STATE CAPTURE
Robust society and strong institutions at the heart of fightback
Speaking at a Thompson-Reuters event, Colin Coleman, head of investment bank Goldman Sachs, argued that SA was a hard country to break. He’s quite right. SA’s robust society has previously confounded one utopian social project – grand apartheid. While the game has a long way to go, it appears to be in the process of sinking another in the form of Jacob Zuma’s kleptocratic dream, the state-capture or Zupta project, often referred to by its acolytes as "radical economic transformation". The same forces that are sinking the Zupta project will in a similar fashion save the mining sector. At the heart of it are the country’s strong institutions. Coleman alluded to these when he praised SA’s "sound Constitution (and) strong judiciary" and referred to the unity on the part of business, labour and civil society. Remarkable evidence of the fightback by these constituencies was provided by the statement in September by the Chamber of Mines that it supported a Cosatu-mobilised general strike a...
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