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
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