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Cape Town - Aggressive uncertainty, with a hint of some form of dictatorship style rule by President Jacob Zuma, has put the South African economy and the country in grave danger, according to economics, behavioural and management consultant Terry Stratis.
"The ANC elective conference in December is arguably the most important event in South Africas history since the beginning of the country's new democracy. This will undoubtedly set the course of the future of SA," he said.
In his view, since Zumas’ surprise recent cabinet reshuffle, investors are reaching "almost a point of panic", with the rand having weakened significantly since the cabinet reshuffle.
To this is added even more pressure from increased speculation about the possibility of Deputy President Cyril Ramaphosa being fired.
"President Zuma is desperately attempting to ensure that his Cabinet consists of strong allies in order for him to pursue what consistently seems to be his own self-interests and self-preservation," said Stratis.
"These actions solidify the fact that there is in-fighting within the ANC, which is certainly much worse than was previously thought. Ramaphosa, is seen as the strongest contender for the ANC's top position. One could then very likely see him removing Zuma."
Stratis pointed out that Ramaphosa is favoured by both local and international investors, is highly respected both locally and internationally and is seen by many of them as the best choice for the country’s top position.
"President Zumas removal of Blade Nzimande as minister of higher education leads us to believe that the Tripartite Alliance could be, or is, in serious danger of falling apart. Particularly since Nzimande stated earlier this year that the SACP would consider contesting elections independently of the ANC," said Stratis.
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