Without it sounding too dramatic, South Africa now faces it’s most challenging few weeks. Finally, 20 years of poor economic policy choices, ideological experiments and more recent policy paralysis is set to intersect with waning political accountability and an independent institutional framework once revered but now in jeopardy. The current malaise – born out of leadership failure, creeping graft, rent-seeking and the implosion of cadre deployment – now has the country on the ropes. This complex interplay between politics and economic management now means that both aspects of governance are now in deep distress. And both will need substantial change in order to rescue the country from decline.Clearly, the context in which a respected Minister of Finance finds his position threatened by apparent political pressure from a faction within his own party has reached boiling point.Gordhan was always the reformer – understanding the need to protect our investment grade and in so doing, sh...
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