Zuma worries about Euro debt impact

2012-01-07 22:00

Johannesburg - President Jacob Zuma on Saturday raised his concerns with International Monetary Fund chief Christine Lagarde that the Euro debt crisis had far reaching effects, said presidential spokesperson Mac Maharaj.

"President Zuma raised a concern that Europe had taken long to solve its problems and how the impact of this was felt by developing countries like South Africa," said Maharaj.

The meeting with Lagarde, the Fund's managing director, had taken place on the sidelines of the African National Congress's (ANC) centenerary anniversary celebrations in the Free State.

Maharaj said Lagarde had commended the measures that South Africa had put in place to address youth unemployment as well as to address the environment conducive to increase investments.

The meeting had also focused on global economic developments in the coming year.

  • ubhejane - 2012-01-07 22:11

    "Maharaj said Lagarde had commended the measures that South Africa had put in place to address youth unemployment as well as to address the environment conducive to increase investments" They must be smoking some serious stuff at this party in Bloem.

      Mikael - 2012-01-07 23:52

      I wonder if Lagarde, supposedly a maths genius, has had the time (between spliffs) to work out just how many school-books, desks, chairs and competent teachers, not to mention nutritional school dinners, that could be bought with the obscene amount of cash the ANC is lavishing upon itself at this morally repugnant, self-congratulatory love-in ?

      Sean - 2012-01-08 03:43

      Lol! Zuma maybe you shouldn`t worry about the EURO !Maybe you should worry about your brothers that steal .................... That is a fact !

      George - 2012-01-08 06:26

      Leonard, I have been pondering the reason why the ANC REGIME decided to pay a bonus to ex councillors and all of a sudden it came to me. Who are the most potential trouble makers in the ANC's midst? Any disgruntled ex councillor, and his followers who has been shoved aside in the gravy trough. Even ex DA members will love the ANC's decision and tow the line. What does this action cost the ANC’s Regime? ……… nothing as the tax payer foots the bill.

      Squeegee - 2012-01-08 09:07

      Have world leaders been abducted by aliens and replaced by Zombies? Lagarde, Cameron, and so on.. If South Africa can just stop corruption and spend budgets properly we should do fine - even in a downturn.

  • Francois - 2012-01-07 22:22

    I think that taking into account that no human rights abuses have taken place in Europe in the debt crisis, but it did in Zim, Zuma is treading on thin ice on accusing the EU on how it took to resolve a crisis - at least they are trying to resolve it and not look the other way, ne Zuma? The other obvious solution that Juju must have given you is to internationalise the EU businesses - ever thought of that?

  • Alva - 2012-01-07 23:43

    This article reads like utter bollox!

  • Alva - 2012-01-07 23:50

    Lagarde and the EU may be worried about low economic growth, but Zuma and his crowd are happily blowing money on a spin-doctored celebration. Debt impact? What debt impact? Party, party, party!

  • Michael - 2012-01-07 23:55

    I think old jz should get his house in order first. The biggest impact on South Africa's economy is the anc, and all of their thieving! To make things worse, SA is the 2nd highest paid govt in the world, and the cherry on the cake is, almost 50% of our taxes, 50%!!! goes into govt salaries. Mind boggling!

  • Bob - 2012-01-08 00:19

    Oh boy, Here we go…! Zuma has realised that the ANC lead governments corruption, mismanagement and money wastage without increasing productivity, employment and negatively performing gross domestic product factors has screwed up the SA economy good and proper and now the writing is on the wall…so now Mr Zuma needs an excuse for the fiscal furor ahead of us! Yes Mr Zuma, blame it on the Europe crisis, pass the buck. The South African Rand was on of, if not the weakest performing currencies in the world in 2011…don’t blame it entirely on the Euro crises, it is a factor, but real home truth is blame it on your bloody selves for being inept in dealing with it! Go on Mr Zuma, enjoy your 300 million rand party bash, maybe kill another bull while you are at it, after all while your countries currency just lost 22% of it’s value in few short weeks, we can afford to waste it now can’t we!

