May 29: What Does Standard Bank Know?

The opinion of Standard Bank’s analysts that the ANC will garner sufficient votes on May 29 to avoid a coalition raises some pertinent questions (Business Report, March 22).

For the continent’s biggest bank to make such a prediction suggests it knows something the rest of us don’t know. Moreover, it flies in the face of a groundswell of electoral discontent and polling which consistently has ANC support fluctuating at less than 45%.

Of course, it has long been a reality that in politics, there is really only one party—the financial party. Irrespective of how rotten the policies of a government are or how poorly it governs, political favours enjoy financial rewards.

In terms of the ANC’s scorecard, it should be disqualified from participating in elections at any level. There is not a single redeeming factor to its credit. Its 30 years in power have produced only dysfunctionalism, debt, impoverishment and corruption on an unprecedented scale.

In a sane world, there should be no doubt that the ANC is unelectable. But the fact that Standard Bank’s analysts think otherwise begs the question as to what part of the universe they inhabit. Why are another five years of failed, corrupt socialism preferable and inevitable? Who stands to benefit? Cui bono?

Is it that the financial discipline and reforms promised by the major opposition group are less palatable than the current shambles which passes for government under the ANC?  Is Ramaphosa’s promise that billions are poised to revive infrastructure an indicator that such investments are likely only under continued ANC rule? Again that raises the question: Who is benefiting who?

How is it that similar promises are not heard in the event that the DA-led coalition wins the May 29 election?

Since 1994, South Africa’s economic terrain has been globally recolonized. Globalist conglomerates now own a raft of previously South African businesses. Even Standard Bank is 49% foreign-owned – 20% of that by the Industrial and Commercial Bank of China. And that probably is the answer to how and why Standard’s analysts see ANC victory on May 29. Global finance prefers indebted, pliable, corrupt governments.

Nonetheless, one hopes Standard’s analysts are wrong and that the election process is not a futile exercise, otherwise, our future is bleak. That is heralded by the passage of the Bill expropriating property without compensation. For history shows that democracy suffers when private property rights are no longer inalienable.

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