If you weren't already convinced that this newly reunited ANC/EFF alliance is toxic for our future prospects, then the brazen looting of VBS Mutual Bank should help clear things up.

This was an ANC-masterminded heist in which the EFF happily shared the spoils. Against this backdrop of criminal co-operation, consider their desperate attempts to regain control of the metros they lost in 2016 and the threat this poses to public money in these cities. If the VBS scandal has taught us one thing, it's that systemic corruption can unite even the most vocal opponents.

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 exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.