Azar Jammine: What Gupta move to Dubai means for Zuma. Must read.

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Here’s a brilliant assessment of the implications of the Gupta bombshell for President Jacob Zuma, the ANC and South Africa. Azar Jammine, chief economist of Econometrix, nails it in this analysis of the way the Gupta family influenced Zuma and the forces which will be triggered by their moonlight flit to Dubai. As he points out, the favourable reaction of the Rand shows investment market delight at the development. Money market spreadsheet jockeys in London and New York are now betting from a rapid Presidential exit. Much like what they expect in the wake of the anticipated impeachment of Zuma’s BRICS counterpart, Brazilian Dilma Rousseff. Jammine has produced a must read for anyone wanting to make sense of the noise around the Zupta phenomenon. – Alec Hogg

By Azar Jammine*

Accusations Of state capture by Gupta family

The political/economic environment in South Africa continues to be subjected to daily shocks of new news related to President Zuma’s refusal to step down as President of the country notwithstanding a host of scandals surrounding his incumbency.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
16.08
-0.9%
Rand - Pound
21.28
-0.4%
Rand - Euro
18.18
-1.0%
Rand - Aus dollar
11.26
+0.4%
Rand - Yen
0.14
-1.3%
Gold
1,784.01
+0.9%
Silver
22.52
+0.6%
Palladium
1,798.46
+0.8%
Platinum
934.50
-0.6%
Brent Crude
69.67
+1.2%
Top 40
64,307
-0.4%
All Share
70,808
-0.3%
Resource 10
66,503
-1.6%
Industrial 25
93,791
+0.1%
Financial 15
13,982
+0.7%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot