Politically, SA has been heading down a path towards state-led socialism. This is why we have retained ownership of the large and largely bankrupt state-owned enterprises (SOEs), such as SAA, Eskom and Denel. The assumption is, from a socialist point of view, that the state should be the arbiter of socioeconomic progress.

It is also why we have an ever-expanding social support programme, in the form of social grants, housing provision, free primary education, heavily subsidised tertiary education and perhaps soon, national health insurance (NHI)...

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