Developing the right economic Growth-Path for South Africa’s volatile Economy will prove a significantly taxing task, given the past’s pre-Democratic policies of Separate Development and Free-For-All attitude that come post-1996. A strategic approach to formatting the correct formula to a sustainable Economic Growth-Path that will create jobs for the currently unemployed; measurably creating a sustaining employment economic development opportunities for posterity, is what South African bureaucrats are searching for.
With ante-investment partners that supported the banality of Westernize development-economic-policies to Africa, experiencing an economic submergence due to an economic global crunch. The prospects of world leaders to lessening the deficit between socially thriving economic hubs and lower impoverished class within their respective countries, was thwarted by market trading hikes stemming from unreasonable global Oil-Fuel-Hikes over the past decade, filtering austerely to industrial, trade and investment sectors worldwide.
This brought about worldwide austerity, with a great number of lower class and some middle-class families unable to sustain themselves from daily, monthly expenditure with their meager disposable income – hence, the recent Austerity Protests in England, Greece, China, and the well publicized chaotic economic revolt in Egypt, where anti-Mubarak protesters want the incumbent President booted out.
The Growth-Path is aimed at creating sustainable employment and aid in developing essential township infrastructure and speedup service delivery across Municipal structures. South Africa’s incumbent leadership, in keeping with the current successful economic growth trends, has to dilute regional boundaries that were formations of Separate Development in the past, and decrease economic volatility by implementing a reasonable fixed price-trade-agreement policies to most imports, to eliminate losses, price rigging, and maintaining concurrent pricing in all respectable trades, and food pricing – value differences must be distinct, however not exploiting ordinary plebs. With a fixed Electricity Rates services across the board, in all Municipalities in our country and bring competition in the Power Generating Plants industry – we cannot allow Eskom monopolize the Power Generating Industry and suffocate electricity consumers by hiking its rates, inconveniently plunging families, communities and businesses into darkness.
A developmental approach to diluting regional boundaries is to allow Macroeconomic hubs to flourish, with the removal of Recruitment Agencies. It is governments social responsibility to instruct the corporate sector to recruit, train and deploy workers within their own capacity, utilizing their own ‘Human Resource Departments’, as it was done in the past. By so doing, all these salary share pillaging Recruitment Agencies will be abolished, allowing a worker to earn the salary that was initially allocated to them – not a salary allocated by the Recruitment Agency. This will increase skills training and allow workers to balance the ratio of expenditure and lifetime savings. The situation at this moment, is hand-to-mouth for many families.
In the townships, micro-businesses i.e. vendors, with fake goods have to be close down and allow proper aspirant business owners to bring it accredited goods to the township consumer that cannot ferry themselves to town.
Our Housing policy needs to be scrutinized considerably and lowered to an affordable price for all South African. A house, as it is known appreciates in value, thus it is deemed as a good asset for investment, however how can one invest on something that is monetary unattainable, even if you were to save to attain it. Real Estate prices are appalling. This coupled by monthly Property Tax – in hindsight Property tax is the same as renting your own house, from the government, whilst paying a bond on that same house.
WORD TO A NEW ECONOMIC GROWTH PATH REVOLUTION
By Linda Sakazi Thwala
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