Zuma responsible for turmoil, recklessness and irrationality - BLSA

Business Leadership South Africa (BLSA) deputy chairperson, Bonang Mohale, says President Jacob Zuma sabotaged economic growth and radical economic transformation by axing Finance Minister Pravin Gordhan and his deputy Mcebisi Jonas.

We have our President to thank for all this turmoil, irrationality and absolute recklessness where you almost can call it radical economic transformation sabotage.

Bonang Mohale, BLSA deputy chairman

All 17 countries that were downgraded below junk status have all gone into recession.

Bonang Mohale, BLSA deputy chairman

Which country willingly get itself into recession at the time that we need to be growing so we can talk about redistribution of wealth, not redistribution of poverty.

Bonang Mohale, BLSA deputy chairman

According to reports, National Treasury deputy general, Lungisa Fuzile, has asked to leave his post at the end of this month. Fuzile has worked for Treasury for 20 years.

Listen to Bonang Mohale detail how SA is willingly going into a recession...


This article first appeared on 702 : Zuma responsible for turmoil, recklessness and irrationality - BLSA


Recommended

by NEWSROOM AI
Read More
Leaked notes allegedly from ANC NWC meant to create confusion - analyst

Leaked notes allegedly from ANC NWC meant to create confusion - analyst

The ANC distanced itself from the leaked notes purported to come out of its national working committee meeting.

S&P’s fear of ‘budgetary slippage’ by new Finance Ministry moved it to downgrade

S&P’s fear of ‘budgetary slippage’ by new Finance Ministry moved it to downgrade

S&P explains why it downgraded SA's credit rating to junk after an emergency meeting, instead of the scheduled review on 2 June.

What's in a downgrade? Economist Lesiba Mothata explains

What's in a downgrade? Economist Lesiba Mothata explains

Lesiba Mothata says SA's junk rating should not be taken lightly and explains the implications, in light of our trade deficit.

On a scale of one to ten, how likely is Zuma to step down?

On a scale of one to ten, how likely is Zuma to step down?

Stephen Grootes says it's unlikely President Zuma will choose to resign and nor will ANC MPs support a vote of no confidence.

How SA’s reshuffle to ‘junk status’ will affect your pocket

How SA’s reshuffle to ‘junk status’ will affect your pocket

Anxious The Money Show listeners are asking about the effect of the ratings downgrade their finances.

What South Africa’s reshuffle to 'junk status' means for your pension fund

What South Africa’s reshuffle to 'junk status' means for your pension fund

Arabile Gumede (on The Money Show) interviews ZAR-X CEO Etienne Nel.

Cosatu: Zuma the source of a polarised SA

Cosatu: Zuma the source of a polarised SA

Cosatu says it could no longer discuss Zuma's conduct behind close doors with the ANC as he has gone rogue and been out of reach.

Gigaba claims S&P forewarned him of downgrade in confidence

Gigaba claims S&P forewarned him of downgrade in confidence

The new Finance Minister addressed the media and said he could not share the information prior to the announcement.

ANC needs to check who Zuma's handlers are - Cheryl Carolus

ANC needs to check who Zuma's handlers are - Cheryl Carolus

ANC stalwarts want Zuma to step down and Carolus says he has crossed a very important line.

Opinion: The fact of the matter is Gigaba lied, says Redi Tlhabi

Opinion: The fact of the matter is Gigaba lied, says Redi Tlhabi

Finance Min. Malusi Gigaba revealed he knew about S&P's downgrade and Redi Tlhabi says it's a little too late to disclose info.

Opinion: Sir may I say to you there is a leadership crisis now!

Opinion: Sir may I say to you there is a leadership crisis now!

John Maytham responds to Zuma saying he was right to introduce younger blood into Cabinet to prevent a future leadership crisis.

How to cope with an onslaught of negative news

How to cope with an onslaught of negative news

A clinical psychologist's tips to help reduce anxiety and stress caused by bad news like Cabinet reshuffles and ratings downgrade.

ANC stands to lose majority in 2019 - research

ANC stands to lose majority in 2019 - research

Research body Municipal IQ established that come 2019 elections ANC support could fall below 50% nationally.

Markets not badly affected by downgrade - analyst

Markets not badly affected by downgrade - analyst

Standard & Poor's downgraded South Africa's credit rating to junk status or double B plus but markets factored in the inevitable.

Cosatu wants Zuma to step down

Cosatu wants Zuma to step down

Cosatu says for the first time under President Jacob Zuma they were not consulted on the Cabinet reshuffle.

Moody's playing wait and see game says economist

Moody's playing wait and see game says economist

Economist Azar Jammine says if Zuma steps down today the scenario would dramatically change and may provide a new era of hope.

[CARTOON] Open Sez me!

[CARTOON] Open Sez me!

EWN's Chip & Curtis liken u Baba Jacob Zuma and his cronies to the folk tale of Ali Baba and the Forty Thieves.

Popular articles
[LISTEN] New Visa regulations could change the face of South African tourism

[LISTEN] New Visa regulations could change the face of South African tourism

Lecturer at TUT's Dept of Tourism, Unathi Henama says that the tourism sector is at the center of the economic policies in SA.

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

Is biology putting the brakes on your sexuality? Callers share their experiences of sex and growing older.

DStv Premium on a downward spiral, warns tech guru

DStv Premium on a downward spiral, warns tech guru

DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.

Tell me what you want: Study reveals most common sexual fantasies

Tell me what you want: Study reveals most common sexual fantasies

What are your sexual fantasies? Disclosure can bring sexual freedom, but it can also have downsides. A study lists the top trends.

Transgender 'dragon lady' has ears removed and says testicles are next to go

Transgender 'dragon lady' has ears removed and says testicles are next to go

Tiamat Medusa has undergone extreme body modification and claims to be the most modified trans person in the world.