This shouldn’t be news, but there was many doubters to the Economic Freedom Fighters (EFF) and the party itself created by the former African National Congress Youth Leader Julius Malema. The one with the biggest fallout and also helped the rise of former Jacob Zuma. This man shouldn’t be underestimated. Because who else can speak of economic inequality and still be known for wearing Louis Vuitton from head to toe.
Its been know how Malema uses words and garn people’s attention, how he has build grassroot organizations and also been active in politics since forever. He was a key supporter and helper of Zuma, even made sure the Unions was on Zuma’s side at some point. However, that love was lost. Malema was suspended and never could return to the party.
That didn’t stop Malema who has become a bigger figure and one of the top leaders in the South African politics. Him and Mmusi Maimane is the future of politics, both on different branches, but still they have their place.
Malema will speak of the state organized and get state controlled over the mineral resource, nationalizations, the saving of the land and take back what was taken by the colonizers and apartheid. Malema will really fight for those causes, in a tone that is in stark contrast to plenty. Some will be afraid, but others should look to it as an aspect of needed voices in the midst of poverty. There aren’t everyone who will stand-up for the left behind in the townships, but Malema will.
Even if Malema himself is the political elite and wealthier than most. Still, his message differ from that, the way he speaks economics and policies in general. It is based on the matter of liberation and freedom of the masses, while getting more state control and less of the ones who is looting the riches of the Republic. That is where Malema is, not that everyone can accept that. But the need for the narrative is there, as he has gained his following and been able to build a viable party.
They might look like red colorful brigade in the Parliament, the National Assembly wouldn’t be the same without the people Malema has around him. The EFF Party has shown what they are capable of and the leadership of Malema makes sense. He proven that in ANC and ANCYL especially. Therefore, the ones surprised that EFF turned 5 years. Has forgotten his methods and his ways as leader there.
They wouldn’t think he would build a foundation and loyalty, also continue to work on the base of supporters and spread his message? That is what Malema has done. Even if you don’t agree with him. You got to be impressed. It takes time to build a party and he has achieved a lot since being kicked out of ANC. No one can deny him that.
Therefore, never ever, ever, ever think of underestimating Malema. He is not for the short-con, he is for the long-con, if not he is for the cause and the principals. He might sound like big buffoon doing so, but don’t misjudge him. That he will use to undress you and your stances. Malema is coming, all of us don’t know how, but he will come.
Either with blazing guns, with revolutionary tales, if not a Louis Vuitton belt and suit shining like a Prince. Who knows, but don’t let his appearance fool you, he something up his sleeve. Peace.
Maan, this was a slow train coming, so slow, it was close to glacier slow. This was insanely long ride around and around, where the Executive and Long-Con of Jacob G. Zuma could get away with insane amounts of alleged crimes. I cannot remember anyone else having such levels of corrupt behavior and walking around like it didn’t matter. That is because he could and he lived lavish this way. What is sad is how he ate of the state, used State Enterprises and made illegal tenders to companies that paid him off. That is what he did and now does the ghosts of the past haunt him.
People can wonder why it took so long, why the past crimes are hunting him now, but the system comes your way, when your not needed or not even salvaging it. If he could directly indict and allege crimes on others in the near space of power. They would have been careful taking down the former President. But they seem not to care. That today he was indicted for fraud, money laundering, racketeering and false statements on tax returns. Clearly, this is going back to the ‘arms deal’, that was the ending of the Mbeki Presidency. This is so the current African National Congress is directly hurt.
This is political, but also about time. There are many cases and many business deals that could have been indicted for, there are many questionable activity that Zuma could face. This is just the first, as he has stifled the state with the bill of 15 million rand for stopping the investigations and the trials of cases going to court.
What is special about the indictment sheet in the scenario, is that the state was waiting for 11 years to serve it. Especially the ones released to the public. That means the state was saving this from 2007 and serving the criminal in 2018. This shows the intent and the hard-work of Zuma to not be put in court. As he as the head of state, couldn’t become a criminal for his economic activity.
The, then President, used his methods and expertise, he used his political power and his associates to fix deals, secure kickbacks, to earn wealth on the state bidding. That is why the state has the rights to indict him for the ‘arms deal’, which was the ending of Mbeki, is now the one that might be the final nail in the coffin of Zuma’s legacy. If should have been anything, it should be his house in Dubai, his Nkandla Village Project and the whole Gupta based economy project, that made the Republic in junk status.
Well, that would hurt the ANC of today, this indictment doesn’t hurt political operatives right now. Unless, Zuma has something up his sleeve, he is a man for the long-con, but the final state of affairs is getting closer and he hasn’t the powers or rich-friends to bail him out. There is no direct get-out jail free-card. That is if he doesn’t have skeletons in the closet, that he is willing to use to destroy the party and the ones in power right now. Than he is really ruthless and revenging, the ones who brought him down. Peace.
