LIAR, LIAR YOUR PANTS ARE ON FIRE.
Published on Linkedin on April 9, 2017
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!
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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 South Africa 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 kleptocrat from Nkandla said to those
poor souls at his inauguration.
“Today, as I take this solemn Oath of Office as the Fourth President of the Republic
of South Africa, I do so deeply conscious of the responsibilities that you, the people
of our country are entrusting in me.
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
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