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Zumagate an opportunity to add impetus the economy

01 February 2006 Angelo Coppola
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The Zuma affair and its handling will have a significant effect on the economy, either as a retardant or economic advancer.

The upcoming state of the nation address this week (early February) will give some guidance and one hopes, some clear direction on the Jacob Zuma affair and the approach that the government will take.

It appears that Zuma still has political aspirations, and he is attempting to hold onto the deputy presidency of the ruling party, as he may believe that he has another breath left in his political body.

This reminds me of the recent announcement that a certain Western Cape politician has announced he will be running for an opposition party, after he was essentially booted out of the ruling party, following his fall from grace, after a series of not-so-politically correct financial activities were exposed.

The question really is the economic effect on the countrys democracy. According to Gollam Ballim, chief economist at Standard Bank the manner in which the Zuma affair is dealt with will either act as a retardant or an advancer of our democracy and then more directly, the local economy.

If the principle of accountability is adhered to and Zuma is retired and he then has his day in court with whatever the eventual outcome and possible delays should there be any legal appeals, then the global perception of the country will be enhanced and the economy will benefit.

Read that the local consumer, regardless of their political persuasion, will benefit. It seems like a no-brainer to me.

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