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PALI LEHOHLA | The infrastructure illusion: why South Africa’s ‘build’ is breaking the bank | SA News

Deindustrialisation because the markets so dictated was a dummy sold and bought by South Africa at the dawn of democracy.

The World Bank’s tears overflow for their 30-year misguided advice to countries. The milk has sadly been spilt. Now the yellow plant machinery South Africa prided itself on has disappeared and with it the engineering competence and capability. Our head start has been overtaken by China, which was nowhere near South Africa in the 1980s.

Let’s consider our attempt at jerking up our gross fixed capital formation (GFCF) as our lever of growth faces headwinds.

You cannot build a future with a technical hammer that costs twice its weight in sovereign dignity. To analyse…

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