It’s time for SA’s own industrial, educational and economic revolution

The country’s economic junk status is a direct result of policy intransigence. Current government decisions appear to be based on a lack of consideration for the lessons of history. Economies are fragile; persistent adverse policy-making breaks down an economy, reduces productive investment and economic activity, and causes untold harm to citizens. It is time for a policy about-turn, one that places the interests of the people above the narrow interests of politicians at the helm of the government and their rent-seeking bedfellows. Policies to bring about dramatic positive changes would include: • Abandoning all race-based legislation and regulations that cause racial tensions, slow economic growth, and increase — not reduce — the plight of the poor. • Giving the country’s poor, on a means-tested basis, ownership shares in all state-owned enterprises inherited from the apartheid government as was done successfully in the Czech Republic. • Giving full and unrestricted ownership of th...