On the Money
STUART THEOBALD: ANC collapse is perhaps what SA needs
I suppose it could always have been worse. Imagine that Nkosazana Dlamini Zuma had won at Nasrec. Her former husband would be in comfortable retirement and the state capture machine (and other opportunists riding on the coat tails) would be feeding voraciously from every nook and cranny of the public sector. The government balance sheet would be shot, with ratings far into junk territory. The global financial system would have largely cut us off, alarmed at the criminal frenzy going on with impunity.
The country would be well on the way to total collapse. Lenders would have abandoned us, frightened off by ballooning debt levels. Economic growth would be in free fall as companies refused to invest, collapsing employment and tax revenue. The brain drain would be a flood as skilled locals left for more stable pastures. Eventually, government cash would run out and police, teachers and nurses would be paid late, and then not at all. Public services would collapse, with public serv...
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