President Cyril Ramaphosa. File photo: ANA
President Cyril Ramaphosa. File photo: ANA

LETTER: Does the ANC want a Zim scenario for SA?

By Letters Time of article published Jan 22, 2019

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DURBAN - One can only worry about the direction in which the country is being pulled under President Cyril Ramphosa’s new dawn.

Watching the Gupta enabler Ace Magashule spout issues on television about nationalising the Reserve Bank is frightening. The independence of the Reserve Bank is sacrosanct.

A toddler like US President Donald Trump is also trying to control the US Federal Reserve’s monetary policy.

But the ANC, under Ramaphosa, muscling in on the Reserve Bank is another thing altogether.

I hear the ANC hotheads when they think populist policies will cure poverty and unemployment.

The Reserve Bank has a specific mandate, be it control of monetary policy and/or targeting inflation.

Remove the Reserve Bank’s independence and you will see capital taking flight.

Zimbabwe is a failed state, having done all that the ANC is trying to do now.

Wonderful party manifestos won’t eradicate poverty and unemployment.

Send our ANC hotheads to Zimbabwe, to see for themselves how the rot has set in.

Failed policies on land ownership, indigenisation of key industry ownership have all failed.

Our fanciful BEE policies have made a few citizens super-rich here, but it has not helped the poor and the downtrodden.

There is a lack of money supply in Zimbabwe, resulting in fuel shortages; very little food production; and idle and closed industries, brought on by years of misrule and muddled policies.

All it did was drive investors away and the once-thriving agricultural industry has been decimated. Is that what the ANC wants for its citizens and this country?

Electioneering is always a time of madness. Politicians mouthing platitudes is nothing new, but to promote policies that will increase poverty and suffering is total madness.

While Ramaphosa and Minister of Finance Tito Mboweni are basking in the glow of Davos, looking for investors, could it be that they are just chasing shadows if the ANC government does not gets its policies right?


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