LETTER: President must get behind Mboweni
Finance minister’s economic recovery strategy would support the creation of jobs and wealth
Why is it that most people who win large amounts of lottery money lose it over a few years and often land up worse off than before? It is because although they have become wealthy overnight, they have no understanding of the environment or ecosystem necessary to maintain and grow that wealth.
It reminds me of the economic “policies” of certain factions of the ANC, Cosatu, the SACP and EFF. Their solution, fed by a toxic mix of “white monopoly capital” rhetoric, outdated and failed socialist ideology and corruption, is to take from the ever-shrinking pot of wealth and distribute it among themselves, tossing some scraps to the poor. This is what has led to the current scenario where our country is on the verge of bankruptcy and a further Moody’s downgrade is on the cards...