President Cyril Ramaphosa's State of the Nation Address of 16 February 2018 seemed crafted to appeal to the electorate that has been alienated by the Zuma presidency marred by scandals. But, can Ramaphosa honour his promises?
Big Business thought the Zuma factor was just what they needed and the Rand-Dollar traded in the 8.50 – 6.70 band. Then in January 2016, they decided Zuma was bad for business, warning shots were fired, the Rand fell almost to 17. Now Ramaphosa is what Big Business wants!
Tagged under Labour & Political Economy South Africa Cyril Ramaphosa
Cyril Ramaphosa’s soft-coup firing of Jacob Zuma from the South African presidency on 14 February 2018, after nearly nine years in power and a bitter struggle to avoid resignation, has contradictory local and geopolitical implications. Amidst general applause at seeing Zuma’s rear end in the society, immediately concerns arise about the new president’s neo-liberal, pro-corporate tendencies, and indeed his legacy of financial corruption and class war against workers given the lack of closure on the 2012 Marikana Massacre.
Tagged under Labour & Political Economy South Africa Cyril Ramaphosa
In this interesting radio interview, Sharmini Peries of The Real News Network discusses with renowned pan-Africanist, Professor Horace Campbell on the recent changes in South Africa that saw Cyril Ramaphosa, a former working class militant turned corporate magnate become fifth president of that country.
Tagged under Global Pan-Africanism South Africa Cyril Ramaphosa
The new head of state of South Africa, Cyril Ramaphosa, assumed power amid relief and jubilation. However, he needs to tackle serious challenges including serving the interest of ordinary people and fighting against corruption if he wants that jubilation to go on.
White capital has no problem with corruption; the problem they had with Jacob Zuma is that they were being side-lined in the corrupt deals of the state under his watch, with far more going to the Gupta family and a new Black elites. Turning on the Zuma faction and backing Ramaphosa is unlikely to end corruption in South Africa.
The ruling parties in the two countries have adjusted in different ways since taking power. SWAPO has entrenched its political dominance in all spheres of society since independence. The ANC is in decline and faces massive public protest and political opposition. In both cases the presidents have resorted to populism to pursue their agendas.
Zuma shouldn’t be president, that’s obvious. But that he is the problem and that to replace him with Gordhan or Rhamaposa is the answer, is totally misguided. The problem reaches back to Zuma’s predecessors and to economic policy as a whole. Zuma is a symptom, not the cause.
Given the corruption and exploitation by the top dogs within the factions of the ruling ANC, it is clear that none of the factions has anything to offer the working people of South Africa. Instead of backing one faction over the other, the working class (and the black section in particular) rather needs to fight against class rule, capitalism and the state. That is the system that is rotten to the core.
Tagged under Governance Cyril Ramaphosa, Pravin Gordhan, ANC, Capitalism, corruption, Black economic empowerment, Guptas, Jacob Zuma, Blade Nzimande, SACP