Ramaphosa gets a rare opportunity to shine on the global stage

The mystery behind Friday’s cancellation of Team SA’s pre-Davos breakfast has been solved. It seems President Jacob Zuma won’t be going. I received my invite to the Team SA’s traditional get-together in the Swiss resort. It will be hosted by Deputy President Cyril Ramaphosa.

READ: Zuma ditches Davos

The World Economic Forum is not exactly Zuma’s happy place. Last year, participants arriving in Davos were greeted by a full page article in a leading Swiss newspaper headlined “A toxic President” – complete with the most unflattering pic you’re likely to see (Zuma slumped over, asleep, at a conference).

Also at the WEF in 2016 there was his “no show” for the high profile televised session on Africa’s Investment potential – with a subsequent disclosure that Zuma spurned global investors for a meeting with a fellow socialist, Swedish Prime Minister Stefan Löfven.

Having Ramaphosa lead Team SA is not a bad thing. It will be a rare opportunity for him to shine on the global stage, well away from his tainted boss’s dark shadow.

Cyril could certainly do with sprinkling some sparkle on his Presidential ambitions. But most of all, this spares the rest of us the sickening hypocrisy of warring ANC factions attempting to show the world a united front.

* For more in-depth business news, visit biznews.com or simply sign up for the daily newsletter.

Read Fin24's top stories trending on Twitter:

ZAR/USD
17.13
(-1.36)
ZAR/GBP
21.83
(-1.11)
ZAR/EUR
19.91
(-0.87)
ZAR/AUD
12.05
(-0.95)
ZAR/JPY
0.16
(-1.10)
Gold
1862.20
(-0.21)
Silver
22.91
(-1.15)
Platinum
850.00
(+0.47)
Brent Crude
42.26
(+0.47)
Palladium
2219.00
(+0.04)
All Share
53587.11
(-1.22)
Top 40
49547.74
(-1.16)
Financial 15
9401.28
(-1.95)
Industrial 25
72949.70
(-1.72)
Resource 10
53453.42
(-0.10)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1365 votes
It depends on how the funds are used.
73% - 8840 votes
No. We should have gotten the loan elsewhere.
16% - 1954 votes
Vote