‘scorched earth’ strategy

President Jacob Zuma is currently in a weakened state with only a “scorched earth” strategy remaining open to him, said economist Peter Attard Montalto of Nomura in a company note on Monday. According to Montalto, the situation in South Africa is “ultimately unpredictable”, following events last week when Finance Minister Pravin Gordhan was charged with fraud and theft, the delayed release of the public protector's report on state capture, which is subject […]