FUTURE OF SA WILL BE DETERMINED IN 5 YEARS

THE DESTRUCTION of the economy and the collapse of the state’s finances is the direct result of the fact that the ANC government embraced the doctrines of socialism and communism after 1994.

It completely rejected capitalism, which brought great technological and economic progress to the country, just as in the rest of the world. However, corruption has played a very important and destructive role in this process.

There is no chance that President Cyril Ramaphosa can reverse the economy with the ANC’s policy to distribute all the assets and wealth of the country among all the people in the country that will only be wasted and consumed, as well as his ignorance about how economic growth is created in the world.

The government will soon be calling on the assistance of the International Monetary Fund, which will only increase the debt burden of the country and which the country will never be able to repay. The government’s revenue will continue to decline unabated, because of the irreparable destruction of both the demand and supply side of the economy.

Economic growth driven and created by the profit motive is the only way to increase government revenue, foreign and local investment and more prosperity to effectively address the problems of poverty, unemployment and inequality. The misappropriation of funds and corruption can clearly not be eradicated, and apparently is not a priority at all for the Ramaphosa government at this stage.

No political solutions can be achieved without the achievement of clear economic goals. The next five years will be decisive and finally determine the future of South Africa, which at this stage declines very fast into an underdeveloped state, such as the rest of Africa, which will ultimately be ruled by a dictator through the massacres of all political opponents, unstoppable corruption and self-enrichment, much greater poverty and unprecedented famine.

Onafhanklike Landbou-Ekonoom/ Independent Agricultural Economist, Bothaville