Tue. Oct 22nd, 2019

What lies ahead for South Africa – catastrophe or success?

South Africa is at a crossroads.

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The lost decade of the Zuma years is behind us, but it remains to be seen whether the country continues to stagnate or embarks on a path that will bring prosperity for all.

And what path is South Africa likely to embark on? Is there a future for your friends and family who still live there and is it still a country one could return to one day?

What next for South Africa?

David Ansara of the Institute of Race Relations (IRR) is in London to discuss pressing issues around South African politics and the economy with analysts, businesspeople, and South Africa-watchers.

He’ll also be addressing a public meeting in London on 25 June at Pestana Chelsea Bridge where he will provide the IRR’s insights into what South Africans and those with an interest in the country can expect in the coming decade. He’ll be joined by Advocate Mark Oppenheimer who will discuss expropriation without compensation (EWC) and how it can be stopped.

But the facts are clear, South Africa is in trouble. IRR analysis shows that, despite the country’s extraordinary potential, the South African economy will grow at a fraction of the average rate for emerging markets and in real terms, people are becoming poorer.

National debt levels have more than doubled and the government is rapidly running out of money. The situation is so dire that the government may come for the pensions of ordinary South Africans to fund its expenditure.

In addition, more than half of young people do not have a job, while only three out of every 100 children will pass maths in matric with a grade of 60% or higher. Crime and violence continue to take a terrible toll with almost half a million people murdered in South Africa since 1994 at a rate per capita almost thirty times greater than that of Australia.

Ansara says a sluggish economy and tough social circumstances are driving up levels of political instability.

“Confidence in the future of our country has fallen by more than half, while the number of violent protests has increased by at least 300% in a decade.

“Following the last election, support for the governing African National Congress (ANC) is at a record low, while the official opposition is wracked with infighting and confusion. Despite ‘new dawn’ promises, many of the ideologues and perpetrators of state capture remain in government while President Ramaphosa has made the destructive and divisive policy of expropriation without compensation the centrepiece of his policy framework.”

Yet, for all the dangers, the IRR believes that South Africa can be turned around. Tough choices must be made, and they must be made soon, but all is not yet lost.

Attend the discussion

Come listen to David and Mark explain what is happening in South Africa, and what is needed to turn the country around.

RSVP by clicking this link.

For more information on the IRR go to www.irr.org.za or visit the IRR’s online newspaper, www.dailyfriend.co.za

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David Ansara

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