Cape Town - Save SA convenor Sipho Pityana said National Treasury “is the last frontier between [President Jacob] Zuma and unfettered access to the coffers of the state of this country” in an address at the Cape Town Press Club on Thursday.
Pityana, who is also chairperson of AngloGold Ashanti, said “Zuma and his cronies' attempts to loot the fiscus are frustrated by National Treasury”.
“When our National Treasury is overrun it will be game over for South Africa,” he said. “If you have no sense of what a nuclear deal will mean for SA, think about this: we'll work for the Russians for the rest of our lives. Our children would be slaves of the Russians.
“When Project State Capture is complete, our state-owned entities will provide unfettered access to state resources for Zuma and his cronies and family members,” he said.
“There is a Cabinet lekgotla currently taking place, but will the real issues be addressed?” he asked. “Such as the hard questions about why the FIC Bill was sent back on the flimsiest of grounds. Or why the president pushes for the black industrialists programme, yet the richest of them all is his friend Ajay Gupta."