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 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