Ramaphosa has promised to speed up the transfer of land to black people, but has stressed the need to preserve food security.
JOHANNESBURG, South Africa, March 28, 2018 – South Africa’s new president Cyril Ramaphosa will need to call on all his dealmaking skills to overhaul ailing state-owned firms and tackle land reform if he wants to capitalise on Moody’s decision not to downgrade the country’s debt to junk.
Moody’s said its decision to keep South Africa’s rating at investment grade reflected its view the country’s institutions would regain strength under more transparent and predictable policies – though the new government had to stay on track.
Since replacing Jacob Zuma in February, Ramaphosa has reappointed the finance minister his predecessor fired in 2015, sacked some ministers allied to Zuma, put another respected former finance minister in charge of struggling state-owned firms and suspended the head of the revenue service.
“It’s a big deal,” political analyst Ralph Mathekga said about Moody’s decision. “What he has been able to achieve in two months is to reverse some of Zuma’s influence in key sectors. The message he sent is: ‘I can do more’.”
After his whirlwind start, Ramaphosa’s challenges now include keeping the unions on side as the government overhauls cash-strapped national carrier South African Airways (SAA) and heavily indebted state power utility Eskom.
Perhaps his stiffest test will be to push through land expropriation, as promised, to address racial disparities in ownership – while keeping the left wing of the ruling African National Congress (ANC) on board and not scaring off investors.
Parliament passed a motion last month seeking to change the constitution to allow land expropriation without compensation. Ramaphosa has promised to speed up the transfer of land to black people, but has stressed the need to preserve food security.
“A big deliverable is to initiate the land debate under his leadership to control the narrative and discourse. Should he fail to do this, he runs the risk of undoing the good work already done,” said Daniel Silke, director of Political Futures Consultancy.
Ramaphosa’s negotiating skills have been respected for decades, ever since Nelson Mandela turned to the former trade union boss to lead the successful negotiations to end white minority rule.
More recently, Ramaphosa had to strike a fine balance between applying pressure on Zuma to go, while still affording him a dignified exit. Now, same analysts say land reform is Ramaphosa’s litmus test.
“Are we over-estimating Ramaphosa’s ability to deal with this land issue? It is undoubtedly one of his biggest challenges. Investors are worried about this and watching him very closely,” said independent political analyst Nic Borain.
When it comes to South Africa’s struggling state-run companies, Ramaphosa will need to perform a similar balancing act and he has already named respected former finance minister Pravin Gordhan as minister of public enterprises.
Eskom and SAA are both weighed down by massive wage bills but the country’s powerful unions are likely to dig in their heels at any attempt to cut jobs, especially with elections looming in 2019.
Influential labour leaders, sections of the ANC and the opposition Economic Freedom Fighters are also likely to balk at any moves to partially privatise the companies, which is one strategy backed by the Treasury.
South African Airways runs one of Africa’s biggest fleets but years of operational losses have left it on the brink of bankruptcy. It needed a bailout in July to repay debt and 20 billion rand ($2 billion) in state guarantees to keep it afloat.
Eskom received a 5-billion rand loan in February from the state’s Public Investment Corporation (PIC), which holds a large amount of government bonds and ranks as Africa’s biggest investment fund, or it would have defaulted on its debts.
“There is going to be some tension when these job cuts are announced. It is a delicate balance because it could impact the support base of the party ahead of next year’s elections,” said Borain.
Still, Ramaphosa has already taken the politically risky step of raising value-added tax (VAT) for the first time since apartheid to try to reduce the budget deficit and analysts say he is unlikely to back down on reforms.
“He did not give in to populism on the VAT; this was a good example of him having to do something unpopular but necessary,” Borain said. “He is known to be a good negotiator.”
Finance minister Nhlanhla Nene expressed hope on Monday that S&P Global Ratings and Fitch might also look favourably on South Africa during upcoming reviews, saying investors he had met at a roadshow in London before Moody’s decision were upbeat.
S&P downgraded South African local currency debt to “junk” in November citing a deterioration in the economic outlook and public finances. Fitch cut its rating in April to sub-investment grade after Zuma fired Gordhan as finance minister. S&P will publish its review on May 25. Fitch has not given a date.
“I want to call this a honeymoon phase – and it is for that reason that we cannot be complacent about it,” Nene told Talk Radio 702.
