Africa risks becoming a failed state (original) (raw)
May 22nd 2023|JOHANNESBURG
When Cyril Ramaphosa became South Africa’s president in 2018, business leaders were ecstatic. Here was one of their own: a pragmatic tycoon to fix the incompetent kleptocracy of Jacob Zuma. Yet five years on, bosses of large businesses are exasperated. CEOs from several different industries—such as Neal Froneman of Sibanye-Stillwater, a mining company; Daniel Mminele, the incoming chair of Nedbank; and Ralph Mupita, of MTN, a telecoms firm—have sounded the alarm. Could South Africa become a failed state?
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This article appeared in the Middle East & Africa section of the print edition under the headline “Fear of the failed state”
From the May 27th 2023 edition
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