SA becomes country of ‘junkies’

One of the key responsibilities of the government is to create an enabling environment for our economy to thrive. It does that by maintaining political stability, passing laws that will attract potential investors, economic and political policies that are sound and, most importantly, sound management that is accountable to its people. Plus well-thought-out decisions that will lead to economic growth and corrupt-free leadership.

The events of the past few days have plunged our country’s economy into a deep crisis that resulted in us being downgraded to junk status.

This at a time when our unemployment rate is high and about 17 million people depend on social grants for daily survival; while millions of workers are highly indebted to creditors; while there is a backlog in service delivery and upgrading of old infrastructure; and while tertiary education is still highly priced and not accessible to the poor.

The decision of our president has shattered the dreams of many in so many ways.

It was a reckless decision since it has plunged our once promising country into a quagmire, with little hope for tomorrow.

International investors will be reviewing their stance about investing in our country and that will result in job losses.

As a developing country, our economy relies mostly on international investors and, thanks to our president’s decision, we have scared them away.

How are we going to service fiscal deficit now that we are a country of “junkies”? Moses Zola Manake Roodekrans

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