Being able to speak the truth, without the fear of being intimidated or being politically incorrect is a liberty that sets a person free, both physically and psychologically. However, this attribute is increasingly more difficult to find in the leadership and structures of the ‘new’ democratic South Africa.
It has happened! For months we, as a nation, have been struggling and fighting not to be downgraded to junk status, but on Monday, 3 April 2017, following the cabinet reshuffle, it was announced that South Africa’s sovereign credit rating was cut. However, what does that mean?
South Africans will not be surprised to learn from the 2016 Economic Freedom of the World (EFW) report, published by the Fraser Institute, that their country has lost another 12 places on the economic freedom index, dropping from 93rd in 2013 to 105th in 2014 (the latest year for which comprehensive figures are available for the 159 countries analysed). They will nevertheless be distressed to learn that SA has lost 73 places on the index since 2000.