We begin the year 2022 in an unpleasant situation as a country. There is a great deal that needs to be attended to urgently, to reverse the trends that slow down our socioeconomic progress and disadvantage millions across our nine provinces.
The previous year 2021 was a challenging year on many fronts – joblessness continued to rise – by the end of the third quarter it had reached 47%, if you include those who have given up looking for work. Crime, which is one of my greatest concerns, remained at astronomical levels.
In one of my tweets just before the end of the year 2021, I echoed that South Africa’s socio economic problems can be resolved; if South Africans make the right decisions.
When I tweeted those words, I had been reminded of Lee Kuan Yew, the founder and former prime minister of Singapore, who once said, “A nation is great not by its size alone. It is will, the cohesion, the stamina, the discipline of its people and the quality of their leaders which ensure it an honorable place in history." Yew took Singapore from dire poverty in 1965, to one of the richest countries in the world today.
Reversing South Africa’s deteriorating macroeconomic trends would take bold decisions from our leaders and private citizens who elect our leaders.
What those bold decisions are is being debated. Those who believe in big government, think that more government is the solution. Those who believe in less government, and I am one of those people, believe that loosening government controls on the market will be instrumental in boosting South Africa’s economy.