Moeletsi Mbeki’s insights on South Africa’s current state are quite thought-provoking. He emphasizes that the issues between the United States and South Africa are diplomatic, not rooted in hatred between the people. It’s essential to recognize the historical sympathy and support from the American population for black South Africans during apartheid.
Mbeki also highlights the importance of economic cooperation, noting that over 600 US companies operate in South Africa. He advises against escalating tensions to a trade war and instead recommends persuasion and cooperation.
Regarding South Africa’s internal politics, Mbeki believes the 2024 elections marked the end of the ANC’s nationalism party. He argues that the ANC no longer represents the interests of black people, leading to the decline of their majority rule.
Mbeki’s criticism of the ANC’s policies, particularly their handling of the economy and property rights, is striking. He cites the example of Daewoo’s failed shipbuilding project in South Africa, which he attributes to the ANC’s lack of support for property rights.
To address South Africa’s challenges, Mbeki suggests:
– Reducing civil servant salaries: From 16% to 6% of GDP, aligning with countries at similar development levels.
– Investing in infrastructure and education: Utilizing the saved 10% of GDP to build universities, institutions, and rail infrastructure.
– Focusing on human capital: Recognizing South Africa’s low ranking in the World Bank’s Human Capital Index (132nd) and seeking international expertise to improve skills and education.
Overall, Mbeki’s analysis underscores the need for South Africa to reassess its policies, prioritize economic cooperation, and invest in its human capital to drive growth and development.
I also strongly believe Nigerian government can learn from this thought provoking insight into South Africa handling of the politics and economy which brought them from grace to grass. Please add your thoughts on our comment section.
By Bola Babarinde
