SA Inc on Gupta #StateCapture (and JZ's failure to deal with it in Parliament)

The Money Show’s Bruce Whitfield interviewed Saki Macozoma (President of Business Leadership South Africa), Mike Teke (President of the Chamber of Mines) and Mohale Ralebitso (CEO of the Black Business Council).

Saki Macozoma (President of Business Leadership South Africa)

Macozoma said that the statement by Deputy Finance Minister Jonas that he was offered the Finance Minister’s job by the Gupta brothers marks a grave threat to our country’s constitutional democracy.

He further indicated that the statement requires a decisive response from President Zuma who alone has the prerogative to appoint both ministers and deputy ministers.

If other senior public office bearers have had similar approaches - now is the time for them to take the people of South Africa into their confidence.

Mike Teke (President of the Chamber of Mines)

The Chamber of Mines has raised concern regarding the widespread allegations of state capture.

In particular, the latest revelations of potential Gupta family involvement in the selection of cabinet ministers in South Africa, in processes contrary to the country’s Constitution, are of serious concern to the South African mining industry.

Mohale Ralebitso (CEO of the Black Business Council)

The Black Business Council (BBC) has noted with concern the recent media statements, alleging that the Gupta family is influencing the appointments of certain ministers within the government of the Republic of South Africa.

The BBC reiterates its call on government and business to engage the tough headwinds the country is faced with in improving our economic outlook and restoring confidence in our state leadership.

The Black Business Council and its member organisations view these developments in a serious light.

Scroll down for quotes from the audio below.

It would be insane not to be worried about the state of the nation!

Saki Macozoma (President of Business Leadership South Africa)

The Guptas could have exercised their power without any of us knowing.

Saki Macozoma (President of Business Leadership South Africa)

It’s about time people come out. Is there anybody else who has been approached in this way?

Saki Macozoma (President of Business Leadership South Africa)

We need our leaders to get beyond their denialism.

Saki Macozoma (President of Business Leadership South Africa)

This must stop! We have rules.

Saki Macozoma (President of Business Leadership South Africa)

We don’t want this negative influence. Allegations about this same family persists. We have rules about how we do things in this country!

Mike Teke (President of the Chamber of Mines)

We need to get back to a democratic system where the rule of law prevails.

Mohale Ralebitso (CEO of the Black Business Council)

Jacob Zuma did not deal with this sufficiently in Parliament today.

Mohale Ralebitso (CEO of the Black Business Council)

Nobody should have superior access to the State.

Mohale Ralebitso (CEO of the Black Business Council)

We call for a judicial commission of enquiry into the relationship that businesses have with Government. We must ensure the state cannot be captured.

Mohale Ralebitso (CEO of the Black Business Council)

We need to trust that the political system has the best interest of South Africans at heart.

Mohale Ralebitso (CEO of the Black Business Council)

The nation is in a state of unease with the sense of having been hijacked.

Mohale Ralebitso (CEO of the Black Business Council)

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : SA Inc on Gupta #StateCapture (and JZ's failure to deal with it in Parliament)


Recommended

by NEWSROOM AI
Read More
I confirm Guptas offered me Nene’s job - Deputy Finance Minister Mcebisi Jonas

I confirm Guptas offered me Nene’s job - Deputy Finance Minister Mcebisi Jonas

The Money Show’s Bruce Whitfield interviews EWN Reporter Stephen Grootes.

You better watch out, you better not cry... Moody's is coming to town!

You better watch out, you better not cry... Moody's is coming to town!

Bruce Whitfield lightens the mood and has fun with this rendition of “Santa Claus is coming to Town” by Tumelo Ruele.

5 things ratings agency Moody’s will look at on its visit to South Africa

5 things ratings agency Moody’s will look at on its visit to South Africa

They are here to judge us. The Money Show’s Bruce Whitfield interviews Stanlib Asset Management Chief Economist Kevin Lings.

Gordhan on his trip abroad to save us from a downgrade (and Gupta allegations)

Gordhan on his trip abroad to save us from a downgrade (and Gupta allegations)

Stephen Grootes discusses the minister’s report back on his attempt to convince ratings agencies to give SA time to make changes.

Goldman Sachs MD on how Pravin Gordhan’s fight against a downgrade is going

Goldman Sachs MD on how Pravin Gordhan’s fight against a downgrade is going

Goldman Sachs MD Colin Coleman was in London with Finance Minister Pravin Gordhan. He gives feedback...

How Pravin Gordhan’s fight to stave off a ratings downgrade is going

How Pravin Gordhan’s fight to stave off a ratings downgrade is going

London-based Peter Attard Montalto, Emerging Markets Economist at Nomura, discusses how Pravin Gordhan’s delegation is doing.

Gupta allies at Treasury… bad news for property… the resurgent rand… (and more)

Gupta allies at Treasury… bad news for property… the resurgent rand… (and more)

7 most read, most talked about "The Money Show" articles of the past week.

Popular articles
Government 'tone deaf' to public views on controversial Airbnb bill

Government 'tone deaf' to public views on controversial Airbnb bill

The Rule of Law Project believes the Tourism Amendment Bill represents an unjustifiable intervention by government

Beware pneumonia-causing bacteria lurking in your geyser (and how to kill it)

Beware pneumonia-causing bacteria lurking in your geyser (and how to kill it)

Stellenbosch University's Dr Jo Barnes says Legionella can only survive the water temperature up to 50 degrees.

Escalation of Cape Town dog thefts confirms SPCA

Escalation of Cape Town dog thefts confirms SPCA

Cape of Good Hope SPCA spokesperson Belinda Abraham says it is receiving more and more reports of dogs just disappearing from their homes.

[PICTURES] It's freezing cold in Cape Town! (In case you were wondering)

[PICTURES] It's freezing cold in Cape Town! (In case you were wondering)

CapeTalk listeners share frosty car photos and zero degree car temperatures.

Twitter had a 'whale' of a time with Trump's typo

Twitter had a 'whale' of a time with Trump's typo

President Donald Trump spelled the Prince of Wales's name wrong and though he deleted and retweeted it it, Twitter never forgets.

[WATCH] Local six-year-old dancing sensation's video goes viral

[WATCH] Local six-year-old dancing sensation's video goes viral

After Will Smith and Jada Pinkett-Smith shared the video of Ivanah Campbell dancing it has been viewed over 10 million times.

Time to bring back rural safety commandos to tackle farm attacks?

Time to bring back rural safety commandos to tackle farm attacks?

The Western Cape government has announced plans to prioritise farm safety after the latest murder in Stellebosch.

Dis-Chem drives ad expert to 'Steve Hofmeyr-like assaults' on his decoder

Dis-Chem drives ad expert to 'Steve Hofmeyr-like assaults' on his decoder

"It’s been said you can’t bore people into buying your brand. Someone should’ve pointed this out to Dis-Chem," says Andy Rice.