SA’s lopsided economy needs fixing swiftly
The enormous private wealth at the top of the tree by those who built their wealth under apartheid clearly provides scope for substantial tax increases, writes Ben Turok
SA is a country of so many contrasts that it is perfectly possible to create a convincing portrait of success and prosperity since the transition. Unfortunately it is equally possible to create a negative portrait of a country in trouble. This paper leans in the latter direction since it is necessary to try to explain the deep sense of despondency that seems to have overtaken so many of our people. This is not to dismiss some of the material improvements achieved in such as housing, water, electricity provision for the poor, which have been provided for the previously denied masses, but we do need to focus on understanding our present crisis of political turmoil, economic stagnation and social unrest. The 101 stalwarts grouping has focused on ensuring a cleansing of ANC leading structures to overcome the failings within the organisation which have become intolerable. This process must go beyond moral exhortations and should deal specifically with what has gone wrong and how it can b...
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