Tag Archive 'Jacob Zuma'

Apr 12 2011

On threshold of Armsgate breakthrough?

The stalemate in the Armsgate saga, starring SA’s ex-president Thabo Mbeki and featuring bribes for arms, will only be broken from outside South Africa. That’s been my gut feel for a while. A report in today’s Financial Times Deutschland (FTD) raised my hopes in this regard. [Read on]

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May 17 2009

Cosatu/Vodacom: The wake-up call

Published by under More News,Opinion

Cosatu’s attempt to stop the Vodacom listing (read here), is the clearest sign yet that there has, in fact, been a “jump to the left” under the Zuma government.

This is no “once-off act” by Cosatu; no act without context. No, this is the new, confident, Zuma-backed Cosatu flexing its muscles. And this is a taste of things to come.

I welcome the Vodacom/Cosatu debacle for two reasons: At long last the SA media, economists and community at large will now wake up to what the SA economy has on its hands – a very dangerous situation for the economic welfare of the community at large. 

Let the fun begin. First up, will be a drop in the rand. Then, well. We’ll have to wait and see. Maybe, a stand-off between Trevor Manuel and Cosatu? And Trevor’s resignation. Not impossible at all.

This was the wake-up call….the first good thing about the Vodacom/Cosatu debacle. The other good thing about it: The debacle might force Jacob Zuma to show his hand much sooner than many might have expected, ie. show whether he is going to be a president for all in SA, or only a section of the community.

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May 12 2009

MAN debacle mushrooms

Published by under Companies,Top Stories

The MAN bribe debacle (see below) made it onto the cover of Financial Times Deutschland (FTD) as the lead story today and the issue is bigger than thought until now.

Thankfully, South Africa hasn’t been mentioned to date. Let’s hope it stays that way. [Read on]

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May 11 2009

Zumanomics: A (disguised) shuffle to the left

Published by under Opinion,Top Stories

The parallels between what’s happening now and what happened in the period 1994 to 1996 are heaping. And the result will be the same: Growing uncertainty about the economic policy intentions of the South African government, to the point where it starts weighing on the rand.   [Read on]

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May 11 2009

Too sticky for SA’s teflon-president?

Published by under Companies,Top Stories

Oops, suddenly it looks as if the arms bribe allegations might be back to haunt Jacob Zuma, SA’s teflon-president. [Read on]

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May 07 2009

Getting ready for the “jump to the left”

Published by under Opinion,Top Stories

Media reports about a Commission of Economic Policy being planned in the Office of the President, are worrying. The mooted Commission is an attempt of trade union Cosatu and the SA Communist Party (SACP) to wrestle control over the money purse from the Ministry and Department of Finance. As described by The Economist in this article. [Read on]

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Sep 26 2008

MAN Ferrostaal, Mbeki and “the big silence”

Published by under Companies

First published on my old blog on 12/8/2008. 

Roughly nine days have elapsed since a South African newspaper published its first claims of bribery involving the SA president Thabo Mbeki and the German company MAN Ferrostaal on 3 August.  [Read on]

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Sep 25 2008

As if he’ll be there forever…

Published by under Opinion,South Africa

The business world was full of praise for SA’s new president today. Saying things like “he’ll be good for the economy” and “he’ll maintain current policies” and “he’ll be excellent”. [Read on]

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