Moeletsi Mbeki foresees another five years of ANC’s five deadly sins

Loading player...
If the polls are correct, the ANC faces the possibility of losing its majority in South Africa’s national elections on the 29th of May this year. So, what went wrong for Nelson Mandela’s once proud political movement? Businessman and independent political analyst, Moeletsi Mbeki has identified five deadly sins that have contributed to the ANC’s downfall and the country’s current issues. In an interview with Biznews, Mbeki highlights the policies of Broad-Based Black Economic Empowerment (BBBEE) and the ANC’s decision to cultivate a middle class through public service employment and affirmative action, rather than fostering entrepreneurship. He notes that these employees are among the highest-paid civil servants in the world. Mbeki also criticises the ANC’s decision to retain state-owned enterprises instead of privatising them, citing the success of privatised company SASOL. The fourth and fifth sins, according to Mbeki, are the government’s policy failures in Zimbabwe and Mozambique and the removal of military control over South Africa’s land borders, leaving the country vulnerable. He poses the question: Who can prevent Islamist rebels from entering South Africa and planting landmines? President Ramaphosa, Mbeki said, has repeatedly made it clear that he is sticking to these policies and the ANC is not planning to change course. As a result, public support for the ANC is waning due to these “five deadly sins.” Mbeki forecasts that whatever government is produced by the coming election, the ANC will remain central to it. This means he said, “We will continue with this stagnation we are sitting with. Whoever is in coalition with the ANC will have to live with that.”
21 Feb 2024 10AM English South Africa Investing · Business News

Other recent episodes

How solidarity plans to force out BEE by 2030: Connie Mulder | The NdB Sunday Show

In this edition of the NdB Sunday Show with Chris Steyn, Connie Mulder, the head of Solidarity's Research Institute (SRI) shares its comprehensive roadmap to gradually transition South Africa from race-based legislation to real empowerment, based on need, economic growth and job creation by 2030. It includes practical suggestions on…
17 May 7AM 30 min

How Egoli Youth Empowerment turned squash into a pathway to opportunity for Joburg's youth

Egoli Youth Empowerment started with squash courts in Soweto and grew into a holistic youth development programme spanning sport, academic support, life skills, leadership, entrepreneurship and urban farming. Director Glenn Lazarus and Programme Director Sharon Sibanda tell BizNews how EYE is creating safe spaces, developing young talent, and helping vulnerable…
15 May 9AM 19 min