Zuma’s leadership in doubt

2015-12-15 11:15
Jacob Zuma. (GCIS)

Jacob Zuma. (GCIS)

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Zuma more vulnerable, but elections will tell - analyst

2015-12-14 16:19

Political economy analyst Daniel Silke weighs in on the latest developments in the National Treasury, which saw Pravin Gordhan reappointed as Minister of Finance, just four days after relatively unknown ANC MP David van Rooyen was sworn in. Watch. WATCH

Pietermaritzburg - President Jacob Zuma’s flip-flop appointment of a new finance minister has seen the global press question his ability to lead.

In an editorial, the Guardian, UK, said that “Zuma’s sacking of his respected Finance minister Nhlanhla Nene … represents another turn in the country’s downward economic spiral” and that Zuma “understands patronage very well, but seems to have no economic strategy at all”.

The Financial Times said “the appointment represents a dramatic twist” and “has raised severe concerns about the financial management of South Africa”.

The Financial Times added that “the saga is a severe embarrassment for South Africa” as it is one of the world’s “most traded and liquid emerging markets”.

The newspaper said it will add to “concerns about the quality of leadership, and exacerbate policy uncertainty”.

Bloomberg said “the change of heart raises questions about Zuma’s standing within the African National Congress”.

The New York Times meanwhile reported that Zuma reacted to “widening criticism of his leadership”.

The Wall Street Journal said “markets on Monday welcomed Zuma’s reinstatement” of Pravin Gordhan as the Finance minister.

Read more on:    jacob zuma  |  politics

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