South Africa Political and Economic Development Frans Cronje, CEO of the South African Institute for Race Relations Centre for Risk Analysis gives an overview of the various scenarios that may play out in the South African political and economic arena over the next 10 years.
Among the topics he addressed were infrastructure issues, the increase in protests and riots, declining gross domestic product (GDP), and corruption between businesses and government entities.
The program began his presentation with a video clip from the South African parliament criticizing the Zuma government.
“South Africa is sliding downhill while much of the rest of the continent is clawing its way up,” so wrote The Economist in 2013.
For over two decades, South Africa has basked in the glow of a peaceful transition from apartheid to majority rule, but the country’s endemic corruption, high crime rate, and failing public services can no longer be ignored.
Some even wonder if the misrule by the African National Congress could turn South Africa into a Zimbabwe-like failed state. Frans Cronje and Vukasin Petrovic will discuss the likely future of political and economic developments in South Africa.
Frans Cronje predicted in May last year, something called a “Rocky Road Economic Scenario” and it’s exactly what is happening in South Africa right now. From the current political unrest, to the almost junk status we’ve been given.
Every South African needs to sit down & watch this.