Tag: Jacob Zuma

After three years of public hearings and with a price tag of over a billion Rand, Justice R.M.M. Zondo, the Acting Chief Justice of the Republic of South Africa, handed the fourth part of the report on state capture and corruption during the presidency of Jacob Zuma, to President Cyril Ramaphosa.

Volume 1 of the second Zondo Report (Zondo 2), which deals with Transnet, graphically shows how important it is for a CEO to appointed who has the right qualities - and, consequently, the board’s respect. CEO appointments should be the prerogative of the board in terms of governance best practice.

I am perplexed as to why it should matter how the meeting between the ANC’s top 6 and former president Jacob Zuma went. They met him, apparently in an attempt to persuade him to comply with a court ruling and appear before the Zondo Commission of Enquiry. And they updated the country as if we should care.

Whereas there might be many faces to Jacob Zuma, most of them can be condensed into two primary themes. He is either the villain, ominous and threatening and openly defiant of the law, the NEC and of the wishes of the country; or he is the victim: wide eyed, picked on and singled out for very little reason.

In spite of Cyril Ramaphosa’s ‘new dawn’, there are powerful forces in the ruling party that risk losing everything if corruption and state capture finally do come to an end. At the centre of the old guard’s fightback efforts is Ace Magashule, a man viewed by some as South Africa’s most dangerous politician.

The media reports are full of such stories; albeit cheating in sports, State capture, wide-scale corruption at governmental, provincial, municipal, parastatal, corporate and the...

Political uncertainty through transitions and instability are among the key risks for businesses in Southern Africa in 2018. 2018 will see continued uncertainty around political leadership in our Southern African markets. The transitions in Zimbabwe and Angola in 2017, elections in Mozambique in 2018, and factionalism within South Africa’s ruling African National Congress (ANC) once again remind businesses in the region of the importance of gaining a clear understanding of the impact of such uncertainty on their risk environment.

Geoff Blount | Managing Director | BayHill Capital | geoffb@bayhill.co.za | www.bayhillcapital.co.za |  This is a win for Cyril Ramaphosa, but given the make-up of the new NEC, this is not necessarily a loss for the Zuma faction within the ANC. Markets got this one wrong – and were pricing in a Cyril slate victory, rather than a “hung” NEC. Hence, we expect the rand and the domestic-facing stocks to weaken tomorrow after their recent rally. Some of the euphoria will be repriced out of the market and it will retrace some of its steps as the reality sinks in. If people were looking for

By Jacques Pauw Those keeping Zuma in power and out of prison Investigative journalist Jacques Pauw exposes the darkest secret at the heart of Jacob Zuma’s...

South Africans are angry! South Africans are hungry for justice! As a society, we have had to endure a significant amount of frustration at the lack...