Valuetainment - May 23, 2025


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


Episode Stats

Length

10 minutes

Words per Minute

162.65872

Word Count

1,691

Sentence Count

164

Hate Speech Sentences

9


Summary

After 31 years of living in America, Europe, and mainly the UK, I decided to return home to South Africa in 2017. I went back because I was homesick and because Jacob Zuma was destroying the country. And that makes a lot of sense.


Transcript

00:00:00.000 And after 31 years of living in America, Europe, and mainly the UK,
00:00:04.720 I decided to go back to South Africa in 2017.
00:00:08.580 I read that.
00:00:09.580 Yeah, 31 years of season.
00:00:10.760 Why did you go back?
00:00:11.740 And people are going the other way.
00:00:13.040 They're leaving in droves.
00:00:13.980 Yeah, there's brain drain that's taking place over there.
00:00:16.880 I went back because I looked my wife in the eyes and said,
00:00:19.880 my parents are still alive.
00:00:21.520 My father's 99 this year, mother 1991.
00:00:25.200 Our name is still reasonably well-known in South Africa,
00:00:28.340 being an industrial family.
00:00:30.380 And I want to go home.
00:00:31.540 I'm homesick.
00:00:32.660 But we'll only go home for two to three years because Jacob Zuma,
00:00:35.880 the president at the time, is destroying the country.
00:00:39.980 Let's go back, show our kids, see South Africa, and then leave.
00:00:44.160 And what I'm not going to do is get involved in politics
00:00:48.640 or invest in anything in South Africa that has any long-term horizon
00:00:52.820 or involves the government.
00:00:54.000 That makes a lot of sense.
00:00:54.920 So you say-
00:00:55.440 So what did I do?
00:00:56.220 No, but wait a minute.
00:00:56.780 You just said that the president of South Africa is destroying the country,
00:01:01.320 and that's why I'm going back for two to three years,
00:01:03.500 but I'm not going to get involved in politics.
00:01:05.220 That makes a lot of sense, Robert.
00:01:06.820 Yeah, I really stuck to that.
00:01:08.220 Yeah, it makes a lot of sense.
00:01:10.380 So why is he destroying the country and how is he destroying it?
00:01:13.020 So I'll give you a quick potted history.
00:01:14.280 In 1994, apartheid ended, and the country and government
00:01:18.840 was handed over peacefully to the majority, the black majority.
00:01:23.620 And for 12, 14 years, South Africa was actually a success story.
00:01:29.400 It was the miracle democracy, the miracle story.
00:01:32.140 The West said, we've won, we've saved South Africa, there's democracy.
00:01:36.280 And the country grew at 3%, 4%, 5% a year.
00:01:39.380 There was meritocracy, there were black, white, colored Indian people
00:01:42.180 in all the jobs, and everything was going well.
00:01:45.240 In 2008, the rot began.
00:01:47.160 So there was Mandela, Mbeki, and then President Jacob Zuma,
00:01:52.640 complete gangster, rogue villain.
00:01:55.280 He's a gangster, Jacob Zuma?
00:01:57.140 He's the gangster.
00:01:58.520 And he instituted a thing called state capture.
00:02:02.500 All our state-owned enterprises, railways, electricity supply,
00:02:07.120 South African airways, he put loyalists in place
00:02:10.360 whose only job was to steal.
00:02:12.680 And hundreds of billions of rand were stolen and offshored.
00:02:19.440 And that was when the country began its descent
00:02:23.040 into potential economic collapse.
00:02:25.980 This is in 08?
00:02:27.180 This is 08, 09, till 2017.
00:02:31.180 So state capture is a type of systemic political corruption
00:02:33.560 in which private interests significantly influence
00:02:35.340 a state's decision-making processes to their own advantage.
00:02:39.240 The term was first used in World Bank in 2000,
