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Patience Is Running Out In South Afirca
Bloomberg Businessweek
|April 10 — April 23, 2017
The ruling African National Congress must choose country over President Zuma
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South Africa’s ruling African National Congress has a choice: It can help President Jacob Zuma or it can help the country. The party’s survival as a respected national force depends on its doing the latter.
Support for the ANC has fallen amid charges of corruption and incompetence. Now, Zuma is embroiled in a struggle with his former finance minister, Pravin Gordhan, and other cabinet members, claiming that Gordhan and his allies are seeking to undermine him. Zuma’s firing of Gordhan on March 31 rattled investors, sparking a downgrade of South African bonds to junk status—a setback that raises the country’s debt burden and could deter badly needed foreign investment.
Denne historien er fra April 10 — April 23, 2017-utgaven av Bloomberg Businessweek.
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