Ramaphosa’s ‘New Deal’ could revive investor confidence, restore fiscal discipline – …

President Cyril Ramaphosa’s economic policy platform – otherwise known as the ‘New Deal’ for South Africa – does not represent a significant philosophical departure from stated objectives in the existing National Development Plan (NDP), but Ramaphosa’s focus on economic stewardship and reform does appear to mark a political inflection point for South Africa, says investment banking, securities and investment management firm Goldman Sachs. The ‘New Deal’ is designed to correct the policy missteps and leadership failures of the past decade, reverse the deterioration of institutions and support business and consumer confidence.