Collateral damage

HOMO SAPIENS WRITES:If you fail to plan, and maintain, you plan to fail.As a result of this scenario, the Electricity Shortage Commission (ESCOM), has resulted in massive economic collateral damage, to the South African economy and SADC countries.A reliable, affordable energy supply is essential for economic growth. For the last decade, orange warning lights have flickered.Now we have regular load shedding, and Namibia won’t be exempt, as it depends on ESCOM. Load shedding impairs economic growth and leads to job shedding, loss of GDP and investment confidence, and if it persists, economic recession.It affects pumping of water and sewerage works – see Hammanskraal and the cholera outbreak near Pretoria. This combined, with AK47 nostalgia and neutrality on Russia’s side in the Ukranian conflict has resulted in higher bread prices and the fall of the rand/Namibia dollar against the US dollar. The stock exchange will suffer from investor withdrawals and trade losses.Inflation, food insecurity and unemployment will result in post economic collapse, stress disorder.The mismanagement of the South African economy for shallow political points will boomerang on the whole SADC region.If pragmatism and common sense does not prevail, the ANC will face massive vote shedding and civil unrest in 2024 in a downhill domino scenario.Vision 2030 prosperity needs peace, security and democracy – good management of, by, for and with the people.* Rubrieke, meningstukke, briewe en SMS’e deur lesers en meningvormers weerspieël nie noodwendig die siening van Republikein of Namibia Media Holdings (NMH) nie. As mediahuis onderskryf NMH die etiese kode vir Namibiese media, soos toegepas deur die Media-ombudsman.

Collateral damage

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Republikein 2025-05-01

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Collateral damage

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Republikein 2025-05-01

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