South Africa Needs to Fix State Owned Enterprises to Drive Growth, Says Yale Senior Fellow

The video discusses the urgent need for economic growth in South Africa, highlighting the importance of reforming state-owned enterprises like Eskom and creating a business-friendly environment to attract foreign investment. It addresses political challenges within the ANC and the cautious approach of President Rama Posa. The video also examines unemployment issues, the impact of global economic conditions, and potential risks like the coronavirus.

What is identified as a major obstacle among state-owned enterprises in South Africa?

• Transnet

• Eskom

• Denel

• SAA

What approach has President Ramaphosa taken compared to his predecessor in terms of party modernization?

• Unchanged

• More aggressive

• More radical

• More cautious

What is the unemployment rate mentioned in the transcript?

• 20%

• 25%

• 30%

• 35%

What growth rate is considered necessary to significantly reduce unemployment in South Africa?

• 5%

• 7%

• 3%

• 1%

Which two countries are highlighted as having a significant impact on South Africa's economic conditions?

• India and Brazil

• China and the US

• Russia and Japan

• Germany and the UK

What global event is mentioned as a potential risk to the South African economy?

• Oil price fluctuations

• Brexit

• Coronavirus pandemic

• US elections

What role does the President of South Africa hold in the African Union?

• Chairman

• Secretary General

• Vice Chairman

• Treasurer