The misfortunes experienced by Brian Molefe, the CEO of South Africa's power utility Eskom, shows that the battle for the country's public purse is not a one way bet.
The framing of the prevailing political protests in South Africa shows too much focus on the role of individuals. This is dangerous in hearkening back to the flawed Great Man Theory.
A captured South African Treasury is bad news for the country's poor but the view that the capture is a natural enemy of the market economy is a myth.
Are those ANC members critical of Zuma willing to stand up and be counted? Will Pravin Gordhan, popular hero of the hour, provide one further great service to the nation?
All eyes are on the next move from President Jacob Zuma after he survived a bid from senior ANC colleagues to remove him. The fallout is expected to be focused on the economic cluster of government.
South Africa has reached a critical point. If patronage politicians win the battle within the ruling ANC and complete the capture of the state, the country will slip from stagnation into the abyss.
Lobbying political actors to achieve particular outcomes is an acceptable practice in a democracy. But state capture, as is allegedly happening in South Africa, denotes holding the state to ransom.
South Africa's governing ANC has to respond to public outcry about state capture or run the risk of electoral losses.
A gripping soap opera is unfolding in South Africa. The two protagonists are Finance Minister Pravin Gordhan and the President Jacob Zuma. The jury's out on when the curtain will fall.