South Africa used to seen as a last hope by many investors in the SADC region.
This might be due to it’s historical background, some of the names that made this country to be respected, are the names of Nelson Mandela, Oliver Tambo, Walter Sisulu, Desmond Tutu, Andrew Mlangeni and other political stalwarts. Who have fought wholeheartedly for this country to be free today. Now the question remains, “is South Africa still a hope for investment?”.
Following the looting of shopping malls this week and in the past. It does not need a political or economic analyst to see that the South African economy is in trouble. From the experience that we have, with our neighbor country, when we saw Zimbabwean people aided by their government to loot farms and supermarkets in the early 2000s. Thousands of white farmers were forced out of their land, often violently between 2000 and 2001.One can tell, that most supermarkets will close their stores permanently in South Africa.
Rumors have been looming that Shoprite is preparing to close its two stores in Soweto. Will the people of Soweto be able to convince this big supermarket to not close?, my feeling is that, the management will reject this request. Isaac Newton on his third law said “When body A exert a force on body B, body B also exert a force on body A but in an opposite direction”. Now my party in short is that; it’s our responsibility as citizens to look after the infrastructure, these can either be private or government owned. Private sector also play a role in curbing unemployment in the country, thus it it important for us as citizens to meet them half way. By protecting infrastructure, by so doing we are protecting the jobs of our sisters and cousins.
Welcome to our new South Africa, i hope God will hear our prayers soon!
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