Ours is a suicidal economy
W e have seen time and again that it’s not often that the country’s fiscal is depleted but rather our spending or choice of spending is skewed. Again, it makes you wonder if government ever learns from its previous mistakes. We cannot keep repeating the s
The country is besieged by nagging crises everywhere at the moment, with government maintaining its tough stance that it does not have money.
It’s clearly not a good sign for government and the country in general. Things seem to boil out of control everyday with the current financial crisis.
You shudder to think how things will pan out as the crisis looks to degenerate into chaos.
Already chaos has been unfolding with the situation regarding our institutions of higher learning being ground to a halt by persistent strikes.
It seems a contagious thing as these strikes have taken the country by storm at the moment.
Already these come on the backdrop of a simmering discontent among civil servants.
This comes as a result of unproductive salary negotiations between the unions and government. I say unproductive because all pointers are that the talks are headed for nothing but a DEADLOCK. With the pace and manner things have been going it seems its only a matter of time before a deadlock is declared.
As soon as that happens you know what will be coming as already demonstrated by the teachers who decided to accompany their leaders to the talks.
I’m not a prophet of doom nor do I aspire to be one, but it’s a no- brainer what will become of the current situation at the rate things are going.
I can almost foresee a long drawn out battle between government and the unions, which unfortunately won’t end in a good way.
It makes you wonder then what government is doing to avert the looming crisis.
The issue of the education crisis is a serious one, yet to me that looks avoidable.
But no, instead it has caused nearly all the institutions to temporarily shut down amid the persevering financial crisis regarding students’ personal and book allowances.
It has even looked fashionable as students from nearly all the institutions of higher learning took to the streets in protest over their delayed allowances.
The situation is nauseating to say the least. But again, you ask yourself, how the students are expected to learn on empty stomachs.
Likewise, it’s not like the teachers, nurses and civil servants prefer to be on the streets than doing the jobs they were hired for. But how are they expected to perform on empty stomachs. It’s a fact that the cost of living is soaring high everyday. For instance, just the other day government announced a fuel price hike of 30 cents.
This is not to mention the price of essentials in shops which sky-rockets with each passing day. Thus, it is not asking too much of a reasonable employer to offer at least a cost of living adjustment. That is what the civil servants are demanding from government. With the current situation, hardly a day passes without a strike or public protest regarding government’s well-documented financial situation.
And in all of this chaos, it makes you wonder if government really doesn’t have the money or it’s a case of having our priorities twisted.
We have seen time and again that it’s not often that the country’s fiscal is depleted but rather our spending or choice of spending is skewed.
Again, it makes you wonder if government ever learns from its previous mistakes.
We cannot keep repeating the same mistakes with the same consequences over and over again. Otherwise, it only proves how daft or stubborn we are.
As things threaten to spiral out of control, government has remained resilient in one voice, saying it doesn’t have the money to give to the workers. We should not lose sight of the fact that when government does not have money it affects generally everyone in the country.
It basically means the ‘tenderpreneurs’ will not get paid for their supplies and with the African tax situation that spells doom for not just one family but families.
In short, it spells disaster for many mouths that depend on one tenderpreneur for their livelihood.
Not only that, a government without money means the suppliers will not get paid. If they are not paid it also means they won’t pay their own suppliers and to an extent even their own employees.
The chain goes on and on. In a good analysis, this can only mean a tragedy for the economy for the simple reason that it is dependent on government. Ask the economists, they would tell you that’s a very dangerous thing to do for any country. Especially if the government is also dependent on the Southern African Customs Union (SACU) receipts, which get depleted from time to time. If government coughs everyone catches the cold. Just like it is the case at the moment. I have heard of situations whereby some companies are retrenching or have retrenched. And they are not the last.
Not only that, but if government is broke it also means people can’t have money to afford for luxuries. Once that happens you tend to spend on only the basics.
Without the extra money to spend it virtually means no job for all the people dependent on your extra income, including salon businesses, vendors and many others.
As soon as that happens it opens up chances for people to think of other means of raising money. Hence issues of crime and to an extent prostitution rise up. That’s the sad reality of the situation, unfortunately.