Valuetainment

"Zuma's A Gangster" - South African Billionaire Rob Hersov CALLS OUT Presidential CORRUPTION

May 23, 2025
Robert Hersov, a South African billionaire who has returned after 31 years, boldly tackles the country’s political decay. He reveals the depth of corruption under past leaders like Zuma and Ramaphosa, critiquing their socialist policies. Hersov highlights the dire economic conditions, including stagnant growth and high unemployment, and condemns controversial practices like Black Economic Empowerment and expropriation without compensation, which he argues hinder foreign investment and stability.
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ANECDOTE

Robert Hersov's Home Return

  • Robert Hersov returned to South Africa after 31 years abroad because he was homesick and his parents were elderly.
  • He planned just a short visit due to the destructive presidency of Jacob Zuma.
INSIGHT

State Capture and Economic Decline

  • South Africa thrived with democracy post-apartheid until 2008, then deteriorated under Jacob Zuma's corrupt state capture policies.
  • Loyalists stole billions and crippled the nation's state enterprises, causing economic decline.
INSIGHT

Ramaphosa's Failure to Reform

  • Cyril Ramaphosa replaced Zuma with hopes for reform but proved equally ineffective and pliable.
  • Both leaders fostered racism, socialism, corruption, and incompetence leading to de-industrialization and economic stagnation.
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