WATCH: Terry Bell on Guptagate: Patronage part of ANC's DNA

Cape Town - Patronage has been part of the ANC's history since exile and has led to the present quagmire the ruling party finds itself in, says political analyst Terry Bell.

The alleged influence of the Gupta family in key government appointments has been described as ‘state capture’ of government by business interests outside the formal political framework.

The admission by Deputy Finance Minister Mcebisi Jonas that he was offered the position of finance minister by a member of the Gupta family has cast a dark cloud on the ANC leadership's operations.

READ MORE: Guptas offered me Nene's job - Jonas

Bell says the ANC has always had a system of patronage "and patronage leads to corruption".

"The problem is patronage and the fact that people need their jobs to maintain their mortgages, there standards of living etc. And it is very well known in the ANC circles that if you step out of line you lose your position," Bell says.

WATCH


ZAR/USD
16.80
(-0.13)
ZAR/GBP
21.04
(+0.34)
ZAR/EUR
19.09
(-0.05)
ZAR/AUD
11.67
(-0.03)
ZAR/JPY
0.16
(+0.12)
Gold
1799.48
(-0.14)
Silver
19.01
(-0.38)
Platinum
828.51
(+0.33)
Brent Crude
42.17
(-1.20)
Palladium
1969.76
(+0.88)
All Share
55406.61
(-1.41)
Top 40
51113.02
(-1.47)
Financial 15
10604.92
(-0.92)
Industrial 25
75451.05
(-1.90)
Resource 10
52772.58
(-1.04)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 2018 votes
I am taking a hit, but should be able to recover in the next year
23% - 2639 votes
My finances have been devastated
35% - 3953 votes
It's still too early to know what the full effect will be
25% - 2829 votes
Vote