President Cyril Ramaphosa has acknowledged that corruption remains a deep-rooted problem in South Africa but insists that his administration is actively working to tackle it.
Speaking during a fireside chat at the ASEAN Business and Investment Summit in Malaysia over the weekend, Ramaphosa admitted the extent of the problem while assuring investors that decisive measures are being taken.
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His visit forms part of South Africa’s broader push to attract investment from Asian markets as global trade dynamics continue to shift.
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Ramaphosa identified corruption, unemployment, poor governance and failing infrastructure as among the biggest challenges facing the country but said efforts to correct them were showing progress.
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“Corruption is rife, not only in government but in the private sector. We’re dealing with that and we’re dealing with criminality and enforcing the rule of law. So, all the important indicators are getting into place and are being well aligned and addressed,” he said.
Ramaphosa Assures Investors South Africa Is on the Road to Recovery
The president told delegates that reforms were already bearing fruit, and that investor confidence in South Africa was slowly being restored. He highlighted ongoing reforms in state-owned enterprises as part of the government’s broader turnaround strategy.
“Our economy is going to start turning around. In fact, it is already turning around. Our state-owned enterprises are also being reformed. So, we are on a good path, going forward, and rebuilding South Africa and delivering a South Africa that many countries can deal with,” Ramaphosa added.
Ramaphosa’s remarks come as his administration continues efforts to convince international partners that South Africa is serious about governance reform and economic renewal.
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