It is hard to imagine the Magashule-Ramaphosa stand-off of last week playing out in Westminster or Washington without it registering as a national crisis, conceivably landing a mortal blow on the incumbent administration. But for us it’s just another week, another episode of little consequence.

The most striking phrase of recent days was that of the financial adviser who referred to ANC secretary-general Ace Magashule’s suspension as “[a] small thing like this” (not warranting especially serious attention as a factor likely to have meaningful economic consequences … unless something significant came of it)...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now