The notion that changing the president and getting rid of the Gupta family's influence will fix the economy is naive.
In order to fix South Africa’s economy we need the wholesale slaughter of a number of sacred cows.Here are some solutions:
1) Abolish all forms of capital movement restrictions for both residents and non-residents alike.
2) Abolish BEE and any requirements on employers as to whom they may or may not employ, unionised or otherwise. Ensure that all workers are legal and that companies have adequate safety and welfare programmes for their employees.
3) Abolish the minimum wage. In a free and unfettered economy the best companies will pay more to get the best workers irrespective of minimum wage.
4) Abolish the Reserve Bank. Central banking has been a disaster since its inception.
The US Federal Reserve came into being in 1913, and the US dollar now buys 1% of what it did then.
It was created to look after the interests of the wealthy. Read The Creature From Jekyll Island, which refers to Jekyll Island in Georgia, where it was conceived.
All central banks do likewise.
Oversee the commercial banks, and allow them to create credit and currency as the economy grows.
Protect the depositors, but allow the shareholders and bondholders to suffer the consequences of the banks’ mistakes, as in the Hong Kong model.
5) Reduce personal and corporate income taxes. The initial loss of revenue will be regained when economic growth reaches 5% as the rest of Africa and the world begin to invest here.
Allow unfettered capitalism to do what it does best.