Now that President Jacob Zuma resigned on the 14th February 2018, there is questions to what it will lead too. On the 16th February the African National Congress (ANC) and the Members of Parliament sworn-in Cyril Ramaphosa as their new President. Who after long days of drama all week was waiting for Zuma to step down. So Ramaphosa could become his successor. He did so and resigned so that he couldn’t be impeached by the Parliament on the 15th February, as Economic Freedom Fighter (EFF) Julius Malema, who wanted that vote and the Parliament Speaker blocked Democratic Alliance (DA) Mmusi Maimane, who wanted to dissolve the Parliament because of this. So, the opposition didn’t get their will from the ANC. But the years of fighting Zuma is now done, though it is starting to shift. Still, the opposition should want the judiciary and authorities to investigate Zuma and his associates futher. Not for retribution, but to make sure justice is served.
This week is evidence of how fickle the power is and sudden the reach of power goes away. The Executive Branch that Zuma hold from 2009 until 14th February 2018, one year before his term finished. Proves the volatile state of grandest power. That is also because Zuma and his comrades misused their time, instead of serving the people. They we’re more preoccupied with shady dealings and using state tenders to get kickbacks and graft. The reporting and the revelations has unraveled all sort of scandals that has tormented the presidency. Even if the President had powers to stop investigations and arrests. He still couldn’t stop the embarrassment of his shady dealings and his occupation with securing good deals for friends of his.
This has been evident with the power of the Gupta investor family who has started dozens of businesses, in all sort of markets that are based on government tenders, state owned enterprises and licenses. This being media, energy, minerals, banking and so on. All from Sahara Computers, Oakbay Investments, Oakbay Resources, ANN7 and New Age Newspaper. This is just the well known ones, not the other whose made with other investment portfolios, who surely has made some questionable tradings in the Republic. Since the Gupta based company has used Transnet, Ministry of Agriculture and Eskom for instance to get grand deals, but not delivering due diligence to the SOE’s.
So the Gupta are now in trouble as the Executive Privilege of Zuma is fallen. His basis of power is gone, as Ramaphosa came there and he hasn’t needed the support or supporting Zuma to be a big shot in ANC. That is why the ones who stood close and was appointed by Zuma himself or by help of Gupta’s can now wait their judgment.
The ones that can miss their places in the world are the likes of Bogani Bongo, Mosebenzi Zwane, Lynne Brown, Bathbile Dlamini, Malusi Gigaba, David Mahlobo, Fikile Mbalula, Nomvula Mokonyane, Nathi Mthethwa and Des Van Rooyen. All of these ministers and such can expect to be fired or should resign.
We should expect many of the appointed leaders in both the judiciary and in the ombudsman or public protector to be re-assigned somewhere else, as their independence has been within the reach of the President. They didn’t start using their power until Zuma had lost his power. The SAPS, Hawks and Scorpions should have come quicker against the Gupta and Zuma associates. Also, the SARS should follow the methods into the abuses done, so there are so many loose ties with shady deals, that needs to implicate more people, than most likely Ramaphosa want to see in bracelets. Since the ANC let the corruption happen over the years, not only because of Zuma, but because they wanted to eat.
We know that the power is fickle as Duduzane Zuma and Ajay Gupta are running from the law and there is 1 million rand on their head from the Police. This shows how quickly they went from rich heroes into fugitives. Two weeks ago, even if the public was tired of the stealing form the state, they we’re still Teflon. Now they are Bugsy Malone on the streets.
The South African electorate should hope that the investigations and that the people who has stolen from the state reserves are taken into custody and the pays for their crimes. All these corrupt activity and the hackwork done to make sure the Zuma family could get wealthy and the associates who wanted the same. Zuma should also worry that he could be indicted now and actually pay for crimes. He has enough counts and alleged crimes on him. So he could if charged and could serve time for it. Now that his presidency is over. Unless, he flees with stolen gains to his mansion in Dubai.
The Gupta family knows their in trouble, the Hawks raid and the price on the head of the family members can all meet all the different arms of justice. That the businesses and the tenders are annulled and the forged profitable businesses possibly fail. As other businessmen and other investors who actually not planning to eat government funds, but actually service delivery. Zuma knew he used them, because he would benefit from the agreements. That is why he changed financial minister to fit the deals between Zuma and his associates in Gupta businesses.
Let’s us see how far they can fall, how much punishment the state will give them, as they can now be served by the authorities. Even Zuma can now be touched. That is proven with his fleeing family member Duduzane. Now, let see if they will all fall from the cliff or will be left with scratches. We can hope that Ramaphosa and the judiciary are able together with the investigators to build cases that can actually verify the State of Capture and Denton’s Report. So that the state can follow the shady deals of Gupta’s, I am sure there are more than what has been reported by whistleblowers. The state should do what it can and scrutinize every single tender given to businesses connected to the Gupta family. Peace.