Dear All
The corrupt and devious president of our beautiful country has fired the much respected Minister of Finance, Nhlanhla Nene.
The reason for this move was not provided (this in itself worries investors tremendously) and an unknown replacement, David Van Rooyen, has been appointed in his place.
Who is he?
He was a member of the portfolio standing committee on finance in parliament. He seems to toe the ANC line and has not made any profound contributions while being on that committee.
He apparently holds an Advanced Business Management Diploma, a Diploma in Municipal Governance and a Masters in Public Development and Management, amongst other certificates. He has no provincial or central governance experience.
It is concerning in that these unexpected decisions, made by a man who seems to have very poor grasp on reality, unsettle global and local investors.
Uncertainty as to what a government will do next is the enemy of the investor and therefore of the taxpayer and therefore of the nation as a whole.
This president of ours is a very dangerous man. He has stepped out of line deliberately, thereby making a statement to the world that he is in charge and he alone, while his ANC followers (I do not believe there is a leader among them) watch and dare not do anything to stop him.
We need to hope and pray that the global community does not downgrade our soverign bonds to junk status. Were that to happen, our government’s funding programme would be put in jeopardy and unemployment, already huge, would explode. Of course, ours is one of the most inept of all governments and their spending is one of the root causes of our reborn nation’s financial dilemma.
Our wonderful country was given a second chance in 1994. The time has come for a different, racially diversified, government to take us forward before we collapse in a whirlpool of corruption and anarchy. This is probably our last chance at radical, appropriate change.
Kind regards
The Intasure Life team
