In a totally unexpected and never considered would happen, Zuma yesterday removed Nhlanhla Nene, as Minister of Finance and replaced him with unknown David van Rooyen.
And even more amazing is the fact that he in addressing a meeting of businessmen yesterday said; “I am a politician and don’t know anything about supply and demand and commodities and for that matter the rate of exchange, it is not my business to know it in any case!” not in any way making any mention of the removal of the Minister of Finance from his portfolio and then those attending the meeting – having the audacity to applaud him for his comments – do they lack any kind of intelligence or where they actually paid to applaud at the right time and would be the most appropriate question to ask?
If anything has ever been ill-timed and or ill-advised (not that Zuma would in any case listen to advice) this is indeed it! One need to ask if, and we are sure that he has advisors, if he ever listens to them or considers what they may say?
South Africa and investment in the country is on the brink of being downgraded for investors to junk status and now Zuma removes the Minister of Finance and with the most recent event happening we can be sure that we would soon be considered as ‘junk’ by investors taking their money elsewhere.
The Minister of Finance portfolio is one of the most senior and crucial portfolios in parliament and represents the economy of South Africa which in turn creates investor confidence in the country.
Yet at this crucial time Zuma, considers it appropriate, relevant and in the interest of South Africa to remove the Minister that plays such a pivotal and important role in the future of our Country.
What sinister reasons may have caused this would be the most appropriate question to ask? Does Nene maybe know something that Zuma doesn’t want other people to know? Would it be that Nene was not prepared to ‘bail-out’ Zuma’s girlfriend that heads SAA or did it have anything to do with Nene not wanting to back his nuclear ‘plan’ with Russia?
Most probably Nene didn’t want to play the ‘card’ Zuma handed him, and for that reason it cost him his job.
No sooner, actually 15 minutes after the announcement the Rand Dollar exchange rate dropped from R 14.15 / $ 1.00 to R 15.39 / $ 1.00. This is effect means that the Rand / Dollar exchange rate dropped (weakened) by 8.76% and this is indeed very alarming and cost South Africa Billions of Rands in the process, having to pay more for our imports that we survive on. (Now we will even have to pay the Chinese more for their products that we import!)
That we are going to pay the price for this and that we are going to pay to our greatest detriment is more than evident and all thanks to Zuma – the one that thinks he knows what is best for us!
This just proves once again that Zuma and for that matter the party that he represents the ANC just couldn’t care less about the damage that he in his actions or the party as a consequence does to the country. He does just as he pleases and just couldn’t care any less and the party and all of its flock just follow the leader who pays them so handsomely for saying nothing and just bleating, whinging, and bellyaching in unison.
Investor confidence if there were still any left for anybody to invest into South Africa – just went out of the window! That we can hope to attract foreign investment into the country is now an absolute and unequivocal NO!
The man just proved to us once more that he and his party is of the most important to him, no matter the consequences that it may have for the country – he does as he pleases!
What will eventually be the reason given for his removal from the office of the presidency will be as far removed as the North Pole is from the South Pole as we will just have to believe it as we have become so used to being ‘dished up’ fiction in so many ways, that we have became accustomed to it.