Another economist says SA is on the brink

Hanno Labuschagne

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Another economist says SA is on the brink

Eunomix CEO and chief economist Claude de Baissac said South Africa is collapsing and that the lack of economic growth means the country is facing a debt crunch.

Speaking to Classic Business, De Baissac said people are opting out of the South African economy because it is structurally hollow and on the verge of collapse.
 

kolaval

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There's athread already.
Anycase, they're just looking for business

1669554994747.png
 
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grok

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Don't stress ita just the 90% making the10% rest of us look bad..
 

Quicks

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It has happened because it has been allowed to happen. Many people have enabled the ANC to destroy just as the ANC have enabled many within their ranks to do the same. What we have is a pyramid of enablers and one has to look at the top, high above the ANC, and ask the uncomfortable question: who is doing this and why?

Simply saying, well it's the voter base' fault, I think is also a bit of a cop out. I say this because it blankets over one problem: the consistency of economic destruction from within almost all ranks of ANC leadership from the top right down to the municipality managers and also the fact that the majority voter base agree with and also enable this policy of destruction. There is this consistent, combined effort to steal, break and destroy.

All of this starts raising questions. What is actually the purpose of the ANC? What is the ACTUAL mandate of this collective group of people because they all seem to be following the same instruction manual.

While the ANC may seem quite lost and directionless, I don't think that this is the case at all. A group that has no direction is always at odds with itself and it's actions. This collective seems to be quite in sync with their policies of economic chaos.

So it comes back to the question of, who is really leading this party, who is really deciding the direction that they are going in? What is the end game of dragging a country into the ground?

I suspect that it is in fact not the ANC pulling the strings at all but it is a deeply entrenched philosophy that they are adhering too, one they have adopted, somewhere between communism and socialism.

My point is, the ANC are not leading, they are following. They have adopted someone else's ideas and someone else's policies because they have no ideas of their own. Africa has produced nothing and invented nothing, ever. Everything this continent has is adopted and inherited and retrofitted together with tribalism and superstition in an attempt to create the perfect ingredient of modern vs old. It's not working. It has never worked.

So where do we go from here? I honestly don't know. But I do know that this course we are on is going to lead to destruction and so any other course is the better alternative right now. The ANC needs to change the way they govern and more importantly, the way they think.

You have a better chance getting hit by lightning.
 

Forum Reader

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The only graph that matters to me. From two months ago so it's a lot worse by now:

hours-of-loadshedding.png


Debt level is not really a good indicator of success. Since incurring debt can be useful as a way to invest.
 
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