The politi cs

Finweek English Edition - - IN THE NEWS -

When com­pared to the po­lit­i­cal cli­mate of the early 2000s, the cur­rent po­lit­i­cal land­scape is far less pre­dictable. Bal­lim says that 15 years ago SA of­fered a higher de­gree of sta­bil­ity, the pol­icy foun­da­tions were well-es­tab­lished and con­sis­tency be­came the hall­mark of pol­icy, with less fac­tion­al­ism at the sur­face.

“To­day, we would sug­gest t hat we’ve shifted to an en­vi­ron­ment where fac­tion­al­ism, a lack of pre­dictabil­ity, pol­icy con­sis­tency and pol­icy co­he­sion are at a shal­lower level than yes­ter­year. The po­lit­i­cal cli­mate does fea­ture slightly more el­e­vated than 10 years ago, or eight years ago, in terms of shap­ing the over­all in­vest­ment cli­mate,” he says.

Bal l i m s ay s t he ANC, which tra­di­tion­ally at­tached a lot of grav­i­tas to the strength of its lead­er­ship, can no longer make such claims, which could af­fect the geopo­lit­i­cal en­vi­ron­ment in the next two years.

“We know, for ex­am­ple, in 2014 that op­po­si­tion par­ties, es­pe­cially in the form of the EFF, at times cou­pled with the DA, were able to seize the front foot in Par­lia­ment. Fa­mously, the pres­i­dent was un­able to par­tic­i­pate, or re­luc­tant to par­tic­i­pate, in all four Q& A ses­sions of last year. In 2015, by virtue of par­lia­men­tary rules and also con­sti­tu­tion,

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