ANALYSIS: Jacob Zuma has no qualms about aggravating investor jitters
Zuma has retained all the dead wood‚ non performers and scandal-prone ministers in the executive‚ proving again he is driven only by political scheming, writes Ranjeni Munusamy
If there were any doubt that President Jacob Zuma was a danger to SA’s stability‚ his surprise Cabinet reshuffle on Tuesday morning would have put paid to that. A week before Finance Minister Malusi Gigaba’s medium-term budget policy statement‚ Zuma made another round of inexplicable changes to the executive. Gigaba has just been to the US for International Monetary Fund and World Bank meetings, where he tried to settle political uncertainty about SA ahead of the ANC’s December conference. The country is also due to be reviewed again by international credit ratings agencies in November after a round of downgrades after Zuma’s last reshuffle. But Zuma seems to have no qualms about accelerating investor jitters about SA, as he continues to move his chess pieces ahead of the ANC’s elective conference. The reshuffle would possibly have made some sense had Nkosazana Dlamini-Zuma‚ his preferred successor‚ been included into the Cabinet. But the only new face in the Cabinet is ANC MP Bonga...
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