Economic reforms and processes should be happening faster - Ramaphosa

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President Cyril Ramaphosa. (Photo: Getty Images)
President Cyril Ramaphosa. (Photo: Getty Images)

President Cyril Ramaphosa expressed his frustration over the slow speed of economic reform in South Africa - and how long it takes to get things done because of red tape.

Responding to questions after announcing that the Transnet National Ports Authority would become an independent subsidiary of Transnet, and wholly-owned by Transnet, a reform that was 15 years overdue, he said this process should now move with speed.

Ramaphosa made the announcement during a visit to the Port of Cape Town on Tuesday, saying the changes were in line with the National Ports Act of 2005.

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