00:02:41.400 describing certain Central Asian countries
00:02:43.380 making the transition from Soviet communism
00:02:46.160 where small corrupt groups use their influence
00:02:49.440 over government officials to appropriate
00:02:51.440 government decision-making
00:02:53.160 in order to strengthen their economic positions.
00:02:55.540 Okay, so 2008, 2009, he's doing this.
00:02:59.540 He begins it.
00:03:00.320 He begins it.
00:03:01.080 And they remove all the middle-class, small-town, big-city employees
00:03:09.100 who for decades have been handling maintenance
00:03:13.380 of the local sewage plant.
00:03:15.780 You know, all those jobs that the smaller people
00:03:18.820 in smaller jobs do day-to-day to keep the economy going.
00:03:22.180 And they put ANC, the government, loyalists in place
00:03:26.300 who had no competence and who ended up stealing and breaking.
00:03:31.820 Every one of our state-owned enterprises,
00:03:33.900 either bankrupt or stolen to death as of today.
00:03:37.880 But in 2017, the ANC elected a new president,
00:03:43.220 because they had over 50% of the votes,
00:03:45.120 President Cyril Ramaphosa,
00:03:48.140 who everyone believed would save the country.
00:03:51.760 He's been just as bad as Zuma.
00:03:54.760 And he arrives tomorrow to meet President Donald Trump.
00:03:59.100 He arrives tomorrow to meet President Donald Trump.
00:04:00.840 Ramaphosa.
00:04:01.960 Yeah, he said he was negotiating with the president.
00:04:05.320 So tomorrow might, if it's recorded,
00:04:07.800 tomorrow might be in the past.
00:04:09.460 That's right.
00:04:10.060 Yeah.
00:04:10.860 So now how do you feel about him versus Jacob Zuma?
00:04:15.380 Jacob Zuma was fundamentally evil and malevolent.
00:04:20.460 He's like a populist, clown, dangerous.
00:04:25.040 And he's trying to come back into power.
00:04:27.120 And he'll be way, way, way more dangerous if he does.
00:04:31.160 Cyril Ramaphosa is now head of the ANC.
00:04:33.620 And he was a trade unionist.
00:04:35.940 He was one of the first South African black billionaires.
00:04:38.300 He has the McDonald's franchises in South Africa.
00:04:42.100 He understands the mining industry.
00:04:44.380 He's the kind of guy you would actually like having a meal with,
00:04:47.240 like talking to.
00:04:48.700 But he's like a pillow.
00:04:50.560 He takes the shape of the last person that sat on him.
00:04:54.580 He'll tell you what you want to hear.
00:04:57.240 Then he'll meet trade unionists,
00:04:59.020 tell them what you want to hear, and so on and so on.
00:05:01.120 Have you met him before?
00:05:02.240 I've met him, but I refused.
00:05:03.860 He's trying to meet me.
00:05:04.660 I refused to meet him.
00:05:05.800 Zuma or the existing president?
00:05:07.180 I've spoken to Zuma and I've met Ramaphosa.
00:05:10.380 They're both equally bad because what they've done over the last 14 years
00:05:15.540 is institute racism, anti-white, anti-coloured, anti-Indian racism,
00:05:21.980 socialism, and their government has been kleptocratic and ineptocratic.
00:05:28.080 So on one hand, stealing.
00:05:30.560 On the other hand, completely incompetent.
00:05:32.580 They have de-industrialized our country and we are growing at 1% economic growth
00:05:38.960 and our population growth is 2%.
00:05:41.900 What does that mean?
00:05:43.020 We get poorer every year.
00:05:44.520 The country is falling apart because of the ANC.
00:05:47.440 Yeah, I'm looking at some data here.
00:05:50.260 Since South Africa's GDP has stagnated, averaging 0.8% annually from 2012 to 2022.
00:05:56.220 Yeah, 2008, 2009, Jacob Zuma gets in.
00:05:59.700 Compared to 4.8% the previous decade, 94 to 04,
00:06:05.340 unemployment reached 33.5% in 2024,
00:06:09.200 with youth unemployment at 61%.
