BOKAMOSO
DA’s quick fix policies will turn the economy around
The rand’s recent downgrade to junk status by S&P, brought on by rampant looting of the state, will hurt the poorest most. It is a clarion call to action. We South Africans need to make some smart changes to reverse our spiralling poverty and debt trap. We must enable an open, high growth, high jobs economy.
South Africa is a country of two nations. Around 45% of us enjoy the freedom to live lives of worth and dignity, while the other 55% are trapped below the poverty line, literally locked out of the economy. This divide is structural, meaning that it is sustained and reinforced by an embedded unequal access to opportunities. We remain a deeply unfair society.
During Apartheid, the unequal access was entrenched and maintained by race-based legislation that denied black people access to ownership and job opportunities. Since 1994, that unequal access has largely been perpetuated by a combination of poor governance and ill-considered legislation that seeks to enrich and empower a connected elite at the expense of the many.
If we are to end this insider-outsider dichotomy and become one prosperous nation, we need to tackle the governance and legislative issues that are sustaining the great divide of insiders and outsiders.