Minister retracts business accusation

Small Business Minister Lindiwe Zulu has reportedly done an about-turn on statements she made this week accusing business leaders of manipulating global markets in an attempted coup to bring down President Jacob Zuma.

The Mail & Guardian reported yesterday that in an interview with Zulu this week‚ she said business had “written off” Zuma a long time ago.

But unfortunately they had written off a man who “is the future”, she said.

The publication reports that Zulu’s views were widely held within the ruling ANC.

However‚ yesterday Zulu retracted her statements‚ saying she had been quoted out of context in a report by Eye Witness News.

Instead‚ she said there was no plot to bring down the president‚ but that business did not communicate well with the state and the ruling party.

Zulu’s comments come after thousands marched in Cape Town and Johannesburg on Wednesday‚ calling for the removal of Zuma and for stronger societal activism against corruption.

This followed Zuma’s much criticised decision to remove respected finance minister Nhlanhla Nene and replace him with unknown Des van Rooyen.

He later returned Pravin Gordhan to the Treasury.

Zulu said business did not have to support Zuma’s decision. She said he had reappointed Gordhan because he had listened to business leaders.

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