If Julius Malema, the energetic leader of the Economic Freedom Fighters, ever starts singing your praises then run for the hills. It means your economy is about to collapse. Remember how Malema used to regale us with tales of the great and wonderful Hugo Chavez of Venezuela?Remember how we were told that the future of SA would be bright and wonderful and fulfilling if we followed the Venezuelan economic model?Fast forward to last weekend, when more than 100,000 Venezuelans crossed into neighbouring Colombia to hunt for foods and medicine that are in short supply at home.Associated Press reported that "it was the second weekend in a row that Venezuela’s socialist government opened the long-closed border with Colombia, and by 6am Sunday, a line of would-be shoppers snaked through the entire town of San Antonio del Táchira. Some had travelled in chartered buses from cities 10 hours away."As Malcolm Ferguson and Greg Mills wrote in 2014: "How, one might ask, is this even possible in a c...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.