- Category: Broadcast News
- Published on Thursday, 20 April 2017 14:10
Investors in the UK are expressing concerns about political developments in South Africa after its sovereign credit was downgraded to junk status following President Jacob Zuma’s Cabinet reshuffle.
IOL's political bureau report that independent politician and businessman, Lord Anthony St John of Bletso, in an interview with radio host Xolani Gwala on 702 on Thursday morning, said investors were questioning the government’s short to medium term policies. “And of course they raised the concern that Jacob Zuma might look to try and have a third term, we have seen this happening several times ... But presidents serve two terms and no more,” he said. Lord Anthony, who grew up in South Africa and was involved in the anti-apartheid movement, said he was concerned that Nelson Mandela’s values were “under threat”, adding: “The cabinet reshuffle recently was shameful.”