Now that Jacob Zuma has won the top seat of the ANC, the big question for me is how he will influence change to benefit the working class. Let us look at the consumer implications rather than the broader subject shall we?
No doubt the man is seen as thee person by the working class, hence support from the trade union COSATU. The other point is, as reported on iol:
Unlike Mbeki, Zuma has risen through the ranks without family connection, becoming part of the ANC’s second-highest decision-making body 30 years ago.
If these things are anything to go by, could one presume that Jacob Zuma will influence an interest rate decrease? Since it is the working class who are being burnt the most. [interjection: Wealthier people benefit from investments since the interest gained increases, earning them a few more Rands].
I think this is one flipside that could prove positive indeed.
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