SA’s risk premium has increased exponentially over the last few years. The government’s preference for control was most recently concretised in the signing into law of the Employment Equity Amendment Bill, indicating a preference for even more state power over the economy and society.
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His sentiments were echoed by Centre for Risk Analysis policy analyst Chris Hattingh, who said that while a total grid collapse was improbable, it was not impossible. He said the effects of load shedding had already been devastating.
The state has fumbled South Africa’s crises, Hattingh said, citing its decision to roll back a national state of disaster declared in response to the electricity crisis “with nothing to show for it,” as well as plans to temporarily exempt Eskom from disclosing irregular, fruitless and wasteful expenditure.
Eskom and Transnet exemptions have more to do with influence and cadre deployment than solving a crisis.
Uganda’s anti-LGBTQ Bill condemned.
Couched in the language of revolution, the EFF must rely on events such as ‘national shutdowns’ to both test the general national mood of political change, and to try and figure out where its own support levels lie.
Forced dependence upon meagre handouts cannot be seen as anything but a tragedy.
Is a national shipping company good or bad news for the South African economy and trade in general? CHRIS HATTINGH has his doubts about whether it can be a positive development…