De Beer: “Defeated” Cyril’s “disaster SONA & the comeback of his “worst nemesis” Zuma

Loading player...
A “defeated” President Cyril Ramaphosa delivered a “disaster” State of the Nation Address (SONA)  as his “worst nemesis” former President Jacob Zuma is staging a spectacular comeback. Neil De Beer, the president of the United Independent Movement (UIM), a party in the Multi-Party Charter (MPC), dissects the SONA for BizNews. He also lambasts the “outgoing” President for lying about corruption and loadshedding, and labels him a “very sad indiviual” and a “coward” who is living in “La La Cuckoo Land”. De Beer warns that Ramaphosa will have to call the national election earlier rather than later “because he cannot keep the country together” - and “every day he doesn't call the date, MK is growing…” Moreover, he thinks Ramaphosa - who once called the Multi-Party Charter “a nothing, a null on a contract - has just realised that 50 plus 1 is possible” for the MPC. - Chris Steyn
9 Feb 2024 5AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Amazon beats Starlink; PIC's Lanseria crisis; Netflix's slowdown; AI's big margins

In today's BizNews Daybreak we dive into Amazon's quiet maneuver past Starlink into South Africa's satellite internet market via Herotel. We also examine the Public Investment Corporation's escalating governance crisis over the Lanseria Airport transaction, alongside policing gaps fueling local pharmaceutical drug crimes. Internationally, we cover SpaceX’s scrubbed Starship launch,…
16 Jul 11PM 15 min

The R3.5 trillion crisis: Why the PIC is under fire

South Africa's Public Investment Corporation is facing its biggest governance crisis in years. With CEO Patrick Dlamini suspended, senior executives resigning, and the Financial Sector Conduct Authority launching a formal investigation, questions over transparency, accountability, and the safety of government workers' pension funds are mounting. DA finance spokesperson Dr Mark…
16 Jul 8AM 34 min