ESKOM AND THE ECONOMY: WHY IS IT A CRISIS?
South Africa’s projected economic growth as per the World Bank is predicted to grow by below a percent. Amongst the major factors besides the governing party’s (the ANC) failed policies; there is also the failure of Eskom in providing electricity to Africa’s most sophisticated economy. One could argue that the load shedding is the sole major factor resulting in the low economic growth rate. It simple, industries, business and everything in between needs electricity to operate.
At least Jabu Mabuza had the balls to resign as of recently due to his “failure” to keep the lights running till the 13th of January as he was supposedly has been said to have promised the president, Cyril Ramaphosa. But what else needs to be highlighted here is that Mabuza acknowledges with integrity that he failed and resigns. Ideally this should be adopted by the ANC leadership, from president to any other of the positions the party’s individuals hold in government. None resign after major failures.
Nevertheless, we can see with the current presidency some urgency to fix this crisis or remedy this disease. The appointment of the new CEO André de Ruyter; all the changes are signs the presidency acknowledges that this crisis is of outmost importance (to resolve). We can blame the governing party in not taking the initiative to pay attention to the needed maintenance and upgrades of the facilities providing South Africa with electricity. But pointing fingers is an illusion that solves nothing.
South Africa is Africa’s only nuclear power and this situation should be one of fiction, the country is not facing any foes that is sanctioning it, its worst enemy is the people in power or the party in power. Empty promises accompanied with populist policies do not build nations, they destroy it. Or in South Africa’s case retard the growth it deserves.