Sunday, October 21, 2012

JPMorgan worried about SA’s political stability

Andiswa Mkosi
21 October 2012

International financial services firm JPMorgan Cazenove has warned its clients that unrest and irregular strikes in South Africa’s mining industry could continue for at least another six to 12 months.

The company’s research division believes that factionalism within the governing tripartite alliance would not be resolved once new ANC leadership was decided at the party’s elective conference in December.

They say the state has limited ability to suppress future strike and community protest activity in the country.

Meanwhile Former President Thabo Mbeki lashed at President Jacob Zuma’s leadership of the country.

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