Business leaders fear that South Africa risks becoming a failed state

When Cyril RamaphosaCEOMTN became South Africa’s president in 2018, business leaders were ecstatic. Here was one of their own: a pragmatic tycoon to fix the incompetent kleptocracy of Jacob Zuma. Yet five years on, bosses of large businesses are exasperated. s from several different industries—such as Neal Froneman of Sibanye-Stillwater, a mining company; Daniel Mminele, the incoming chair of Nedbank; and Ralph Mupita, of , a telecoms firm—have sounded the alarm. Could South Africa become a failed state?