Published on Linkedin on December 18, 2017
SOUTH AFRIC A IGNORES ICEBURG WARNING AND MUST LIKELY CALL THE IMF FOR
HELP
Nelson Mandela’s once popular new democratic nation, South Africa, has been
brought to its knees within twenty-three years of obtaining political freedom.
Through crime, kleptocracy, corruption and incompetence the African National
Congress, the organization that liberated South Africa from Apartheid, has proven
incapable of running the country. As with most of the de-colonized African countries,
South Africa has been incapable of warding off tribalism, kleptocracy and big man
syndrome in favour of democracy. The Communist inspired development
economics, which focused on State Owned Enterprises, has sunk the country and
will have to be re-evaluated and reconsidered.
Elections in 2019 will be akin to shifting the chairs around on the Titanic.
Danny Bradlow SARCHI Professor of International Development Law and African
Economic Relations, University of Pretoria and best-selling author, political scientist 96
and historian RW Johnson, offer South Africans some advice on the old African
tradition of going to the IMF with the begging bowl.