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.