The governing party and senior members of the government have accused local and international banks of a grand conspiracy to destroy the economy, revealing the ANC’s view of business as a malign force to be shaken down, a move that aligns with Luthuli House’s opportunism before the upcoming general election. 

Minister in the presidency Khumbudzo Ntshavheni’s hot take, that “this [rand manipulation] is a demonstration ( that business has been active in wanting to destroy SA because, when you manipulate the rand you want the economy of the country to collapse”, is particularly breathtaking, even by the standards of paranoid Cold War kids in exile...

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