Of all the major emerging markets in the world, South Africa’s belief in Soviet-style, state-centred economics may be the most overwhelming, writes william_gumede.
The widespread embrace by former disadvantaged communities across the political spectrum of outdated economic policies frozen in Soviet-era redistribution strategies that have failed in post-war Africa and poor understanding of the basics of
business, state or private, pose huge risks to South Africa’s prosperity...You’ve always trusted us to help you navigate the world. Support the Sunday Times by becoming a premium member for only R80 and keep the conversation going. You can cancel anytime.
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