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Glacier Quarterly 1 - 2018

In this first edition of Glacier Quarterly for 2018, we cast our gaze across the year ahead – with a little more positivity than in previous years.

In this first edition of Glacier Quarterly for 2018, we cast our gaze across the year ahead – with a little more positivity than in previous years.

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POLITICS<br />

Why did Ramaphosa appoint such amazing individuals to the top<br />

jobs in the economic portfolios yet retain some seriously questionable<br />

individuals in others? The fact is that the ANC is still a divided house.<br />

Ramaphosa’s reformist agenda will continue to be pushed back by<br />

some within his own party because he is not totally in charge.<br />

With his slim majority at the ANC conference in December, plus a<br />

deeply divided ANC top six, concessions had to be made to the losing<br />

side. Thus elements that had been discredited and yet were key to the<br />

Nkosazana Dlamini-Zuma ticket were accommodated in the Cabinet<br />

reshuffle. It doesn’t mean they are there to stay. Ramaphosa himself<br />

has said that this is a transitional arrangement, meaning that once he<br />

has amassed enough power and sway within the National Executive<br />

Committee of the ANC, further change will come. Our expectation<br />

is that a slimmer Cabinet, with fewer than 30 members, will be<br />

announced after the 2019 elections. Then the dead wood will go.<br />

There will be many other bumps on the political road ahead.<br />

The first point of uncertainty is land expropriation without<br />

compensation. Just a day after Ramaphosa’s Cabinet announcement<br />

the National Assembly adopted a motion to investigate and review the<br />

feasibility of land expropriation without compensation. It was an EFF<br />

motion amended by the ANC.<br />

This is a challenge for the Ramaphosa administration. Until clarity<br />

and certainty about the road ahead can be brought to bear on the<br />

issue, many will worry about what this means for the meaning and<br />

upholding of property rights in South Africa. Ramaphosa, a former<br />

businessman who is as affected by these issues as many investors<br />

fretting about them, must surely be seized with the fact that such<br />

uncertainty means a potential freeze on investment. Will he act swiftly,<br />

slowly or play the long game?<br />

The first point of<br />

uncertainty is land<br />

expropriation without<br />

compensation<br />

This is therefore the trend we find ourselves in for the next year:<br />

the Ramaphosa rally will continue, but it will be muted by events such<br />

as unclear policies (such as that over land and the National Health<br />

Insurance scheme) and the reality of having poor ministers in place in<br />

some portfolios.<br />

South Africa’s political life through the ages has never been a<br />

straight line. It’s full of progress and setbacks. This year promises to be<br />

the same. Fortunately, with Ramaphosa at the helm of the ANC, we still<br />

see more positives than negatives.<br />

Justice Malala<br />

Political commentator,<br />

newspaper columnist, public<br />

speaker and bestselling author

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