SOUTH AFRICA MUST FLEE IMF BAILOUT
Published on Linkedin on December 4, 2017
Churchill once said “Now this is not the end. It is not even the beginning of the end.
But it is perhaps the end of the beginning”
The Elation Fantasy Class Cruise Liner carries 2,634 passengers and crew. It has a
tactical diameter, in turning around through 180 degrees, of over a thousand yards.
This manoeuvre is time consuming, costly, embarrassing and uncomfortable for the
passengers.
How long would it take the South African Economy, with 56,0 million passengers and
crew, to turn through 180 degrees. And by how much would the South African Fantasy
Cruise Liner lag its competitors once this annoying about face has been completed.
That depends on how long it takes to fire the captain and his first officers. And to get
rid of the free-loading passengers without valid tickets. Then to employ competent
mariners under a captain that knows something about sailing and management, and
importantly is qualified to operate a sophisticated ship of this size. Appointing a
competent navigator may take time as this post can be filled from outside the country.
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That navigator needs to set a course directly away from the rugged coast and
treacherous rocks reported by the IMF to be dead ahead on the old course. These
measures should be regarded as a crisis without letting the ticket-toting passengers
get too jittery and demand access to the lifeboats.
South Africa’s desperate poverty, unemployment and borrowing crises need urgent
attention. The vehicles of development economics, the State-Owned Enterprises, all
seven-hundred of them, guaranteed by the State to the extent of R470 Billion and
presently manned by tenderpreneurs, foreigners, kleptocrats, favourite nephews and
nieces, executives with dubious qualifications and politicians with grimy fingers, need
urgent pruning, privatizing and managing. They should be run as profitable businesses
with market related Return on Investment targets.
The current government’s foolish adherence to Marxist, Cuban and Communist
doctrine, proven useless everywhere else on the planet, needs to end. And the act by
the government sycophants of leap-frogging education to earn (steal) a quick buck
needs to be made punishable by law.
The SACP and some trade unions need to contest elections in stead of stomping
around the streets with Rolex watches.
The Auditor-General needs to be given legal teeth to eradicate the occurrence of
Local Government theft. Local Government should rather provide the poor with
services.
And pilots from Russia, China, India, North Korea and Cuba must not be allowed
aboard the South African Fantasy Cruise Liner.
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