Monday, January 14, 2013

December 20, 2012


At the conclusion of my journey in Africa, it’s difficult to try and sum up my experience. I've been humbled and moved by the magnitude of poverty, the hardships and most of all the determination to prevail that I've seen a midst the many individuals I've met. There is so much potential in the country that it just needs to be harnessed and redirected towards productivity. The labor force is plentiful, labor cheap and race relations slowly improving. For every Afrikaner still bent on the apartheid ways there are two embracing the rainbow nation and the promise an integrated South Africa can bring.

Corruption however has been as great a malady as the AIDS epidemic and poverty in slowing the improvement of the country. The existing ANC has misdirected the BEE efforts and fattened their pockets at the expense of the populace. As much as BEE needs a makeover, so do does the government. Jacob Zuma has been the in the spotlight for all the wrong reasons over the past few years, and still the ANC has been the favorite every year. It seems that hollow attempts and promises are enough to secure the majority black vote and keep them in power.

Unemployment has remained over 20% with no promise to decline. As stated before, creating skilled workers to fill the demand I think is the most promising option for the ANC and South Africa instead of a change in macroeconomic policy. Likewise, as stated in UNDP’s Employment Targeted Program for South Africa, tax incentives and subsidies to industries with high employment multipliers can act as a catalyst for the decreasing unemployment.

As of now, the BBBEE is benefiting a privileged few while leaving the rest behind. As China’s textile industry continues to improve and relaxes their mineral dependence, South Africa will have no choice but to completely revamp their export industries and efficiency. This will come with the creation of human capital and investment in research and development. This is the initiative and path that BEE needs to pursue before it dies out for good. 

No comments:

Post a Comment