While South Africa has made progress since forming the Government of National Unity (GNU) in 2024, particularly in electricity and logistics reform, these incomplete achievements fall short of building the deep credibility needed to convince investors and businesses that the future will be meaningfully better, says public policy think tank Centre for Development and Enterprise executive director Ann Bernstein. There are some areas of progress and the GNU deserves credit, but the question is not whether some things are better than they were, but whether the country genuinely believes it is on a trajectory that will lift investment, growth and employment; none of which has improved meaningfully.