Two of the biggest threats to growth are the basic income grant and National Health Insurance; neither will reform or alleviate the myriad government-imposed barriers in either the world of work, or in health care. More interventionism and bureaucracy cannot repair the damage that interventionism and bureaucracy have already wrought.
Localisation stands as a big threat to citizens’ access to cheaper goods — this will be felt especially harshly by poorer people. Further, the ruling party appears committed to undermining property rights through expropriation without compensation. Never mind killing the golden goose — if SA goes down this road, very few if any of that endangered species will be spotted here in the future.
Rising fuel prices — caused partly by international oil concerns, but mostly due to the many taxes and levies collected as part of the price — and mounting inflation will press down on the middle class throughout this year. There is nothing radical or"developmental" — in the positive sense — about greater state control over the economy and society, because low growth and unemployment necessarily follow.The FM welcomes concise letters from readers. They can be sent to
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