The Money Show with Bruce Whitfield

'President Ramaphosa won Reserve Bank fight 6-0'

President Cyril Ramaphosa. Picture: Abigail Javier/EWN

Factions in the African National Congress (ANC) are fighting on three fronts, wrote political and trend analyst JP Landman on Wednesday.

Front 1 – the South African Reserve Bank (Sarb)

  • Ownership of the Sarb

  • The Sarb’s mandate

Front 2 – land expropriation without compensation

Front 3 – the Public Protector’s "crusade"

The faction fights in the ANC will continue… The president was elected at Nasrec with a margin of 52/48 some 18 months ago; looking at all the developments since then, he is now undoubtedly much stronger than that…

JP Landman, political and trend analyst

The Reserve Bank incident confirmed the president’s approach: follow process and let it run to its conclusion. This frustrates those who want to see quicker action, but it makes for decisive outcomes… Expect more of the same approach as he navigates the Public Protector’s report and the land issue…

JP Landman, political and trend analyst

The Money Show’s Bruce Whitfield interviewed Landman.

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

Last week’s Reserve Bank fight was a 6-0 [win] for the President… A very clear and decisive victory …

JP Landman, political and trend analyst

We know the ANC is divided. All political parties are; the DA too…

JP Landman, political and trend analyst

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This article first appeared on 702 : 'President Ramaphosa won Reserve Bank fight 6-0'


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