This is the second article in a three part series. Our focus in this article will be on the state of South Africa and its currency.
South Africa – on the verge of being a failed state
As a primer, we encourage you to read the following two articles to truly appreciate the current state of affairs in South Africa:
- A fascinating piece written by Mr. Michael Fridjhon, titled: South Africa: The Rambo Nation.
Given the rate at which things are falling apart, it’s evident we are running out of time. Forget about downgrades, #GuptaLeaks and elective conferences. If we don’t address what is happening, it’s only a matter of time before the kind of widespread looting which follows a natural disaster will become a norm. If the law cannot hold, lawlessness followed by martial law (replete with its own abuses) is what awaits us – and it’s just around the corner.
- A brilliant piece in today’s Financial Times, written by David Pilling, titled: How corruption became ‘state capture’ in South Africa.
The National Prosecution Authority, headed by Shaun Abrahams, a Zuma appointee, has denied suggestions that it prosecutes selectively. Mr Zuma, for one, has been a beneficiary of the office’s busy workload. So far, he has avoided prosecution on no fewer than 783 pending charges of fraud and graft.
Please click here to read the article.