Mandela Day in our country has limitations. On my recent visit to Rwanda, I witnessed how they involve their whole country in a traditional practice called Umuganda.
Social partnership has not failed us — it has not been tried. A key feature of events since Marikana is not something that happened but something that didn’t: there has been no serious attempt to get business, labour and the government together to discuss a response, either at the National Economic Development and Labour Council or at any other forum. This seems difficult to explain, given that, only a while ago, the air was thick with talk of an economic Codesa.
In the second quarter of this year, SA ran a deficit on the current account of the balance of payments equal to 6.4% of gross domestic product (GDP). This would translate to an annual deficit of R200bn if sustained for a full year. In rand terms, this is the largest current account deficit yet. As a share of GDP, it has been exceeded only in 2007 and 2008. But the current account deficit this year reflects much greater structural economic weaknesses than were present in 2007-08. Then, the deficits occurred when the economy was growing by more than 5% a year, the fastest in several decades. Now we are seeing very large deficits at a time of anaemic growth.
Township folks in particular will remember the days when the first thing workers did before boarding a taxi or a train to work in the morning would be to buy a newspaper and tuck it under the arm. It was a status symbol.
Academics are being offered fantastic freebies to attend dubious conferences at luxurious venues. An academic life has many rewards, including conferences. They are sometimes held in the most wonderful locations and we would be the last to deny that "I have to go there before I die" considerations have sometimes prompted us to submit papers to events in far-flung places.
TERMINALFOUR