WORLDVIEW: Banks gone from Zuma’s SONA hero to zero in 12 months. Ask the Guptas.

By Alec Hogg

What a difference twelve months can make – as we were reminded during South African President Jacob Zuma's State of the Nation address last week.

In the same speech last year Zuma was positively preening about his country's bankers: "We are proud of our Top 10 ranking in the World Economic Forum competitiveness report with respect to financial services," he gushed. "Maintaining and indeed improving our ranking is important to our competitiveness as a country. It is also fundamental to our ambition to become a financial centre for Africa."

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