It appears that the current ANC president, Cyril Ramaphosa, is probably an even weaker leader than his predecessor, Jacob Zuma, on economic grounds.
This is the opinion of an anonymous Pretoria economist following the president’s announcement that he will nationalize the Reserve Bank in the foreseeable future.
It is now clear that Ramaphosa has little knowledge when it comes to the financial aspects of a country, and even less when it comes to persuading foreign investors to win their trust.
The announcement caused the frantic Rand to fall further into the abyss, and foreign investors were frightened by the unexpected turn.
The opposition parties have also peppered Ramaphosa with questions in parliament, he did not want to answer some of the main concerns.
It is probably better for him not to answer questions of concern or to lie blatantly as in the past.
Read the original article on Die Vryburger in Afrikaans
This report does not necessarily reflects the opinion of SA-news.