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Besoek ons
gerus:
problem areas in the economy, chief among them energy and
education.
Can we trust that our ruling class has their hands on the pulse?
To safeguard us from the worst, the Economic Development
Minister, Mr Ebrahim Patel, in an interview with a weekly news-
paper said that every government department would create new
jobs by hiring staff to work on infrastructure maintenance projects.
You can take your jaw off the floor now...
Yes, that is just one (or I hope that’s the case) plan from a ministry
dreamt up to help navigate our way through this near ten year global
slump. It doesn’t fill me with any confidence, and rather concerns
me that these are plans based on the US economic recovery of more
than 60 years ago – a world far removed from the digital economy
we now live in.
In the same story, there’s a more sober admission from the ruling
party’s head of economic affairs that government had no plan to
arrest the rising job losses, no war room to stem the bloodletting.
The economics of South Africa is where the focus should be,
unfortunately there’s seemingly very little appetite to look at our
weaknesses.
For some in the ruling party, what is of a more pressing concern
is what camp they’ll be in after the next Sunday paper exposes.
Our opposition parties on the other hand are more thrilled by
the continued embarrassing revelations around the president’s
Nkandla upgrades.
This is fast becoming hot air, guilt has been long established by
the court of public opinion and I have no doubt it will come back to
haunt both the party and the ultimate beneficiary. Our focus should
remain on our economic health, and unfortunately the politicians’
sway is important to its medium- and long-term health.
When it began in earnest in 2010, a French-based analyst said
that the European debt woes will play out for a number of years
because politics is central to its ultimate solution.
Some five years later, Europe isn’t out the woods. Greece is a thorn
in its side, but there are other problems lurking just beneath the
surface. There’s not much to indicate that South African politicians
will do a better job of the jobs crisis, is there?
South African politicians haven’t even begun to truly grapple with
our short-comings. Any action towards this and it could be as
simple as a meeting between government, different political parties
and all of the main players in private sector to discuss South Africa
Inc. to induce some much needed confidence.
Instead it’s a re-election focus that we have and on the other side
of the fence, opposition looking to easy political point scoring.
The term “Pay back the money” should be changed to “Show us
your worth” – a message to all political formulations.
Politicians are now going to have to zoom in on the structural
impediments to higher growth in South Africa, which would
alleviate the growing unemployment crisis.