South Africa matters to the world, says Financial Times

No, I don’t think he [Ramaphosa] can lose… but he’s determined to not have a showdown… that’s why it’s taking so long.

Ray Hartley

There is bound to be an announcement… or a string of leaks… we’ll know tonight…

Ray Hartley

On Monday the Financial Times published an article headlined “Why South Africa matters to the world”.

Financial Times is the most important business publication in the world, according to the Global Capital Markets Survey.

In the article author Gideon Rachman writes that Nelson Mandela’s dignity “gave him the international status of a Gandhi”.

In the immediate post-apartheid years, writes Rachman, “South Africa seemed poised to buck the dismal trend of much of post-colonial Africa.”

However, under Jacob Zuma many people – even anti-apartheid veterans – were muttering that South African was heading the way of Zimbabwe.

South Africa matters to the world.

It is the only African G20 country, and the most developed country on the Continent, by far.

South Africa has world-class companies, a sophisticated financial sector and outstanding transport infrastructure, says Rachman who adds, “If, despite all this, South Africa slides inexorably backwards, cynicism about the future of the African continent will grow in the rest of the world.”

Financial Times, of course, wrote all of this in the context of the ANC's attempts to get Jacob Zuma to vacate the office of the Presidency.

The Money Show’s Bruce Whitfield interviewed Business Live Editor Ray Hartley.

Listen to the interview in the audio below (and/or scroll down for more quotes from it.)

With time he [Ramaphosa] strengthens… Inevitably he will become president...

Ray Hartley

The Presidency is going to go to Ramaphosa… he might be able to delay, but only for so long…

Ray Hartley

The prospect of prosecution looms.

Ray Hartley

The longer it drags out the more people will wonder if there is really change… or if it’s the same old party that makes deals behind closed doors… that puts itself first…

Ray Hartley

The election is close…

Ray Hartley

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This article first appeared on 702 : South Africa matters to the world, says Financial Times


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