Predicting how the future will play out is anyone’s guess. "Warning: Turbulence Ahead" (Features, January 17) provides numerous possibilities. But it is unlikely that 2019 will be much different, because the ANC is a slow learner. President Cyril Ramaphosa might be a politician of stature, but the Tammany Hall politics of the ANC will determine the direction the government takes, with predicable consequences. A land grab will be disastrous, so there is little reason for optimism. Of the economists quoted in the article, Peter Attard Montalto offers a fair (if pessimistic) assessment of ANC thinking. Little will change, and it would be naive to expect the bloated cabinet of mainly incompetents to be downsized. Eskom is heading for a debt trap, which raises questions around its viability (a threat to industry). Other state-owned enterprises offer little hope of recovery. The endemic corruption that seems to be so entrenched in the ANC’s psyche will not be rooted out any time soon. SA ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now