ADVERTORIAL
We are living through turbulent times in South Africa where politics and economics have converged. We are witnessing an epic battle in our country between all that is good, moral and decent, and all that represents greed, corruption and economic destruction. It is not simply an internal battle within the ANC. The truth is that agreement on what constitutes sound economics is not what divides political parties, nor the citizens of South Africa. What is happening transcends the politics of any one party. It is a battle for the soul and the future of South Africa. Do we survive as a democracy or descend into an autocratic kleptocracy?
The costs of the battle are astronomical and mounting: economic recession, credit-rating downgrades, retrenchments, a volatile currency, the inability of SOEs and government to raise adequate funding and higher interest costs on the funding they do secure, inevitable raiding of the PIC coffers – all that takes money away from the poor, from pensioners, from all taxpayers. It diverts money away from infrastructure projects and education, condemning yet another generation of young South Africans to poverty.