Economy is paying the price for ANC declaring war against South Africa
4 June 2019
It is shocking to see how quickly South Africa's economy is going downhill and yet it should come as no surprise seeing as the ANC has basically declared war against South Africa with its poor economic policy and its interference in the economy.
The economic growth rate of -3,2% for the first quarter of this year, which was released by Statistics South Africa (SSA) this morning, is shocking nonetheless.
The ANC's declaration of war against the country became evident with the stricter measures relating to Black Economic Empowerment (BEE) and Affirmative Action (AA). In addition to that, factors like state capture, a high crime rate and proposed expropriation without compensation created the perfect storm that caused severe damage to the country's economy.
This is the reason why foreign investors are staying away. The ANC has, thus, also declared war against traditional foreign trade partners like the European Union (EU) and America. South Africa is not getting the investments it needs because investors have lost all confidence in the ANC to manage the economy.