Editorial

Battle for the Bank is a power play by the financially ignorant

09 June 2019 - 00:01 By SUNDAY TIMES

One thing we can be certain of is that the New Dawn is done, if indeed it was ever a reality or just a figment of our imagination. Last year's optimism when Cyril Ramaphosa became president and which was renewed, for some at least, at his inauguration, has now entirely evaporated as the poisonous politics consuming the ruling party became a toxic spill this week.

Ramaphosa's inauguration, at a price of R100m, was a slap in the face for the 38% of South Africans who are unemployed. Now economic growth has contracted by a shocking 3.2% in the first quarter, hitting all of us in the gut...

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