Rob Rose and Zukile Majova are joined by Patrick Smith from Africa Confidential for the 17th episode of Sharp Sharp, the weekly podcast on South African politics, money and power from Currency and Scrolla.Africa.
This week: the Public Investment Corporation, Africa’s biggest asset manager, is in freefall. The CEO has been suspended, five directors have resigned, and two of the ANC’s most powerful finance figures are locked in a turf war over who actually runs it. Rob and Zuks unpack why a body managing R3.7-trillion in government pensions keeps ending up here, and Patrick brings in comparisons from across the continent, including Zimbabwe’s opaque Mutapa Investment Fund and Nigeria’s own pension fund troubles.
From there, the conversation turns to business’s fading faith in Cyril Ramaphosa, why replacing bad ministers with worse ones keeps costing him credibility, and what a looming super-El Niño could mean for South African farmers and food security across the continent.
They close on Air Zimbabwe’s resumed London route, and why the story behind it isn’t quite the comeback it looks like.
Sharp Sharp is a podcast on South African politics, money and power from Currency and Scrolla.Africa. New episode every week.
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