STATE CAPTURE INQUIRY
LUMKILE MONDI: Root of the rot in apartheid’s rent-seekers
On the ANC’s watch, the state-owned enterprises of the apartheid regime have been preserved
Last week I was privileged to host Prof Sary Levy-Carciente from the Venezuelan Academy of Economic Sciences. The visit would not have come at a better time for her, given the challenges her country is facing, including hyperinflation, shortages of key essentials, a brain drain and the exodus of Venezuelans into Brazil, Ecuador and Colombia. Levy-Carciente shared with me how the Chavez plan has been fast evaporating under President Nicolás Maduro’s Venezuela and the hardship it has brought along. Having heard about SA’s proposed land expropriation without compensation she was impressed by how South Africans were openly sharing their views on the matter. Our discussion then changed to a different gear, away from Venezuela to SA’s economic problems. I shared with her how the 1996 promise of our constitution has evaporated under the ANC, with the Zuma government being the worst economic performer in the 24 years of ANC government.Having inherited a budget surplus, debt to GDP ratio of ...
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