Joburgers support the Zuma Must Fall march
BRAAMFONTEIN – Major foreign investor in SA Barclays Bank PLC wants to pull out.
Residents of Joburg showed their support for the Zuma Must Fall march, by marching across the Nelson Mandela Bridge in Braamfontein on 16 December.
Social media was abuzz as thousands of residents marched, calling for an end to President Jacob Zuma’s presidency. The week before, Zuma fired Finance Minister Nhlanhla Nene and replaced him with David van Rooyen and then replaced Van Rooyen with Pravin Gordhan shortly thereafter due to a public uproar and a rough market reaction. Thousands of people gathered to express their dissatisfaction with Zuma through marches in Johannesburg, Pretoria and Cape Town demanding President Jacob Zuma’s removal from office.
Petitions were signed that will be delivered to Parliament in support of a vote of no confidence in President Zuma and social media took the front force using the hashtag #ZumaMustFall.
Nelson Mandela Bridge is officially occupied by #ZumaMustFallMarch protestors in Joburg pic.twitter.com/wZOFHHoy2w
— Yusuf Omar 🎥📱 (@YusufOmarSA) December 16, 2015
https://twitter.com/DonovanGoliath/status/677096926282665984
To make matters worse, according to financial reports, a major foreign investor in SA, Barclays Bank PLC, wants to sell its 62 per cent controlling interest in the top South African retail bank Absa. The Barclays stake is worth R73 billion and has gone down by R6 billion since Zuma’s firing of Nene.
The rand crashed after the firing of Nene and recovered slightly after Gordhan was appointed.
Barclays' new CEO considers scaling back UK-based bank’s long-standing African business. https://t.co/HzgvqrKxFE pic.twitter.com/FReXqznw4v
— Financial Times (@FT) December 16, 2015
Julius Malema was in UK a few weeks ago and now Barclays intends to sell its share of ABSA, the same bank the EFF will target first in 2016?
— Africa Unite (@AfricaUnite051) December 16, 2015
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