This is the text of an statement published by BLSA in City Press and Sunday Times, Sunday 16 April 2017
URGENT CALL TO ALL OUR ELECTED LEADERS TO STOP STATE CAPTURE
South Africa is in crisis:
- Our President’s irrational and inexplicable changes to the Cabinet have caused a sharp, expected an unnecessary decline in South Africa’s global financial standing.
- Those within the government and ruling party who disagree with the President’s actions are being vilified and criticised and the robust debate that has characterised South Africa’s liberation movement since 1912 is being silenced.
- Certain individuals and organisations, who do not understand the severe implications of a weakening currency and sovereign downgrade to “junk status”, either deny the cause or use ideology and pseudo economics to dismiss the effects.