Admin
26 Apr, 2017
Nuclear deals: Western Cape High Court judgement is an indictment of a Government involved in sneaky deals
Statement issued by UDM President Mr Bantu Holomisa, MP The United Democratic Movement (UDM) welcomes the Western Cape High Court ruling in favour of the case brought against Government by Earthlife Africa Johannesburg and the Southern African Faith Communities’ Environment Institute. This ruling is a good lesson for Government to understand and accept that accountability and transparency are non-negotiable Constitutional dictates. Government must stop trying to sneak such deals without the knowledge of the people. The ruling is also in favour of the millions of citizens who would have had to service this long-term debt for a deal that could have bankrupted the national fiscus. South Africa’s economy has already been downgraded to junk status and therefore would not have been able to raise external funds without punishing the poorest of the poor. The UDM warns Government leaders to stop placing their personal interests and that of their party ahead of the people of South Africa. End
Admin
03 Apr, 2017
Negative impact of Zuma’s cabinet shuffle: South Africa hits junk status
President Zuma’s cabinet reshuffle has caused “radical economic transformation” of a different kind with Standard & Poor’s (S&P) Global announcement that South Africa’s sovereign credit rating has been downgraded to BB+. We might as well use the term “junk status” to describe our government. Mr Zuma bandies this phrase about, making a sweeping statement, without any clear policy detailing what his radical economic transformation entails. This not only confuses South Africans, but any international would-be investors are surely looking elsewhere to spend their money. Enough is enough! The African National Congress has clearly lost control of President Zuma, and by default the country, jeopardising any hope of a prosperous economic future. In line with what the opposition parties said today, the United Democratic Movement will exert even more pressure to have the Speaker of the National Assembly, Ms Baleka Mbete, accede to our call for a special, and urgent, meeting of the House to discuss a motion of no confidence in President Zuma.
