NEC has known about state capture since 2012 - analyst

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President Jacob Zuma.
President Jacob Zuma.

*Correction: This article previously misattributed a quote to RMB Chief Economist Ettienne le Roux saying that the rand would trade at R12/$ in the case of President Jacob Zuma's removal. This has since been corrected. 

Johannesburg – The ANC national executive committee (NEC) knew about state capture as far back as 2012, according to an analyst.

Nomura emerging market economist Peter Attard Montalto said in a statement on Tuesday that the recent motion of no confidence against President Jacob Zuma is just the NEC’s way of responding to the public backlash following state capture reports.

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