LETTER: ANC-Zuma-Gupta alliance bad omen

2016-02-25 06:00

The widely reported close friendship between President Jacob Zuma and the Gupta Family has reached unprecedented proportions and therefore demands an immediate intervention by an appropriate national legislative body.

The reported transactions expose that critical and strategic industries in our country are targeted for influence and capture by this family and its associates, chief among others being the son of the President, Duduzane Zuma.

Further disturbing reports are that, the cabinet seem to have been co-opted to an extent that they are obliged to be paraded during breakfast shows of SABC 2, organised by the New Age newspaper, which is owned by the same family. These breakfast shows are directly funded by State Owned Enterprises (SOEs) yet our public broadcaster (SABC) derives zero financial gain, and all the millions go to the Gupta family.

The capture and control of the cabinet by this family has since gone beyond the breakfast shows. Today the nation knows that, recently, the Minister of Mineral Resources accompanied this family to Switzerland to help snatch yet another coal mining deal.

Already, some members of the cabinet are publicly undermined and embarrassed; as witnessed in the recent illegal joint venture with another State Owned Enterprise, Denel, without the knowledge of the minister and compliance with the relevant regulatory framework of our country.

We are now told that the same family is snatching another coal export rights through the Richards Bay Coal Terminal.

During the turmoil in our National Treasury caused by the abrupt dismissal of a performing minister, and where the replacement arrived in office with two advisers(allegedly provided by the Guptas), with highly questionable academic qualification, with alleged links to the same family, but one being the son-in-law of Jessie Duarte, Deputy Secretary General of the ANC.

These disturbing reports are a source of discomfort and threat to the already devastated economy of the country. They further undermine, the confidence of both local and outside investors.

There is no reasonable and mindful business person who would be encouraged to invest their wealth in a country whose economy is run by a family.

In this regard, the United Democratic Movement is of the view that that the Speaker of parliamnet must direct the Joint Standing Committee on Intelligence to conduct hearings based on amongst others, these serious reports and allegations which are already undermining our economy and the country’s security.

Bantu Holomisa via email

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