BIS central bankers’ speeches  3  the price of a product like electricity is good for all the millions of users of electricity but painful for the producer, the latter having to become more efficient. For this reason, reform opponents usually mobilise more effectively than the prospective beneficiaries. Nonetheless, there are extra, easy benefits that make reform yet more attractive right now.
South Africa has acquired a reputation for devising sound development strategies and then failing to implement them. Following through on reform could reframe the whole South African narrative and boost business confidence. Global conditions would also help. Interest rates are now exceptionally low internationally, and investors are desperately searching for yield.