South Africa will not survive another ANC term
5 December 2023
Today, StatsSA confirmed that South Africa cannot endure another ANC term. Our rapidly deteriorating economic landscape is reflected in the 0.2% decrease in our gross domestic product (GDP) over the third quarter of 2023. A direct result of failed ANC policy.
In November, the Treasury estimated a growth rate of 0.8%, a target that, even though low and uninspiring, was evidently overly optimistic. This means that expected revenue, already revised downward in November, remains overstated and less money will be available for crucial expenditure on service delivery and social support.
Our economy will not grow at the projected 1.4% over the medium term, given the multitude of crises that beset every facet of the South African experience.
Crime and corruption, industrial scale mismanagement, an inefficient public procurement framework, the energy crisis, and deployed cadres have crippled our economy.