South Africa: Ramaphosa's Funders Have Harmed South Africa More Than They Realise

opinion

Cyril Ramaphosa's financial backers committed a grave mistake in donating millions of rand to his campaign, and have set him up for failure. They have sowed distrust between him and his largely poor constituencies that always viewed him with suspicion. They have confirmed he's there to protect the interests of those who want the status quo to remain.

I agree that President Cyril Ramaphosa might have done nothing illegal in soliciting around a billion rand from South African captains of industry for his ANC presidency campaign, and his spin doctors are completely missing the point when they use this line. They are also missing the point when they call for Nkosazana Dlamini Zuma and leaders of other political parties to reveal their funders because those people did not win the elections and are not heads of state.

Second, it's astonishing that in a country with more than 10 million unemployed people, rising poverty and inequality, one man can raise a billion rand to fund his political campaign. And we are not talking about any man but a deputy president at the time. The question is, why do you need a billion rand for an internal campaign? Bear in mind that...

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