- Mar 25, 2001
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https://www.bloomberg.com/news/arti...cline-worst-of-nations-not-at-war-model-shows
South Africa’s performance on a range of social, economic and governance measures deteriorated more in the past 12 years than any other nation not at war, according to Eunomix Business & Economics Ltd.
The decline is likely to continue as the country wrestles with the consequences of nine years of worsening corruption and policy paralysis under former President Jacob Zuma, the Johannesburg-based political-risk advisory company said.
..
Orthodox economics adopted during the rule of former President Thabo Mbeki, who was in power from 1999 until 2008, have been abandoned in favor of more populist policies. They include a drive to adopt land expropriation without compensation, free tertiary education and more stringent black economic empowerment requirements for mining companies.
Shocking. They are hellbent on turning into Zimbabwe. Land expropriation without compensation, seems like a great place for investment. Sold as fairness and social justice but results in a race to the bottom. Hopefully sanity can take hold and the both the economy and the racial politics can stabilize.
South Africa’s performance on a range of social, economic and governance measures deteriorated more in the past 12 years than any other nation not at war, according to Eunomix Business & Economics Ltd.
The decline is likely to continue as the country wrestles with the consequences of nine years of worsening corruption and policy paralysis under former President Jacob Zuma, the Johannesburg-based political-risk advisory company said.
..
Orthodox economics adopted during the rule of former President Thabo Mbeki, who was in power from 1999 until 2008, have been abandoned in favor of more populist policies. They include a drive to adopt land expropriation without compensation, free tertiary education and more stringent black economic empowerment requirements for mining companies.
Shocking. They are hellbent on turning into Zimbabwe. Land expropriation without compensation, seems like a great place for investment. Sold as fairness and social justice but results in a race to the bottom. Hopefully sanity can take hold and the both the economy and the racial politics can stabilize.