Zuma did nothing wrong?! How childish, says political analyst Moeletsi Mbeki

I was just in South Africa. I was impressed… by the incredibly vigorous press… it’s encouraging…

Gideon Rachman, Financial Times

I was taken aback when he said Zuma has done nothing wrong… I felt that was very childish!

Moeletsi Mbeki, Nedbank

It’s just a matter of time… Cyril Ramaphosa will launch a more meaningful assault on corruption…

Goolam Ballim, Standard Bank

On Monday the Financial Times published an article headlined “Why South Africa matters to the world”.

Financial Times is the most important business publication in the world, according to the Global Capital Markets Survey.

In the article author Gideon Rachman writes that Nelson Mandela’s dignity “gave him the international status of a Gandhi”.

In the immediate post-apartheid years, writes Rachman, “South Africa seemed poised to buck the dismal trend of much of post-colonial Africa.”

However, under Jacob Zuma many people – even anti-apartheid veterans – were muttering that South African was heading the way of Zimbabwe.

South Africa matters to the world.

It is the only African G20 country, and the most developed country on the Continent, by far.

South Africa has world-class companies, a sophisticated financial sector and outstanding transport infrastructure, says Rachman who adds, “If, despite all this, South Africa slides inexorably backwards, cynicism about the future of the African continent will grow in the rest of the world.”

The Money Show’s Bruce Whitfield interviewed Rachman (chief foreign affairs commentator at Financial Times) and Nedbank political analyst Moeletsi Mbeki.

Whitfield also spoke to Standard Bank Chief Economist Goolam Ballim.

Listen to the interviews in the audio below (and/or scroll down for more quotes from it.)

It’s partly a legacy of the Mandela era… Post-apartheid South Africa became an informal spokesperson for the Continent… it feels like a, kind of, ‘safe Africa’…

Gideon Rachman, Financial Times

Mugabe started with mass political violence very early… South Africa is still a very, very long way from that…

Gideon Rachman, Financial Times

If it turns into a long, drawn-out political crisis… that would be damaging…

Gideon Rachman, Financial Times

The President is elected by Parliament, not the ANC!

Moeletsi Mbeki, Nedbank

The ANC will presumably partner with the EFF in a vote of no confidence.

Moeletsi Mbeki, Nedbank

It was not Zuma who dismantled the Scorpions [it was the ANC]… Investors know it [corruption] is systemic.

Moeletsi Mbeki, Nedbank

February is only anchored by Valentine’s Day! Everything else seems fluid.

Goolam Ballim, Standard Bank

Sona will be delivered by Cyril Ramaphosa…

Goolam Ballim, Standard Bank

Ratings agencies judge a nation on its will - and ability - to pay its debt… Leadership matters… the personality matters…

Goolam Ballim, Standard Bank

It would be elegant if he steps aside…

Goolam Ballim, Standard Bank

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Venezuela inflation rate expected to top 1 000 000% by year-end

Venezuela inflation rate expected to top 1 000 000% by year-end

Venezuela – once as rich as Norway – is suffering an apocalyptic collapse without precedent.

What is a hedge fund?

What is a hedge fund?

The Money Show’s Bruce Whitfield interviews Fairtree Capital Portfolio Manager Jean-Pierre Verster.

100-year-old Truworths reports fewer sales and a 7.3% decline in earnings

100-year-old Truworths reports fewer sales and a 7.3% decline in earnings

The Money Show’s Bruce Whitfield interviews Truworths CEO, Michael Mark.

We have made progress in delivering on our promises to Marikana – Lonmin CEO

We have made progress in delivering on our promises to Marikana – Lonmin CEO

The Money Show’s Bruce Whitfield interviews Lonmin CEO Ben Magara.

4 tips for safely investing right now when everything is so hectic

4 tips for safely investing right now when everything is so hectic

Bruce Whitfield asks Personal Financial Advisor Warren Ingram for advice on how investors can safely navigate this hectic time.

Solutionist Thinking: In Conversation with Stacey Brewer

Solutionist Thinking: In Conversation with Stacey Brewer

A school with individual learning paths for each child, and no need for textbooks? SPARK Schools CEO Stacey Brewer joins Bruce Whitfield.

Popular articles
[WATCH] Teen shoved off bridge by pal into river

[WATCH] Teen shoved off bridge by pal into river

A Washington teenager was badly hurt when her friend pushed her off the bridge after she said she didn't want to jump.

I've always known what space I wanted to be in - Trevor Stuurman, visual artist

I've always known what space I wanted to be in - Trevor Stuurman, visual artist

#NightTalk host Gugu Mhlungu chats to entrepreneur & multimedia visual artist Trevor Stuurman about his accolades and inspiration

Africa State of Mind: ''They call me the real Makoya' - Femi Koya, musician

Africa State of Mind: ''They call me the real Makoya' - Femi Koya, musician

In this episode of Africa State of Mind, musician Femi Koya chats to Lee Kasumba about leaving Nigeria to come to South Africa.

I've always said that stories are the mothers of all disciplines - Gcina Mhlophe

I've always said that stories are the mothers of all disciplines - Gcina Mhlophe

Phemelo Motene chats to the mother of storytelling & a poet to the masses, Gcina Mhlophe about what it means to share your stories

This is how the Pebbles Project is protecting kids that live in the Winelands!

This is how the Pebbles Project is protecting kids that live in the Winelands!

Fundraising and Outreach Manager at the Pebbles Project, Charmaine Gola, chats about the work they do & their focus on the youth

The nutritional, environmental & socio-cultural benefits of indigenous foods

The nutritional, environmental & socio-cultural benefits of indigenous foods

'You need to look outside your traditional shopping centers to actually eat traditional food in the city' - Mpho Tshukudu, author

ProKid described as a true family man who loved his mom

ProKid described as a true family man who loved his mom

His brother Sandile Mkhize says he promised ProKid that he will continue where he left off.

'The Suzuki Dzire is the perfect day-to-day runaround car' - Jacob Moshokoa

'The Suzuki Dzire is the perfect day-to-day runaround car' - Jacob Moshokoa

In the car feature, automotive journalist Jacob Moshokoa chats about his experience driving around with the Suzuki Dzire.

[LISTEN] Codeine addiction and abuse

[LISTEN] Codeine addiction and abuse

Member of the SASOP, Dr Eugene Allers chats about the causes behind addiction to over the counter medication.

Phemelo responds after listener congratulates her for speaking wonderful English

Phemelo responds after listener congratulates her for speaking wonderful English

'To congratulate me, and to make it seem like this is an accolade is extremely offensive because of our history' - Phemelo Motene