Deputy President Cyril Ramaphosa has emphasised the need for a thorough analysis of state capture in SA, while pointing out a number of challenges faced by the country because of decisions taken by President Jacob Zuma. Although Ramaphosa did not mention Zuma by name when he addressed the Cosatu central committee in Irene in Pretoria on Tuesday, he told the labour federation that efforts to grow the economy had been dealt a major blow by recent credit rating downgrades. The economy was harmed by Zuma’s cabinet reshuffle in March, further jeopardising SA’s credit risk evaluations. “We know what sparked that off,” Ramaphosa said without going into detail. Emboldened by the warm reception he received from delegates of the labour federation, which was the first to endorse him for president, he said in reference to state capture that it was the elephant in the room eating away the ANC. Ramaphosa lauded the ANC’s decision on establishing a judicial inquiry to resolve claims of state captu...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.