Sygnia CEO Magda Wierzycka said President Jacob Zuma should be offered as much money as he wants, and full immunity, to convince him to step down.
Speaking to Bruce Whitfield on CNBC MoneyMaker, Wierzycka said it will be a good investment for South Africa.
“The damage that can be done to the country and the economy in a very short period of time is so much greater than any amount of money that Zuma could possibly want to live out his years,” she said.
Wierzycka also criticised big business in South Africa for not speaking out against Zuma’s actions.
“I believe we have a very powerful voice which we should be bringing to the table,” she said.
“We are sitting with a situation which was completely and artificially created by one man’s whim in dismissing Pravin Gordhan.”
“So let’s be clear. A few weeks ago, we did not have credit ratings downgrades on the table. Now we are junk.”
She said the downgrades will affect every part of society, and are particularly bad news for the poor.
“We should be talking about poverty, inequality, social welfare, job creation, economic growth, education, and health care,” she said.
“Instead, we are talking about graft, corruption, SASSA contracts, people’s love lives, people’s emails, SMSes, and BEE deals. It is ridiculous.”