Economist cover may be bad news for JSE
The influential international magazine’s big story of the week is SA’s state capture woes
The JSE may suffer on Friday from the Economist magazine’s cover story on the endemic corruption of President Jacob Zuma’s administration, and the economic maladies that go with it. The Economist’s cover art features a snake in the colours of SA’s flag with the title "The Corruption of SA". The influential international publication has made the ANC’s upcoming conference at Nasrec between December 16 and 20 this week’s biggest story, summarising the vote for the party’s and the country’s next president as "the choice that could save SA, or wreck it". "Under President Jacob Zuma, the state is failing. Contracts are awarded through bribes and connections; ruling-party members murder each other over lucrative government jobs; crooks operate with impunity," the magazine’s editorial said. "What is unusual about SA is not that corruption thrives, but that it does so in plain sight. Thanks to a history of civic activism, a free press and a robust judiciary, South Africans are aware of the w...
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