00:06:12.300 Highest in the world.
00:06:13.560 Highest in the world.
00:06:14.280 How?
00:06:15.280 By complete incompetence and malevolence, evil.
00:06:20.080 They're pushing anti-white racism and socialism by the day.
00:06:25.360 And let me give you the worst of it.
00:06:27.120 We have a policy called Black Economic Empowerment, BEE.
00:06:31.580 The reason Starlink isn't in South Africa yet
00:06:35.080 is because the South African government said to Elon Musk,
00:06:38.080 if you want to bring Starlink to South Africa,
00:06:39.620 you've got to give 30% of your business to a black person,
00:06:44.940 and we'll tell you who.
00:06:46.740 Who said this?
00:06:47.400 Jacob Zuma?
00:06:48.000 Our government says this.
00:06:48.980 It's a government policy.
00:06:50.860 So whatever business you're running,
00:06:52.580 I'm doing $100 million a year.
00:06:53.780 I built this thing myself.
00:06:55.100 I have to give it to a black person, 30% of it,
00:06:58.080 and they pick and choose who it is.
00:07:00.520 If you have any dealing with the government.
00:07:03.620 If you have any dealing with the South African government.
00:07:05.060 So if I have a government contract,
00:07:06.560 and I'm doing business with them,
00:07:08.620 30% of the ownership of the company
00:07:11.040 needs to go to a black person that they choose.
00:07:13.480 Or that you choose that's acceptable to them.
00:07:16.280 Or that you choose that is acceptable to them.
00:07:18.660 But in most cases, these people.
00:07:20.220 I say it to Rob.
00:07:20.320 Rob is a black person in South Africa, let's just say.
00:07:23.380 And you say, no, Rob is not good.
00:07:26.300 Then I say Humberto, and Humberto is a black person.
00:07:28.580 You say, yeah, we'll approve that one.
00:07:29.740 Yeah.
00:07:30.120 That's how it works.
00:07:30.700 And they don't have to put any money off.
00:07:32.580 You effectively have to fund it.
00:07:34.140 Is this a law?
00:07:36.820 It's a law.
00:07:37.680 If he searches it, he'll find it?
00:07:40.100 Type in BEE, or Broad-Based Black Economic Empowerment.
00:07:45.000 B-B-B-E-E.
00:07:46.880 Have a look.
00:07:47.320 South Africa.
00:07:48.320 And it's getting worse.
00:07:49.500 They're trying to institute a law of any private company
00:07:52.320 of 50 or more employees has to have BEE,
00:07:56.060 whether you work with the government or not.
00:07:57.340 So like a real estate agent.
00:07:58.580 This is currently on the table.
00:08:02.440 But I'll give you one worse law than this.
00:08:06.400 What's that?
00:08:07.020 You ready for these three words?
00:08:08.060 I do.
00:08:08.580 Tell me what this means to you.
00:08:10.440 And it's been signed in January.
00:08:13.880 Expropriation without compensation.
00:08:17.520 Unpacked.
00:08:17.840 Would you invest in this country that says we can expropriate
00:08:21.900 not just your land, not just your mines,
00:08:25.140 the watch of your arm and your house without compensation
00:08:28.260 if it's in the public interest?
00:08:31.360 What's the incentive for me?
00:08:33.900 Well, you'll never invest in South Africa with a law like that.
00:08:35.660 No, why would I do that?
00:08:36.600 You wouldn't.
00:08:37.580 Why would I invest anymore in South Africa?
00:08:39.480 I won't.
00:08:40.520 Foreign direct investment has dried up.
00:08:43.520 And our government, our moronic ANC government,
00:08:47.120 continues to institute.
00:08:49.360 Donald Trump is angry with South Africa.
00:08:51.680 I mean, it's amazing we've even made his priority list
00:08:53.780 because he calls South Africa DEI as a country.
00:08:59.160 It is racist and socialist and destructive
00:09:02.140 and everybody's suffering.
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