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| Image by Wonderpolis |
With this year budget speech saw the Vat increase by a percentage; which many oppositions reject. In an interview with the eNCA, veteran leader of the IFP (Inkatha Freedom Party) Dr Mangosuthu Bhuthelezi said that the increase of Vat will still challenge the poor of the poorest. The increase of social grant has no effect if the vat price will also hike. Cosatu too, said they will march against Vat increase, demanding zero percent on basic services like water and electricity. Said the party leader Sdumo Dlamini. One can say the ANC government needs more efficient and less corrupt officials to eradicated problems that ravaged the people.
The transformation that took place in 1993/94, one can regard it as an incomplete transformation because the white-elites are still in dominating most sectors of the economy. Policies adopted were to bring assurance that white minority will still have high dominance in the economy. The gap in society is still growing; there’s no mechanism to solve the issues facing the poor the people who vote for the government. The struggle still continues for black people.
Seeing global market competing between ideologies of market-capitalism,which is being challenged by Chinese characteristics, euro-capitalism, democratic development capitalism used in India and Brazil and small state entrepreneurial used in UAE and Israel – will Ramaphosa’s administration bring our own Black Capitalism which will compete in global market besides the existing ideology which seems to enriched more white instead of the majority in their own land?
In essence, we are still colonised. In a different way, however. We go out and look for investors to plant money in instead of growing our own black business to create job opportunities, we tend to look away and look for funding outside our own country than to create our own working system.