Nedbank CEO Says Ramaphosa Facing 'Enormous Hurdles'

The transcript discusses South Africa's economic transition, highlighting the challenges faced by the new president, including structural issues and corruption. It also covers the country's credit rating status and the potential for economic growth with market-friendly policies. The importance of upcoming political events, such as the state of the nation address and budget announcements, is emphasized as key to the country's economic future.

How has the fiscal deficit changed over the last few years in South Africa?

What expectations do you have regarding the upcoming state of the nation address and budget?