There are something seriously wrong, as the State Capture Commission is on the works and the African National Congress (ANC) are slowing the process, as the Gupta businesses, the direct state corruption and all the back-logs of cases against the former South African President continues. This case has prolonged and pushed back, as the indictment of the previous President took so many years.
That is why Jacob G. Zuma are now in trouble, but the state is not clearing the shop. They are not going hard on the evidence or anything seemingly, as Zuma didn’t do this business and transactions alone. Zuma did it with the help of ANC as well. To enrich himself and his family, use the foreign investors family and state owned enterprises as vaults of funds to spend.
Zuma and his works for years are in the Courts combined with certain corruption scandals, but not all of them. We can wonder who will be implicated and whose family members that will be touched. As the Republic of South Africa and ANC should want to move-on, but they still need clarity of the crimes and the stolen funds. As the long time misuse of government funds is known, the amounts of scandals and possible embezzlement should clearly cost for the former President.
However, just as the Commission is doing its work, they are giving the bonafide thief a pension of 3 millions a year. We can just wonder what kind of spell Zuma has done to the ANC. As they accepted his business and his toying around with government funds. That was accepted, the ANC Executive Committee and others didn’t stop it. They didn’t silence it, Zuma and his associates was allowed to do so. Even as the ‘No Confidence’ votes came to the National Assembly, but the ANC stayed loyal for so long.
Therefore, the latest movement of giving him a pension is an insult, as the investigations, as the State Capture and the Corruption Cases are unfolding. The Previous President should be prosecuted and answer for what he did, together with his associates, even if that hit the core of ANC. That is if the ANC cares about justice and rule of law. They can answer as, we know Zuma wasn’t alone and they shielded him, because they all earned on these transactions. The Gupta, The Nkandla and the Arms Trade are all in same fashion. Zuma is the head, but the ANC accepted it and used the Ministries to vouch for him.
They are now even paying him fortunes for his retirement, as Zuma are now answering for his crimes. He has to be sentenced and in bracelets. For now he is free, but hopefully Zuma will pay for his actions. As he stole from the state coffers and made himself a village. That is a crime and the ANC should also take responsibility. It is the time to do so, Zuma is the head, but the party was behind him. They kept him and accepted his actions.
Zuma is a corrupt politician and was known for being so, still the ANC promoted his leadership and his actions. That shall be remembered. He deserves a trial and answer for what he did, but not alone, the rest of his associates should do to. 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.
It is interesting, that after a decade of getting away from the Courts, having the African National Congress (ANC) holding his hands and singing kumbaya around the burning fire. Before dwelling, this is by all means about the laid charges on former South African President Jacob Zuma. Whose had has his scandals in the years as President, and since he has stepped down. The backers has left the building, the banks and the business has broken down. If there ever was a house of cards, the supporting team and the business associations with Zuma is a proof of the need of the Executive to do business in South Africa in the Zuma Era. Nothing else is more evident than the fall of the Gupta owned enterprises and the sudden need for Business Rescue. The ones that are losing on all of this, has been the citizens and the state in general. Since the Gupta’s and Zuma’s has eaten of the plate and left breadcrumbs for the citizens. Now it might be changes, as the evident charges are proving.
This is happening for a man, that for ten years stifled the courts, and the cost came up to about 15 million Rands. It proves the extent of ill-will and ill-intent from the President. How he could use his position and navigate to get wealth while being in office. Nothing was happening, because of his backers and appointments was in his grace. While the Gupta’s could foot the bills and shower him with gifts. It was the good old days, where the Executive Branch of Government could use the State Owned Enterprises as Personal Goodie-Bag for the Gupta Owned Companies and earn a handsome profit. But since resigning and handing it over to Cyril Ramaphosa, the tides has changed, it is proven with the charge sheet. I will take the most brazen parts of it. To prove how ill it was.
Zuma is accused of:
“In terms of section 136 of the (final) Constitution accused 1 may not have- (c) used his position or any information entrusted to him, to enrich himself or improperly benefit any other person” (P:13, 2018).
He got 16 Counts against him. This being fraud, racketeering and corruption. This is serious allegations, but nor surprising in the sense of Zuma. He could surely have dozens more, but then you need the evidence and the witnesses to the affairs. This might implicate people who are still in office. That is the danger, that is maybe why these charges have come with these businesses and not others. But that is mere speculations, but worth noting.
“Accused 1* needed funds to pay for the development of his traditional residential village estate at Nkandla in rural northern KZN. Plans for the development were dated March 2000. The development commenced in approximately July 2000. The final tender amount agreed to was R1 340 000 (after the development was commenced with). The development was finalized during March 2001. Various arrangements were made during the construction and subsequently to provide finance on accused 1’s behalf. At no stage during construction and thereafter has accused 1 been able to settle the outstanding
amount or obtain finance without the intervention and assistance of third parties, including arrangements for payment through Shaik in accordance with the agreement to disguise payments to accused 1 described above” (P: 26, 2018).
* Jacob Zuma.
Again, he used government funds to build Nkandla. It is Achilles heel, it always returns, therefore, the scandals evolving the home in Kwa-Zulu Natal is really damaging his legacy, as it is proven hornets nest of trouble and stinging him. The former President really didn’t cover his tracks, even in the years before he became the Executive. But that was known of and this case is digging into old dirt. Therefore, referring to cases, which todays ANC wasn’t directly involved in or the leadership has already become ANC Stalwarts.
“IN THAT during the period 25 October 1995 to 1 July 2005 and at or near Durban in the district of Durban, Shaik and/or the other entities mentioned in the preamble unlawfully and corruptly gave and/or offered and/or agreed to give the abovementioned service and/or facility benefits, which were not legally due, to accused 1*, upon whom the powers had been conferred and/or who had the duties as set out in the preamble, with the intention to influence accused 1 to commit and/or omit to do any act in relation to his powers and/or duties to further the interests of Shaik and/or the entities associated with Shaik and/or the Thomson-CSF group and/or accused 2 and/or accused 3 as set out in the preamble and/or with the intention to reward accused 1 because he so acted in excess of such powers or any neglect of such duties, as set out in the preamble” (P: 52-53, 2018).
* Jacob Zuma.
Again, we see how the former President used his position and his well known ideals to get paid extra. To use the connection of state to get benefits and facilitation’s that wasn’t within his role. The Company and Business People connected with him and paid him to get special interests and make sure to get government contracts. So both parties would benefit from the fraud and the bribes. Dual victory of the agreement made.
If you really want to understand the deal and the charges put on Zuma, also on his business associates in this matter. You would be wise to read the book called ‘After the Party’ by Andrew Feinstein, which was published in 2010. It gives you insights into it, that shows the magnificent tale in itself. This is years ago, but still viable and therefore, this skeleton out of the closet has been released. There are dozens of counts and charges that could be put of fresher scandals, but the State has decided to go for an older corruption case. Clearly, signaling it could be more in the future. Because this isn’t even involved with the investors of the Gupta family. Peace.