House Chair, much of South Africa's problems, economic problems, over the past decade can be attributed to the ruling party's gross mismanagement of the economy and state-owned enterprises as well as policy uncertainty. As a consequence, the South African economy has experienced tap-it but negligible economic growth rates over this period.
Under the ANC government countless bailouts to SOEs have turned them into a major drain on the fiscus, diverting billions of rands that should be channelled to the poor and service delivery.
Further, the ANC government has failed to reduce the unemployment rate, the youth unemployment rate in particular, and poverty and inequality despite it having borrowing more than a trillion rands over the past decade.
Rampant corruption and mismanagement of the South African economy has resulted in an increase in the cost of living for the poor and the working class.