Bloomberg reports that according to Sibanye CEO Neal Froneman, President Jacob Zuma “has to go”, with poor governance deterring prospective investors.  

He said on Monday in an interview from the Denver Gold Forum in Colorado Springs:  “Any solid investor, any solid company is founded on good governance and what we have in South Africa at the moment is very poor governance, from a government point of view.”  Froneman went on to say:  “There’s no doubt there’s incompetence.  There’s corruption.  And all of those things have to change.”  He joins a growing chorus of SA business leaders criticising the president’s stewardship of the economy.  Sipho Pityana, chairman of AngloGold Ashanti and a prominent ANC member, last week said Zuma had “no integrity” and his actions were putting SA at risk of a credit-rating downgrade to junk.

• Read this report by Danielle Bochove, Kevin Crowley and Millie Munshi in full at Business Report

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