The ANC has not understood the voters' electoral warning
Will the ruling party understand the warning international investors are sending before the damage to the economy becomes irreversible?
South Africa has caught the world’s attention with an epic battle between two powerful factions within the governing ANC which has spilt into government. Deputy President Cyril Ramaphosa has aptly described this as a government that wages “war with itself”. On the one side there is the largely rural based faction of patronage politicians around President Jacob Zuma. The other side is less well defined, but it can be safely assumed that the beleaguered finance minister Pravin Gordhan is among them. What makes this battle different from the usual political quarrels is the viciousness with which the patronage politicians are fighting to get the upper hand. The World Bank’s Joel Hellman has defined state capture as: the efforts of firms to shape the laws, policies, and regulations of the state to their own advantage by providing illicit private gains to public officials. In South Africa, obtaining government tenders should be added to the channels through which unscrupulous firms and in...
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