What was Africa’s most developed country is now a sinking ship

2015-11-26
Adv Anton Alberts

Hardly a year ago, one would not have thought that things could get worse for South Africa under ANC rule, but in the past year there had been so many setbacks that even the most prominent ANC supporters are acknowledging the country is busy sinking under the ANC’s leadership, Adv. Anton Alberts, the FF Plus’ parliamentary spokesperson on finance, says.

Adv. Alberts said during today’s medium term budget debate that a year ago he had compared South Africa to a ship damaged on the rocks of corruption, maladministration, policy uncertainty, communist laws and more racially based legislation than under apartheid rule.

He said that ship is now fast taking in water and it is undeniable that the most developed country in Africa had within two decades decayed to such an extent that the country is experiencing a lot of ‘firsts’ in its history. Some of these critical ‘achievements’ include;

  • For the first time the country is facing a fiscal cliff;
  • For the first time the country is hovering on the brink of junk status;
  • For the first time in the history, corruption is viewed to be systemic;
  • For the first time, government is imposing sanctions against itself due to the policies and legislation that push investors away, for example the Protection and Promotion of Investments Act;
  • For the first time farmers and farm workers are murdered in such large numbers that food security is being threatened;
  • For the first time this country is not the largest economy in Africa;
  • For the first time a government neglected to build more power capacity for the country’s needs;
  • For the first time a government neglected to maintain our water systems and make contingency plans for severe drought;
  • For the first time in modern history our growth has fallen below 2% per annum;
  • For the first time the Rand is breaching new record low levels against other currencies;
  • For the first time the government is creating more jobs than the private sector;
  • For the first time it is safe to say that our fiscal planning has become a Ponzi scheme due to the shrinking of the economy and the expanding of government expenses.

Adv. Alberts says many of the ANC’s good stories can be added to this list, but it suffices to say that we are now reaping what was sowed.

“Government will quickly have to turn away from this self-destructing path. Should this not happen, unemployment will increase, income taxes will continue to contract and South Africa will move closer to the abyss. The ship is sinking deeper under the captaincy of the ANC,” Adv. Alberts said.

 

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