The ANC have in 13 short years taken South Africa from developed to regressing. The current power crisis is impacting on all businesses in South Africa, but particularly on SME's.
Increased costs, reduced trading hours, and also reduced production hours for those in manufacturing, is killing the SME's in the country.
The failure rate among SME's is set to increase dramatically with many businesses losing 50% of their daily trading as a consequence of the power failures.
They have once again shown that Africa is incompetent by destroying the economy so quickly. The scary thing is that Swaziland, Lesotho, Namibia, Botswana, Zambia and Zimbabwe are all suffering with us as they also get the bulk of their electricity from South Africa.
Once again they are lying to us as well. Although there has been a shortage, how did the system collapse over the past two months? I believe that due to a lack of skills they have damaged or destroyed capacity just as they did at the nuclear station in Cape Town. They just are not owning up to it.
This is another example of a government destroying an economy by pursuing political purposes only. The ANC has destroyed the skills base in the country with their racist employment policies just as the previous Nationalist government did. Racism in any form, when introduced into the economy, can only yield what we are now reaping. Economic chaos and failure.
To learn more about this author, visit Rob Smorfitt's Website.
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Rob Smorfitt
(Visit Rob's Website)
Based in Pietermaritzburg, South Africa.
Married with 3 children (22, 21 and 14).
Have an MBA and am currently doing a PhD
in entrepreneurial success. I have been
self employed since 1982. I have started
26 and bought 5 businesses since then.
Most were sold again and a few were shut
down because of a lack of profitability.
Many were run by staff or family while I
worked in full time employment in my
bigger businesses. 6 books written in SME
and Project Management educational field.
Written articles for various magazines,
newspapers and websites.
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