The saddening decline of South Africa
11 March 2021
It is heart-breaking. It really is heart-breaking to see South Africa, a country that once had huge potential, continuously in decline. Now you may think that I’m just being alarmist – or that I hate my country. No, I am not being alarmist, and do not hate my country of birth. The statistics, show that Nelson Mandela’s Rainbow Nation is declining.
Max Holloway, the American mixed martial artist, once said “Numbers don’t lie. Women lie, men lie, but numbers don’t lie.” Last year’s gross domestic product (GDP) figures released this week by Stats SA, and the recent unemployment figures released last month, by the same government agency, did not lie.
South Africa’s economy contracted by 7% in 2020 – it is the biggest deep in 100 years. Furthermore, on the bad news; when one adjusts for inflation, South Africa’s GDP per capita reached its zenith in 2014 – and has since then been on the decline. The economy has not grown by more than 2% since 2013. Now that is again, bad news. It’s a reminder that we were already on the decline before the COVID19 pandemic. People forget this – and we must remind them. The governing elite that shapes our public policy, must not invoke COVID19 as an excuse.
With the population growth exceeding economic growth, South Africans will become poorer in the upcoming years.