Reuel Khoza's criticism of the Jacob Zuma administration is significant because of his position as chairman of one of South Africa's big four banks, Nedbank. It is unusual for business leaders in this country to be so robust in their assessments of government, at least since the ANC came to power in 1994. Although Khoza did not mention Zuma by name, there can be no doubt whom he had in mind when, in the bank's annual report, he referred to "a strange breed of leaders who are determined to undermine the rule of law and override the Constitution". That has Zuma written all over it, given the President's repeated comments on the Constitution and the highest court in the land. Zuma was also clearly the target when Khoza said: "Our political leadership's moral quotient is degenerating and we are fast losing the checks and balances that are necessary to prevent a recurrence of the past." On a commercial level there could be consequences for expressing such views. Nedbank may find itself at the back of the queue when it comes to doing business with government. We applaud Khoza's courage, and wish more business leaders would speak up against the way democracy is being undermined by morally questionable leadership. Encouragingly, Khoza's intervention coincides with what appears to be a rising tide of discontent with Zuma, even within the ANC leadership. Anti-Zuma sentiment is not restricted to Julius Malema and his disgruntled youth league. Although there is not supposed to be any discussion before October about candidacy for December's ANC leadership elections, there are already several hats in the ring. Zuma's weaknesses have been exposed and he will be challenged. Good. http://www.citizen.co.za/citizen/content/en/citizen/opinion-leaders?oid= 269849&sn=Detail&pid=40&Tide-is-turning-against-Zuma http://www.investec.com/legal/email-disclaimer.html The disclaimer also provides our corporate information and names of our directors as required by law. The disclaimer is deemed to form part of this message in terms of Section 11 of the Electronic Communications and Transactions Act 25 of 2002. If you cannot access the disclaimer, please obtain a copy thereof from us by sending an email to: [email protected] -- You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. To UNSUBSCRIBE, please email [email protected] . You don't have to put anything in the "Subject:" field. You don't have to put anything in the message part. All you have to do is to send an e-mail to this address (repeat): [email protected] .
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