Steenhuisen on the latest ANC scandals - and SA’s “cowardly” President…

Loading player...
The ruling African National Congress (ANC) has had a very bad start to the election year. It has been one scandal and controversy after another.  BizNews speaks to John Steenhuisen, the leader of the opposition Democratic Alliance (DA) about the big four: ANC Secretary General Fikile Mbalula’s apparent admission that the ANC had lied to cover up the truth about the Nkandla “fire pool” to protect former President Jacob Zuma; the millions being spent on catering on the Presidential jet; Cyril Ramophosa’s “threat” to the poor that social grants are likely to disappear if the ANC loses the election; and the latest allegations of corruption in the higher education sector that could result in radical protest action from desperate students. In a raft of actions, the DA has already laid criminal charges against Higher Education Minister Blade Nzimande. Meanwhile, the party is going after ANC officials and members of Parliament who might have perjured themselves before the courts to protect Zuma. “… this is a very, very serious situation that Fikile Mbulula has now landed the ANC in. And I think he significantly exposed a number of those people who were part of what we knew was an extensive cover up at the time…it's just showing here again that this is a government that cannot be trusted. They cannot tell the truth. They cannot deliver. They're led by a coward who cannot stand up to his own associates, and it's time to vote them out of office - and we will have that chance later this year.” - Chris Steyn
10 Jan 2024 7AM English South Africa Investing · Business News

Other recent episodes

BN Edge | Lesaka is facing hard questions. Ali Mazanderani is answering them

Lesaka grew out of Net1, whose subsidiary's social grants contract ended up before the Constitutional Court. Now it wants to take deposits from the same grant recipients it lends to. In a follow-up to their strategy conversation, Alec Hogg put the harder questions to executive chairman Ali Mazanderani: who carries…
23 Oct 8AM 37 min

BN Edge | Donald MacKay unpacks the bureaucratic black hole in SA trade

A tariff investigation in South Africa is meant to take six months. Donald MacKay, whose XA Global Trade Advisors released its latest import duty report this week, told Alec Hogg the average had stretched to 40 months, and that the oldest open case was old enough to start school. He…
23 Oct 7AM 24 min

BizNews Ricardo Portfolio update: Afrimat, Clicks, Chubb, Teledyne

Alec Hogg went into this episode wanting to sell two shares. The rules he built for the Ricardo portfolios talked him out of at least one. In the first of a new run of Premium portfolio updates, he put four fresh sets of results through the same valuation test: Afrimat,…
22 Oct 8AM 41 min