President must be made to account for damage to economy

2016-01-06 06:00

THE Oxford Dictionary defines accountable as “obliged to account for your actions”.

By extension of this definition, surely the word “account” would also mean giving a reckoning of financial losses experienced by both the public and private sectors through what would seem to be a calculated decision.

This decision was no blunder as often­ suggested, but a calculated and reckless one.

Where billions of rands on the JSE are summary wiped out through a calculated and reckless decision without thought to the financial consequences, it is not only disloyal to bestowed trust, but a felony committed against all investors in the markets of South Africa.

The knock-on financial effects have been catastrophic to the South Africa economy.

The dismissal of Nhlanhla Nene as minister of finance was a calculated move to take over the national Treasury and replace him with a cadre who could be manipulated politically to allow for unaffordable projects to proceed that would benefit the corrupt few.

Unscrupulous trading is dealt with severely by courts throughout the world. Politicians should have to face the same lawful scrutiny and be punished accordingly.

At the media conference, held a day after the dismissal of Nene, the ANC lied to the citizens of South Africa, and the world.

Predictably, the president squirms out of offering an explanation for his action of firing a competent minister or even giving an apology for his decision as this would be an admission of his personal selfish ambitions, and no doubt intended corrupt gains.

The catalogued scandals that surround the president are well known, but these have paled into insignificance with the latest saga that caused the sudden dramatic fall in the value of the rand.

Our president is a wrecking ball out of control and needs to be removed from office post-haste.

He and his consorts must be held accountable for these huge losses as well as the consequent hardships that will be felt nation-wide.

The citizens of the country will now face increasing inflation affecting food stuff and alike.

Many will even lose their jobs and credit interest rates will rise.

We will see more strikes for increases in wages across the business sector and citizens embarking on demonstrations, demanding essential service delivery.

Investor confidence cannot be restored as long as Jacob Zuma is at the helm of the country.

W. BERRIMAN

Via email

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