Cyril is in all-out war with the Zuma faction, and he’s losing

Ideas

Cyril is in all-out war with the Zuma faction, and he’s losing

The Zuma crowd and EFF will use the land and Reserve Bank issues to get rid of the president

Columnist

Truth was the first casualty in the extremely damaging spat over the Reserve Bank last week. The rand tanked. Investors got the jitters. Ratings agencies raised eyebrows. Alarm bells rang everywhere. Confusion and uncertainty heightened as lies reigned supreme.

So here are some truths and some untruths. Here is what’s really happening here.

First, the Ace Magashule and Jacob Zuma supporters within the ANC and its national executive committee are absolutely right. Magashule said and did nothing wrong last Tuesday when he declared that the ANC’s lekgotla had resolved that the central bank’s mandate should be expanded...

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