“Smaller acts of sabotage” by Zuma’s MK Party can’t be ruled out - Langelihle Malimela, S&P Global Risk

Loading player...
As President Cyril Ramaphosa’s new cabinet finds its feet, the question now is how it will navigate power-sharing dynamics after losing its parliamentary majority. Langelihle Malimela from S&P Global Risk told Biznews that he thinks President Ramaphosa is going to get “a lot of support” from opposition political parties for his economic policies. “It is an outcome,” he said, “that probably plays into Ramaphosa’s hands from a policy point of view.” However, Malimela warned that the Umkhonto we Sizwe party (MKP) of Jacob Zuma poses a risk to the new Government of National Unity (GNU). He pointed out that the slim majority in KwaZulu-Natal means any disruptions at the provincial level could have national repercussions. Malimela also does not rule out targeted acts of sabotage by the MKP, “intended to cause disruption, intended to send a message, put strangleholds on the economy, shutting down main arteries, disrupting port activity, even communications capabilities.”
3 Jul 2024 10AM English South Africa Investing · Business News

Other recent episodes

SA's Competition Commission has become a handbrake on the economy: Rob Rose

Bryan Brownrigg was never a currency trader. He sold foreign exchange to Standard Bank's institutional clients for 23 years. But when the Competition Commission decided that 28 banks had run a single conspiracy to rig the rand, his name went into the complaint anyway, and it took a decade and…
11 Sep 7AM 20 min

He built a $1.5bn bank. Now Revolut, Discovery Bank and PEP are circling

In this interview with Irakli Rekhviashvili, Tyme Group co-founder Coenraad Jonker gives his take on what actually protects a digital bank once the competition catches up, and why he thinks the old rules of banking no longer apply. On competitive advantage, he says: "I'm saying to my guys increasingly, I…
11 Sep 7AM 50 min