Reuel Khoza Ridicules Zuma’s Political Leadership, Goes For The Jugular


NedBank’s former chairman Reuel Khoza takes on President Zuma and South Africa’s  political leadership saying they imposed political solutions on legal matters.

NedBank’s Khoza was speaking on Thursday at the Nedgroup Investments Cash Solutions Treasurers Conference in Illovo, Joburg where he was asked to speak imagining he is the South African President.

There, Khoza criticized Zuma’s act of sacking Nhlanhla Nene who he described as a “learned and experienced finance minister” and for no reasons, replaced him with someone (Des van Rooyen) who is of questionable experience.

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Going for the Jugular, Khoza said he would start by resisting being a polygamist, a direct swipe at Zuma who has four wives.

“One of the tantalizingly attractive things about being president is that you can choose to be polygamous, and as a polygamous president, you come and have R9 million because you have whatever the number of wives,” he said while referring to this week’s disclosure that the Budget meant for the Police was spent in purchasing cars for the president’s wives.

According to Reuel Khoza, there was little one could do positively in a day but there was a lot of negative things one could do. “You have the opportunity to fire a highly qualified and commendable person.

“On a more positive note, you can replace that dubious someone with a proper appointment (Pravin Gordhan) and stem the tide. So, if you do that in one day, you will have done something pretty phenomenal.”

He added that he would pause, reflect, introspect and reconsider his sense of destiny. And from that he would sketch a vision.

“I would make sure I start by ensuring that I have a deep understanding and appreciation for the country’s constitution, read it from cover to cover and make it very much a part of my life theory.”

Speaking further, the NedBank’s ex chair said considering how people barely understand and probably remember the National Development Plan (NDP), he would do his best to summarize it in just four lines

“The NDP as we have it now is about four pages of fantastic poetry and that, typically, people don’t remember. I would seriously consider changing the electoral system because that’s where the fundamental flaw is.

“This thing of appointing people at a whim because somebody has called me president is not being representative. In the electoral system that we have nobody is held accountable,” he said as he went on to advocate for more representative constituency-based electoral system” that would give the citizenry a greater say.

Meanwhile, Reuel Khoza has called on the legal and regulatory framework to be a lot more business friendly because the turnaround time for small business in particular was painful.

“It took me seven years to build a school because of the many parasites squatting on the system with arms stretched to receive something they did not earn. I would make sure I polish my ability to read and learn figures.

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“I would also consult or work with leaders from all walks of life, even philosophers who would help me understand issues of ethics and morality” Khoza said adding that he would respect and adhere to the sanctity of separation of powers between legislature, executive and the judiciary but wont try solving legal issues with imposing political solutions.