A big, collective focus on ethics is needed to pull SA through
Improving competence will also help, but studies show that good governance is far more important to restoring institutional trust
The year did not start well for SA. There was load-shedding during the school holidays, despite President Ramaphosa’s promise. Moody’s ratings agency downgraded the Landbank to sub-investment credit grade or junk status. The IMF cut SA’s economic growth prospects from 1.1% to 0.8% for the year. And all of this in just the first few days of the new decade.
Not promising for the rest of 2020, and surely cause for deep concern. It is no surprise that many see the most recent stream of bad news as a continuation of a decade of decline. Over the past 10 years, which many have come to think of as the state capture era, SA has regressed on a number of important international comparative indices and rankings...
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