Rainbow Utopia Staggers Toward Ruin
Prior to black rule, South Africa featured prominently in the US news. The media wanted us to know how awful things were in this wealthy First World country. Nowadays, you don’t hear much about the Rainbow Utopia. Refer to South African news outlets to learn why.
Via Daily Investor:
Experts have warned that South Africa is heading for disaster with collapsing water, electricity, and road infrastructure, and financial mismanagement at municipalities.
According to Auditor-General Tsakani Maluleke:
“Residents and businesses continue to experience unreliable service delivery, environmental hazards and deteriorating infrastructure.”
Most municipalities in South Africa do not have enough money to cover their liabilities. Consequently, service providers are often paid late if at all, resulting in service disruptions that in turn result in protests.
According to Professor Betty Mubangizi of the University of KwaZulu-Natal:
“Structural problems, such as corruption, institutional dysfunction and governance breakdowns, drive many protests attributed to service delivery failures.”
Services that cannot be relied on prominently include water and electricity. But at least there is an ample supply of equity and racial justice.
This affects the entire economy:
The Emfuleni Local Municipality is a good example. Infrastructure problems in the city have left a major industrial business park without electricity for 23 days.
On a nationwide basis,
South Africa is facing severe financial challenges, including a rapidly growing public-sector wage bill, 27 million people on social grants, and high debt-servicing costs.
Ramaphosa cannot expropriate his way out of this.
Is anyone honestly surprised how this is turning out?
On a tip from abcanc.
The post Rainbow Utopia Staggers Toward Ruin appeared first on Moonbattery.
Source: https://moonbattery.com/rainbow-utopia-staggers-toward-ruin/
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