(Rob Jeffrey) South Africa - SOUTH AFRICA’S ELECTRICITY AND ECONOMIC DEVELOPMENT REQUIREMENTS PART 115.May.2019
Rob Jeffrey, Independent Economic Risk Consultant: The three major objectives of the country are poverty alleviation, reducing inequality and raising standards of living. These objectives can only be achieved by maintaining a high rate of economic growth, thereby reducing levels of unemployment and raising the standard of living. Electricity is a necessary but not a sufficient condition for economic growth. The necessary condition for sustainable economic growth is that there is a stable and secure supply of electricity at the lowest effective economic cost when delivered to the user. The sufficient condition requires that economic, social and political conditions must be put in place to foster and encourage domestic and foreign investment, thereby creating demand for productive and economically efficient industries.
Sanjeev Sabhlok, Economist: By the time India became independent, socialism was on the ascendant. Further, British rule had not been able to separate the jurisdiction of the state from religion – instead, it had engendered confusion through the concept of “juristic personhood” for idols. Given such conflicted circumstances, we probably did well enough to get our 1950 Constitution for our First Republic. But in comparison with what the Constitution of an ideal liberal state should look like, it leaves much to be desired.
D.K., a German citizen, talks about what has happened with the German government, economy, schools and work force over the course of her life so far. Most of it is not good. It is important that other Germans also talked about these things and make changes.
Mpiyakhe Dhlamini, researcher at Free Market Foundation: If South Africans are serious about solving the dire poverty problem we have, getting to the point where women have de facto as well as de jure equality with men is a critical part of doing that. No country can overcome the magnitude of what South Africa and the rest of Africa need to deal with while tying one of its hands behind its back. Free women and free the economy, otherwise development and progress will remain a pipe-dream.