Localisation, local government, and load-shedding. They all begin with an “L” — and they all spell trouble for SA’s future.
No modern economy can thrive on unreliable power. It is surely an indictment of our electricity utility that the mining houses have announced they plan to spend R60bn on renewable energy — because they cannot rely on Eskom. Presidential posing in a new hybrid Toyota during a recent visit to riot-battered Durban won’t help much; making such hybrids, electric vehicles and those powered by fuel cells more affordable would be far more welcomed by those who seek action rather than grins.Protectionism, like Covid-19, is everywhere.
Patel and his disciples should be more aware of the consequences — everyone else is tempted by protectionism, which is as addictive as tik, and we cannot expect to send our goods to countries in the volumes we would wish to when we are severing the flow of imports. While there is a convincing historic case to be made for BEE, we have seen in the past the corruption it has fostered, and at some stage SA may need to wake up to the danger that the pendulum has swung too far.
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