Strike or not, Transnet matters: The crisis at the state logistics company began costing the economy long before the industrial action
Today, we feel the effects of the latter entity’s capture acutely, making Transnet feel like a distant problem that may or may not come right. But this week something shifted.
No matter which way you cut it, South Africa’s economy simply cannot afford to lose more than it already has. But, on the other hand, neither can workers, who — knowing the cost — have chosen to strike as an absolute last resort. But, in truth, Transnet started costing the economy long before the strike forced us all to pay attention.
Although rehashing the state capture saga now seems like an easy out, especially for the government and the embattled chief executives of our state-owned entities, it is true that we are still counting its cost. Not only was state capture the cause of operation-killing maintenance backlogs and cultures of impunity, seemingly at all levels of the public sector, it is also at the centre of our distrust in the state’s ability to keep the bottom from falling out.
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