In the spring of 1972, there was a break-in at the Watergate office complex in Washington. In executing their task, the burglars aimed to leave bugging devices in the Democratic Party's national office. Later that year, the Democrats lost the elections to the Republicans. In just two years, the story moved from one minor burglary to the impeachment of a sitting president, Richard Nixon. Watergate became synonymous with political scandals across the world. In December 2015, President Jacob Zuma dismissed Nhlanhla Nene as finance minister on the grounds that he would be offered a post at the Brics bank. That turned out to be a false statement. On Monday soon-to-be former finance minister Pravin Gordhan was on a road show in London, meeting investors ahead of another visit by ratings agencies to South Africa. As we all know, interaction with international investors is critical in maintaining the status of the country as a credible investment destination. Given the fluid nature of capit...

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