      Beetroot - 2012-01-08 06:51

      There will be another celebration soon to say that its no longer their bad management of the country but the euro crises. Robert Mugabe has already written the book on why their economy collapsed! It was 'Colonialism' i.e. Euro'ism. He wrote this book sipping on English tea at his daily chimps tea party.

  • TamaraSays - 2012-01-08 01:15

    I read this headline - not the article yet - but I thought I should hear my mental picture. Uncle Zooma, sitting in a chair, in a 'thinker-esque' pose, scratching that shiny dome for all it's worth. I thought it was HILARIOUS!

      George - 2012-01-08 06:29

      Tamara, You are a scream.

      Francois - 2012-01-08 09:10

      I thought "polishing with a white handkerchief to hide the obvious scratching" was the action, but you are a scream. And oja, Zuma concluding the conversation with: "Christine, here is your taxi money, I enjoyed that and it appeared you too."

      Heinrich - 2012-01-08 09:16

      Snap, Tamara. I had a picture of the man pacing up and down Maitland Street telling everyone that he is very busy worrying.

      Francois - 2012-01-08 09:33

      I never thought it possible, but we managed to find a head of state more stupid than PW Botha, what really amazes me is that we did it in such a short time. At least it took the British from Neville Chamberlain to Cameron to repeat the feat.

  • Roland - 2012-01-08 01:43

    I might stand corrected, but is this the first time in months/years that our president has vocalised any concern about something that happens outside our borders?? Alas, and now it's a poke at those dispicable imperialist colonial master-like Europeans. Been used before Zuma, read Mugabe, Wa Mutharika, Malema. We suddenly have a foreign policy again...(sigh) bring back Mbeki...

  • Deeteem - 2012-01-08 05:23

    What a totally misleading headline !! He is worried about anybody other than himself ?

  • Beetroot - 2012-01-08 06:32

    Do you really honestly think Zuma is concerned??? Raaaaait! Its not going to effect him or his 5 fat pap chomping wives! He is going put this in his worry file. The worry file that Robert Mugabe loaned him for his term in office. Dispicable creatures with no conviction to say the least!

  • Kruger - 2012-01-08 06:35

    JZ thought that IMF stands for I MUST F..... this gal

  • Thabang Knox Lenono - 2012-01-08 07:13

    Talk about multi tasking, party hard and still worry about the world. I still think the R500mil would've been a nice buffer just in case the Euro financial woes hit us hard.

      Beetroot - 2012-01-08 07:34

      Thats like telling Zak to not drink the whole case of Black Lable!!

      Sanet Oelofse - 2012-01-08 08:02

      Buffer? Forward thinking is required for that.

  • Sanet Oelofse - 2012-01-08 07:42

    To quote Mr Mbalula, “Daai tshelete is f0k0l”

  • Bee2205 - 2012-01-08 07:43

    I can just see Christine Lagarde sitting there, thinking, "WTF am I doing here". Surely the international leaders that visit here see right through the farce that the ANC leadership is?

      John - 2012-01-08 08:29

      She probably sat there shivering in her boots because she realized that the ritual killing was about to start and if she didn't say something nice she might be the offering to the spooks.

  • Larry - 2012-01-08 08:10

    Worried that their is less for the Begging Bowl.

  • Silvana - 2012-01-08 11:40

    LOL Zuma is concerned about Euro debt impact. What the hell does he know about global economy?

  • heather.moller1 - 2012-01-08 14:11

    WTH why does anyone bother discussing ANYTHING with JZ. He is not aware of s..t. He will now turn to a white man / woman to get their expert opinion. He is an expert in one field only - making babies man, making babies. He is the head clown of the ANC and he "created" Julius and are now openly ashamed of his creation (his little boytjie), but secretly so proud him. Julius is JZ's puppet. Julius wont piss without JZ's permission.

  • marc.harenberg - 2012-01-08 15:14

    Maybe they offered him a job to try and sort out Europes economy as a 100th Bday present!!

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