Lukanyo Mnyanda Editor: Business Day

“What we’ve got here is failure to communicate. Some men you just can’t reach.” These words were immortalised in the 1960s classic Cool Hand Luke, one of Paul Newman's most memorable roles.

Watching the events of the last couple of days that have caused so much damage to SA’s standing in financial markets, I couldn’t help thinking that ANC secretary-general Ace Magashule, the highest-ranking official at Luthuli House, is probably one such man, and is probably surrounded by men and women like him.

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