I also became active on electronic web sites, publishing some twenty-seven articles on the Linkedin Website and more than a dozen articles on the Thought Leaders, Biznews and Fin24 platforms.
I regularly submit written matter to Alec Hogg and Stuart Lowman for their consideration.
A country, previously a leader on the African Continent, slipped these past weeks into a typical African Kleptocracy. Democratic principles practised by former Presidents Mbeki and Mandela have been discarded and since 2007 current President Zuma has remained unaccountable to Parliament and has systematically attacked the Constitution, the Judiciary, the Free Press and the Treasury.
Through his popular patronage he has desecrated the economy and finally fashioned an African Kleptocracy that was held at bay for a number of years by the last bastion of Constitutional Democracy – the Treasury.
The New South Africa was born on April Fools’ Day 2017.
Gone is the custodian of economic sense – Pravin Gordhan. Gone is the custodian of the Public Sector Pension Fund – Mcebisi Jonas. Gone is South Africa’s Credit Rating.
Let the looting begin!South Africa is now State Captured Junk with little wriggle room. With Borrowings to Gross Domestic Product projected to 2019 in excess of 50%, the country has nowhere to go but down.
The resultant exodus of foreign capital will further reduce the level of Foreign Direct Investment, upon which the South African Economy is critically dependent, rendering goods and services highly inflationary.
Sadly, the rural poor, the backbone of President Zuma’s electoral support base, will suffer the most. Here is a reminder of what the goat herder from Nkandla said to those poor souls at his inauguration.
I commit myself to the service of our nation with dedication, commitment, discipline, integrity, hard work and passion.
Compatriots, today, we enter a new era in the history of our nation, imbued with a resolve to do everything within our means to build a better life for all our people. Today, we renew our struggle to forge a nation that is at peace with itself and the world. As we rejoice in being surrounded by our friends from all over the world, we reiterate our gratitude for the sterling contribution of the international community to our struggle for freedom”. Jacob Zuma
“Let us build a nation that remains forever mindful of its history, of those who have sacrificed so much, and the many that put down their lives so we can be here today.
A nation filled with the laughter and joy of children.
A nation filled with a hope born of the knowledge that if we work together, we will achieve our dreams”. Jacob Zuma
*Bryan Britton is the author of ‘Stepping Stones’