Search
  • Restorative Readings: The Old Testament, Ethics, and Human Dignity
    Restorative Readings: The Old Testament, Ethics, and Human Dignity
    Pickwick Publications

    Foreword by Walter Brueggemann, my chapter is entitled 'In conversation: The Old Testament, Ethics and Human Dignity'. A superb resource edited by Julie Claassens and Bruce Birch

  • What are we thinking? Reflections on Church and Society from Southern African Methodists.
    What are we thinking? Reflections on Church and Society from Southern African Methodists.
    by Dion A Forster, Wessel Bentley
  • Methodism in Southern Africa: A celebration of Wesleyan Mission
    Methodism in Southern Africa: A celebration of Wesleyan Mission
    by Dion A Forster, Wessel Bentley
  • Christ at the centre - Discovering the Cosmic Christ in the spirituality of Bede Griffiths
    Christ at the centre - Discovering the Cosmic Christ in the spirituality of Bede Griffiths
    by Dion A Forster
  • An uncommon spiritual path - the quest to find Jesus beyond conventional Christianity
    An uncommon spiritual path - the quest to find Jesus beyond conventional Christianity
    by Dion A Forster
Transform your work life: Turn your ordinary day into an extraordinary calling. by Dion Forster and Graham Power.
Download a few chapters of the book here.
Pages
Social networking
« Choose a different way (together) - On Rwanda and reconciliation | Main | The (im)possibility of forgiveness »
Tuesday
Mar312015

The reality of South Africa's economic crisis, and what you can do about it

The most recent Institute for Futures Research report (Stellenbosch University) shows that South Africa is a nation in deep economic crisis.  Sadly, it is predicted that unless we act decisively and courageously we will continue to face economic challenges and decline.

Here are a few of the facts:

We have accepted that we will operate with a deficit budget (our expenses exceed our national income and will stay that way), we have low productivity and high labour costs (a 2% increase in productivity of labour, and an average of 10% increase in wages). We rely on foreign investment to fuel our economy since our internal economic base is too small to keep the economy growing.  However, there are too few people in South Africa to pay the bills, which means that debt is increasing (the household debt to disposable income ratio averages at 80%!) This will become worse as fuel prices increase, electricity prices increase and farming shrinks. At the same time we have become hostile to foreigners and paint a picture of a corrupt, volatile and uncompetitive economy - which means that foreign investors are fewer and fewer. The "upshot is a continuous erosion of the domestic and international competitiveness of South African produced goods and services" (Andre Roux in Strategy Insights Report: Economic, IFR, Vol 23 No 03 Mar 2015). 

It doesn't have to be this way!  

We can stand together and deal with poverty, inequality and corruption.  It takes a choice that is sustained through our collective action.

What we need in South Africa is a commitment to the common good of all, a commitment to active citizenship that holds the citizens to account, and will not allow either government or big business to steal from us.  That is part of the good news - we are a democracy that still has the right to exercise our democratic freedom.  We can, and should, use those rights to hold our political and economic leaders to account.

South Africans deserve it, and so does South Africa.  We are a nation with such great promise in one of the most beautiful places on earth.  Let's hold hope high and work for the good of all.

I choose to act.  I will act for the common good.  I will work for reconciliation.  I will work for justice. I will not be silent.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>