Ramaphosa in trouble

  • Thread starter Thread starter Bloomberg
  • Start date Start date
This was published in The Economist:


Business leaders fear that South Africa could become a failed state​

CEOs have realised that running the country cannot be left to the ANC​


Business leaders were ecstatic when Cyril Ramaphosa became South Africa’s president in 2018. Here was one of their own: a pragmatic tycoon to fix the incompetent kleptocracy of Jacob Zuma. Yet five years on, those running large businesses are exasperated. Bosses 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 MTN, a telecoms firm—have sounded the alarm. Could South Africa become a failed state?

Already in 2023, blackouts by Eskom, the electricity utility, have surpassed those of 2022, hitherto the worst year on record (see chart). Businesses are planning for the total collapse of the grid. “If this crisis continues, we will not be able to guarantee stable supplies of food, medicines and other essential goods,” wrote retail bosses in a letter to the president in February. Morale dipped further when the rand plummeted to a record low after America’s ambassador ealier this month accused South Africa of covertly sending arms to Russia.

CEOs have all but given up on Mr Ramaphosa fixing the problem himself. So firms are sending staff to government departments, including his office: a very South African solution. Those with means find private alternatives to a failing public sector: with health insurance, private schools and security, or solar panels on homes. It also illustrates the scale of the crisis.

Continued
 
Nothing quite like having 30%'ers running a key constituency

I hope they all go bankrupt. Licking arse needs to have consequences
 
The SABC has had some scathing interviews recently:


Ramaphosa is not the new dawn he promoted his presidential reign will be, but anyone who says that Zuma was a better president is delusional. All the decay during Zuma’s tenure was shrouded by state capture and deepened cadre deployment which, in my view, is prevalent to this day. The ANC is also not willing to deal with state capture and economic instability and its attached sabotage, why? Now we move with the Russians.

From my side, this nation needs a change.
 
NOTES FROM NASREC | Ramaphosa's victory over crass looting class doesn't  alleviate SA's multiple crises | News24
 

The question is though, is Ramaphosa the SA president in the ANC’s view? During the national lockdown, some people were convinced that Nkosazana Dlamini Zuma was in charge.

Figurehead? As I have said many times, this nation is practically run by the ANC's NEC. Look at our cabinet, it is loaded. This is not to ignore that Ramaphosa has been centralising powers within The Presidency, why, who isn’t he trusting, does he need grip?

Something tells me that the ANC themselves are internally misaligned, or as they would say, non-aligned. Mind you, Ramaphosa has been re-elected as the ANC's president and the ANC's MPs have stood by him. Something isn't right.
 
The SABC has had some scathing interviews recently:


Ramaphosa is not the new dawn he promoted his presidential reign will be, but anyone who says that Zuma was a better president is delusional. All the decay during Zuma’s tenure was shrouded by state capture and deepened cadre deployment which, in my view, is prevalent to this day. The ANC is also not willing to deal with state capture and economic instability and its attached sabotage, why? Now we move with the Russians.

From my side, this nation needs a change.
What a dumbass woman funding the squirrel.
 
And? Nothing will change. The plebs will still vote ANC until jesus comes
 
Top
Sign up to the MyBroadband newsletter
X