Expert claims that South Africa faces economic and political collapse by 2030

[Bradley Prior]

Expert claims that South Africa faces economic and political collapse by 2030

South Africa faces a precipitous economic and political collapse by 2030 unless it changes its economic model and implements growth-friendly policies, according to Eunomix Business & Economics Ltd. [Bloomberg]

 

[Binary Bark]

Hahaha, The criminals running this country will never change their destructive policies, long as they can loot and steal they do not give a shyte

 

[Solitude]

Will we still be able to buy shampoo?

 

[B-1]

It takes a while for education and job creation measures to take effect and we still haven't managed to make that a priority. Still got a lot more declining to go through.

 

[Lupus]

It takes a while for education and job creation measures to take effect and we still haven't managed to make that a priority. Still got a lot more declining to go through.

Yet education is one of the most expensive departments, we pour tons of money into it and all that happens is the ministers drive nicer cars

 

[Binary Bark]

Yet education is one of the most expensive departments, we pour tons of money into it and all that happens is the ministers drive nicer cars

All that money for all those schools that does not exist

 

[Lupus]

All that money for all those schools that does not exist

Yup, some places have had a 100% growth in 26 years, last school built in 1994. They've cleared land for it, but that's about it.

 

[B-1]

Yet education is one of the most expensive departments, we pour tons of money into it and all that happens is the ministers drive nicer cars

Its crazy how much of it just gets siphoned off with no fear of any repercussions.

 

[pinball wizard]

Not much of an expert if he reckons we still have 10 years.

 

[Hemi300c]

It takes a while for education and job creation measures to take effect and we still haven't managed to make that a priority. Still got a lot more declining to go through.

Zimbabwe had an excellent education system and look where that got them.

It's ALL about ethics and iif your ethics are no good nothing will be good.

 

[B-1]

Zimbabwe had an excellent education system and look where that got them.

It's ALL about ethics and iif your ethics are no good nothing will be good.

Its not the only important thing I agree but the days where cheap uneducated labour is useful are long gone. That means in order to grow the economy we need to have a much larger percentage of skilled workers because we can't carry the social burden of unemployable people we currently have never mind in 10 years time.

 

[Thugscub]

Looks totally fekked to me, why wait another year or ten.

 

[Paul_S]

Zimbabwe had an excellent education system and look where that got them.

It's ALL about ethics and iif your ethics are no good nothing will be good.

I have to agree with that. We have politicians and municipal officials with doctors degrees but that doesn't stop them stealing all the money which is supposed to build the infrastructure needed to grow and maintain our economy. Clearly education has nothing to do with the demise of our society and country.

 

[Pegasus]

Expert claims that South Africa faces economic and political collapse by 2030

South Africa faces a precipitous economic and political collapse by 2030 unless it changes its economic model and implements growth-friendly policies, according to Eunomix Business & Economics Ltd. [Bloomberg]

Worse than the collapse of 1652?

 

[Sl8er]

“Government, business, labor and communities are currently working on an economic recovery plan,” he said. “As South Africa we are clear about our plan to reboot the economy and the need to involve all South Africans.”

IE.
Full steam ahead! ...and fck the icebergs -Captain E.J Smith

 

[diesel]

2030? , i think the expert is incorrect. the rate things are going we wont make it past the next election.

 

[VooDooC]

When the inevitable coll.apse does happen, ANC will just blame everyone else from Apartheid through to WMC. They will never take responsibility for this.

 

[Mystic Twilight]

I have to agree with that. We have politicians and municipal officials with doctors degrees but that doesn't stop them stealing all the money which is supposed to build the infrastructure needed to grow and maintain our economy. Clearly education has nothing to do with the demise of our society and country.

Not quite, education empowers people to make informed decisions especially with regards to voting. It obviously is moot in any other political system like authoritarian governance. Lack of education results in populism being more readily accepted, sacrificing long term gains for short term benefits. While ethics and education are not directly derived from each other, more educated people would be in a better position to counter corruption/patronage as that system is basically a pyramid scheme and there isn't enough corruption to go around to benefit everyone. One issue with educated people though is the option to run away from the problem through immigrate (brain drain).

 

[Paul_S]

Not quite, education empowers people to make informed decisions especially with regards to voting. It obviously is moot in any other political system like authoritarian governance. Lack of education results in populism being more readily accepted, sacrificing long term gains for short term benefits. While ethics and education are not directly derived from each other, more educated people would be in a better position to counter corruption/patronage as that system is basically a pyramid scheme and there isn't enough corruption to go around to benefit everyone. One issue with educated people though is the option to run away from the problem through immigrate (brain drain).

I know of plenty of educated black people who still vote ANC even though they disagree with what the ANC is doing. Maybe intelligence has a part to play as well? It boggles my mind.

 

[Vorastra]

Worse than the collapse of 1652?

South Africa could've been like Wakanda by now.