Political tension and economic woes in South Africa have led to growing concerns
In South Africa, political tension and economic woes surrounding the president have led to growing concerns in the business community. According to the South African Chamber of Commerce and Industry, business confidence fell to 93 point 2 in May, the lowest since October. Well one top leader of the ruling ANC says President Jacob Zuma could be on his way out before his term ends in 2019. Secretary General, Gwede Mantashe, says the unravelling scandal has left a massive dent on the party. Zuma is accused of handing state assets to a wealthy Indian business family known as The Guptas. Thousands of leaked emails allege many well paid government contracts were awarded to the family. The leaks further claim that the Guptas were planning to buy several media houses that are critical of Zuma.
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