Download South Africa’s Future: From Crisis to Prosperity by Anthony Sanfield Ginsberg PDF

By Anthony Sanfield Ginsberg

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Sample text

Some 53% of the South African population as a consequence consume a little less than 10% of South Africa's total consumption. This compares to the top 10% of South Africa's households which enjoy a full 40% of the consumption. All South Africans should be aware of the stark reality facing the country. As true patriots the wealthy cannot afford to cocoon themselves from the ills that surround them — the poverty has spread throughout South Africa and will destroy our country if something is not done about it.

In short, the huge drain on resources caused by the need to prop up apartheid structures, such as artificial and uneconomical homelands and multiple levels of bureaucracy, along with the effects of sanctions and the resultant economic stagnation and negative growth rates over the past decade, have all conspired to place the vast majority of South Africans on the brink of economic disaster. A prosperous future for South Africa is woven into the cloth of rapid economic growth. One can only hope that those in a 30 South Africa's Future position of power understand that the vote alone does not assure the transformation to a happier South Africa.

2%, not even a blip on the radar screen. The only reason the figure was positive at all is due to the large number of government workers who were hired throughout that year. The trend is most disturbing, since almost one out of three working South Africans is now employed in the public sector, even though government has expressly stated its commitment to reducing the size of that sector. This compares with one in six UK workers and one out of seven in Germany and the US. Only France comes close to us in terms of public-sector employment, and given its economic difficulties there is no good reason why we should imitate France.

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