Rather than creating wealth, South Africa has been stuck for the past decade in redistributing existing wealth.
Media
With the government budget deficit expected to pass 40% this year, the African National Congress’s (ANC) options to source the coal needed to fuel its gravy train are dwindling. There should be little doubt that the new expropriation law is intended to make up for this insufficiency.
While known cases have risen in Europe and North America, there has not been a corresponding increase in deaths. Why not? The CRA team and guest speaker, Ian McGorian, big data analyst and member of Pandemics Data & Analysis (PANDA), discuss the validity of the “second wave” thesis.
South Africa has run out of money and the only way to resolve this problem is to cut back on state spending, which is politically very difficult to do.
Over 2 million jobs have been lost due to the economic Lockdown imposed by the ANC government. South Africa's structural unemployment problem is steadily worsening.
Operations and jobs will remain at risk if state-owned South African Airways (SAA) is not privatised.
There is a risk that South Africa’s life expectancy which is the average period that a person may expect to live, may fall from the current levels which are comparable to those of emerging markets.
The past decade has seen a rapid decline in the number of dollar millionaires living in South Africa.